Rare Banff Development Opportunity on Squirrel Street
3 Adjacent Lots Located At
309, 311, and 317 Squirrel Street
The Opportunity
This three-lot assembly located at 309, 311, and 317 Squirrel Street is positioned on the western edge of downtown Banff, between Elk and Lynx Streets. Recently rezoned under the Residential Squirrel-Cougar (RSC) District, these parcels now benefit from enhanced density allowances designed to encourage the creation of much-needed local housing. And with parking decoupled from the parcels, developers have design flexibility. Below-grade structures can be added to accommodate parking, servicing, mechanical, and storage.
Development Potential
Zoning
RSC (Residential Squirrel-Cougar) – high-density housing district
Density
FAR up to 1.6 (apartments or 5+ dwellings)
Height
Up to 14.5 m (~4 storeys)
Permitted Uses
Apartment housing, multiplex, fourplex, accessory dwellings
Lot Assembly
Significant combined frontage and depth, enabling scalable redevelopment
Offered at $6,950,000 CAD
This assembly represents one of the most unique and scalable development sites in Banff.
Contact Us
This is a rare chance to consolidate multiple lots in one of Canada’s most constrained real estate markets and take advantage of the Town of Banff’s new planning framework.