Banff Avenue Affordable Housing Development

Banff Ave Housing

Banff Avenue Housing Development

Council approved a 33 unit development on Banff Avenue on October 13, 2020.

Information on eligibility and applications will be coming soon.
Questions? Email housing sustainability manager Sharon Oakley.

The project will have 33 units, with a mix of one bedroom, two bedroom and three bedroom units. Current design specs indicate: 

One bedrooms will be 550 sq-ft
One bedrooms with a loft will be 715 sq-ft.
Two bedrooms will be 840 sq-ft,
Two bedrooms with a loft will be 1,000-1,020 sq-ft
Three bedrooms will be between 915-1,220 sq-ft. 

Two of the 33 units will be barrier free, representing six percent of total units.

All units will have private balconies and a total of 48 parking stalls have been included in the submitted design, along with 66 indoor secured bike stalls.

According to the Town of Banff’s Municipal Sustainable Building policy, the building will achieve a minimum certification level of Silver under LEED.

The total project cost for the construction of this proposed design is estimated at $13,277,000. Units will be sold below market values, based only on total construction cost. Estimated unit sale prices range from $294,000  to $654,000.

This will be a price-restricted home ownership project.