425 Muskrat Street , Banff, Alberta

$4,200,000

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0.58

Acres

About 425 Muskrat Street

An exceptional opportunity to acquire a rare vacant development property in the heart of Banff, Canada's first national park. Encompassing approximately 0.58 acres, this unique offering consists of two legal lots under one title, spanning the RBA and RNC Land Use Districts under the Town of Banff Land Use Bylaw. The RBA designation permits apartment, multiplex, and fourplex housing, while the RNC designation permits duplex, triplex, fourplex, and multiplex housing, subject to all applicable bylaws, development permit approval, and municipal requirements. Ideally situated, the property captures spectacular views of Cascade Mountain, Mount Norquay, Sulphur Mountain, and Tunnel Mountain, while remaining within walking distance of downtown Banff, schools, parks, trails, and everyday amenities. Opportunities to acquire a vacant infill development site of this size and caliber in Banff are exceptionally rare, making this a remarkable redevelopment opportunity in one of Canada's most sought-after mountain communities.

Features of 425 Muskrat Street

MLS® # A2334650
Price $4,200,000
Acres 0.58
Type Land
Sub-Type Residential Land
Status Active

Community Information

Address 425 Muskrat Street
Subdivision NONE
City Banff
County Improvement District No. 09 (Banff)
Province Alberta
Postal Code T1L 1A1

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed August 10th, 2026
Days on Market 22
Zoning RNC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHeartland Real Estate

Listing Map