AB > Banff
Banff, AB T1L1A2,B, 116 Otter
Banff, AB T1L1A2,B, 116 Otter
Banff, AB T1L1A2,B, 116 Otter
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$1,580,000
Est. payment /mo
5 Beds
4 Baths
1,960 SqFt
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Key Details

Property Type Single Family Home

Sub Type Leasehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,960 sqft

Price per Sqft $806

MLS® Listing ID A2216319

Bedrooms 5

Half Baths 1

Year Built 1989

Lot Size 2,868 Sqft

Acres 2868.0

Property Sub-Type Leasehold

Source Alberta West REALTORS® Association

Property Description

This rare, executive-quality 3-bedroom semi-detached home is nestled on a quiet street just three blocks from downtown Banff and mere steps from the Bow River and scenic trail systems. With over $400,000 in high-end renovations and upgrades, this property is a standout in both design and functionality—and now features a legal 2-bedroom suite, offering built-in revenue potential to help offset your mortgage and assist with financing qualification.Perfectly designed for modern mountain living and entertaining, the home showcases a contemporary open-concept layout with two spacious living rooms. The main living area flows effortlessly off the large kitchen and dining space, while the upper living room boasts a vaulted hardwood ceiling, west-facing windows that flood the space with natural light, and a striking floor-to-ceiling Rundlestone wood-burning fireplace—the ideal spot to relax with a book or unwind after a day on the trails.The primary suite is a true retreat, featuring a walk-in closet, a luxurious 6-ft limestone steam shower, and in-suite laundry. Every detail in this home reflects craftsmanship and quality: custom walnut cabinetry, doors, and railings, Canadian white oak hardwood flooring, wool carpets, designer lighting, and top-of-the-line Bosch appliances—including a built-in coffee machine and sleek glass-covered refrigerator with a wine drawer. Fixtures are equally elevated, with Grohe taps, Kohler sinks, custom blinds, and silk drapes throughout.The newly legalized 2-bedroom basement suite includes a private entrance, full bathroom, kitchen, living space, and in-suite laundry—ideal for long-term tenants, family members, or guests. Whether you're looking for extra space or supplemental income, this suite offers unmatched flexibility and financial value in Banff's competitive market.Additional features include a fully fenced yard, sun-drenched deck, two stone patios, and new roof shingles for peace of mind.This exceptional home combines luxury, location, and income potential—making it a rare opportunity in Banff's real estate landscape. (id:24570)

Location

Province AB

Rooms

Kitchen 2.0

Extra Room 1 Second level 14.67 Ft x 17.33 Ft Primary Bedroom

Extra Room 2 Second level 15.25 Ft x 13.17 Ft 4pc Bathroom

Extra Room 3 Second level 8.75 Ft x 10.50 Ft Bedroom

Extra Room 4 Second level 9.17 Ft x 13.42 Ft Bedroom

Extra Room 5 Second level 8.08 Ft x 5.00 Ft 4pc Bathroom

Extra Room 6 Basement 17.58 Ft x 15.00 Ft Recreational, Games room

Interior

Cooling None

Flooring Carpeted, Ceramic Tile, Laminate, Vinyl Plank

Fireplaces Number 1

Exterior

Parking Features Yes

Garage Spaces 1.0

Garage Description 1

Fence Fence

View Y/N No

Total Parking Spaces 3

Private Pool No

Building

Lot Description Lawn

Story 2

Others

Ownership Leasehold

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Listed by RE/MAX Cascade Realty

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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