223 Otter ST new Save Request In-Person Tour Request Virtual Tour
Banff,AB T1L 1C3
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID A2199643
Lot Size 5,214 Sqft
Acres 0.12
Property Sub-Type Hotel/Motel
Property Description
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.
Location
Province AB
County Improvement District No. 09 (banff)
Zoning RNC
Interior
Heating Boiler,Natural Gas
Inclusions All appliances, chattels, furnishings, electronics and art
Exterior
Roof Type Asphalt Shingle
Lot Frontage 40.13
Total Parking Spaces 6
Building
Lot Description Sloped Down
Dwelling Type Hotel/Motel
Foundation Poured Concrete
Others
Restrictions Short Term Rentals Allowed
Virtual Tour https://youtu.be/9jkw5GdZcFc?si=ZOtV84dTFhZOXXsN