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For Sale

223 Otter Street

223 Otter Street, Banff, Alberta T1L 1C3

$5,750,000 CAD
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.

4,959 Sq.Ft. LIVING AREA

5,214 Sq.Ft. lot

Christopher Vincent

Christopher Vincent

Laura Wright

Laura Wright

Features & Amenities

Area & Lot

  • Status For Sale
  • Living Area4,959 Sq.Ft.
  • Lot Area5,214 Sq.Ft.
  • MLS® IDA2199643
  • TypeCommercial
  • NeighborhoodBanff

Exterior

  • roofAsphalt Shingle
  • lot featuresSloped Down
  • HEAT TYPEBoiler, Natural Gas
  • SubstructurePoured Concrete

Financial

  • Sales Price$5,750,000 CAD
  • Zoning RNC

Download Property Information

223 Otter St Measurements anf Floorplans-compressed.pdf
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Thank you for your interest in 223 Otter Street, Banff, Alberta T1L 1C3. We are reviewing your request and will be in touch shortly!
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Banff

Canada's first National Park and world famous mountain town.

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Contact Details

Vincent & Wright Group

Phone

403.707.8048

Email

[email protected]

Address

1040 Railway Ave #100 Canmore AB T1W 1P4 Canada

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