50
See all 50 photos
$5,450,000
Est. payment /mo
3,225 SqFt
New
218 & 220 Beaver Street Banff, AB T1L1B2
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,225 sqft
Price per Sqft $1,689
MLS® Listing ID A2226003
Lot Size 10,450 Sqft
Acres 0.23990226
Source Calgary Real Estate Board
Property Description
Situated on two full town lots in the core of Banff, Alberta—one of Canada's most iconic national park destinations—Beaver Street Cabins presents a singular opportunity for investors seeking both stability and upside in a tightly held market. This legal, B&B Inn licensed hospitality property is forecast to generate $414,000 in net revenue for 2025 delivering a favourable cap rate in a world renowned resort market. What sets this property apart is its status as one of only eight of B&B Inns licensed in the Town of Banff—an increasingly rare asset due to tightened municipal regulations. The current configuration offers steady income from a collection of well-maintained heritage cabins, beloved by international visitors year-round; currently the cabins have the capacity for 20 guests in one and two bedroom arrangements. Visitors from around the globe visit to ski, hike, explore the mountains, and visit Banff Avenue which is just steps away. In addition to the guest spaces, there is a residential unit for an onsite owner or manager. Beyond its existing income stream, the real potential lies in the site's approved redevelopment pathway. Backed by over $200,000 in architectural planning and consultations with the Town, future owners have the ability to reimagine the property—retaining a single historic structure while rebuilding the remainder to modern boutique hospitality standards. With zoning and licensing already in place, the groundwork has been laid for a one-of-a-kind repositioning.For investors looking to diversify their portfolio with a high-performing, lifestyle-aligned asset in a location with significant barriers to entry, Beaver Street Cabins is a generational acquisition. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Forced air
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Virtual Tour https://vimeo.com/1090193556?share=copy#t=0
Listed by Sotheby's International Realty Canada