Gold(I)‐catalysed reactions of phenylpropargyl acetals and aryl azides gave trans‐3,6‐methoxy‐1,4,5‐triaryl‐4,5‐dihydro‐azepine products (78–94 %) in a highly diastereoselective manner. Two units of propargyl acetal and one unit of aryl azide are incorporated into the azepine product. The reaction proceeds by a sequential two‐step pathway via an activated Z‐2‐methoxy vinyl imine intermediate, with a final [4+3] cycloaddition. The imine intermediate could be isolated and used for the further selective preparation of unsymmetrically substituted azepines. The results described here contribute to an improved understanding of the gold(I)‐catalysed reactions of highly reactive propargyl acetals, which undergo a diversity of selective cyclisation reactions with different reactants.