425 Muskrat Street, Banff

For sale46 days on hômmLast checked with the board’s feed

425 Muskrat Street, Banff — listing photo
For saleMLS® #A2334650

$4,200,000 asking price

425 Muskrat Street, Banff in Improvement District No. 09 (Banff), Banff — listing provided by Allison Baird of Heartland Real Estate

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About this home

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.

Key facts

MLS® numberA2334650
Property typeVacant Lot
StyleOther
Lot size25,264 sq ft
Days on hômm46 days on hômm
Annual property tax$18,879/year (2026)
Listing REALTOR®Allison Baird
BrokerageHeartland Real Estate

Questions about this home

Is this home still available?

Yes — at our last check this home was still on the market at $4,200,000 (46 days on hômm). A home can go under contract the same day an offer is accepted, so the “last checked” stamp near the top of this page is the honest measure of how current that is.

How do I book a viewing?

Ask for a tour on this page, or book a call with hômm, and we will put you with a REALTOR® who arranges the showing with the listing brokerage — usually the same day.

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What is this home worth?

The asking price for 425 Muskrat Street, Banff is $4,200,000. What a home actually sells for is settled by what comparable homes nearby have recently sold for, its condition, and how it is priced against them — not by an online figure. A REALTOR® can walk you through the recent sales on this street before you write an offer. If it is your own home you are wondering about, hômm’s free home-worth tool gives you a starting number in about a minute.

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About Banff

Website provided by Kelly Grant

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Mortgage values are calculated by hômm and are provided for estimate purposes only.

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Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).