223 Otter Street, Banff, Alberta, CA

Address: 223 Otter Street, Banff, Alberta

0 Beds0 Baths4959 sqftStatus: Buy
Price $5,750,000

Property Overview


Positioned in the heart of Banff, 223 Otter Street presents a rare opportunity to own one of the town’s highly coveted B&B Inn licenses—one of just eight in existence. With recent regulatory changes tightening short-term rental allowances, income-generating properties of this scale and exclusivity are becoming increasingly scarce.This historic 10-room inn, complete with a manager’s suite, combines strong revenue potential with an exceptional lifestyle investment. The main building features seven guest rooms, while the lower level adds three more, providing flexible accommodation options. Guests and owners alike can enjoy multiple common areas, a spacious deck with panoramic views of Mount Norquay, and a full kitchen—all designed for both relaxation and efficiency. Off-street parking further enhances the guest experience.For investors, this asset offers a compelling cap rate in a high-demand tourism market with strict barriers to entry. More than just a business, 223 Otter Street provides the rare ability to meet Banff’s "need to reside" requirement while capitalizing on a tightly controlled, high-yield hospitality segment in Canada’s first national park. A scarce asset in an iconic destination—this is Banff investment real estate at its finest. (id:51532)

 

Tags




Property Summary
Property Type
Business
Square Footage
4959 sqft
Title
Leasehold
Land Size
484.45 m2|4,051 - 7,250 sqft
Building
Building Features
Foundation Type
Poured Concrete
Square Footage
4959 sqft
Total Finished Area
4959 sqft
Parking
Total Parking Spaces
6
Land
Other Property Information
Zoning Description
RNC
Enter Details Below
=

Your Home Finance Calculation

Property Price CA $5,750,000
Bank Loan Amount CA $0
Monthly Installment CA $0

More Properties By Christopher Vincent

View All

Related Properties

View All

Never Miss Anything Important!

Stay updated with latest property news:

News, Prices, Listings, Brokers, Index, Trends & Articles

We Don’t Like SPAM Either!
Advertisement Banner