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1621 1st Avenue
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Canmore · Single Family · under $2,125,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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This prime 14,403 sq ft development site sits on 2 lots at the west end of the rezoned residential area of TeePee town. Permitted uses include Apartment, townhouse and stacked townhouse. Maximum height could be 12 meters with a potential for 60% site coverage. Presently there are 2 well kept homes and double car garage generating rental income. This site is on the corner of 17th Street and 1st Ave (and alley behind) allowing for the potential for extra windows, views and light as well as more flexibility for design and access. A prime opportunity. Both properties must be purchased together 1621 1st Ave MLS A2257145 and 228, 17th Street MLS A2257143 (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 13.42 Ft x 11.75 Ft | |
| Living room | 16.83 Ft x 11.42 Ft | |
| Bedroom | 13.33 Ft x 11.33 Ft | |
| 5pc Bathroom | 6.08 Ft x 11.33 Ft | |
| Laundry room | 10.33 Ft x 11.50 Ft | |
| Other | 4.25 Ft x 7.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 19.92 Ft x 12.00 Ft | |
| Kitchen | 8.67 Ft x 12.17 Ft | |
| Primary Bedroom | 10.75 Ft x 12.08 Ft | |
| 2pc Bathroom | 5.25 Ft x 4.67 Ft | |
| Bedroom | 12.67 Ft x 9.67 Ft | |
| 4pc Bathroom | 7.50 Ft x 6.92 Ft | |
| Other | 4.67 Ft x 7.92 Ft | |
| Foyer | 4.08 Ft x 12.17 Ft | |
| Living room | 16.08 Ft x 12.08 Ft | |
| Dining room | 8.33 Ft x 12.17 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.30%
Cap rate
3.61%
GRM
16.7
Break-even rent
$11,902
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Mar 16, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
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