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Okotoks,AB T1S1J6
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,176 sqft
Price per Sqft $616
Subdivision Heritage Okotoks
MLS Listing ID A2207625
Style Bungalow
Bedrooms 4
Half Baths 1
Originating Board Calgary Real Estate Board
Year Built 1959
Lot Size 9,750 Sqft
Acres 9750.0
Property Sub-Type Freehold
Property Description
Prime Redevelopment Opportunity in the Heart of OkotoksSituated on a generous 75-foot wide, 9,700+ sq ft lot, 78 McRae Street presents an exceptional opportunity for developers, investors, or visionaries looking to shape the future of downtown Okotoks. The property features Downtown District (D) zoning, which allows for a flexible blend of residential, commercial, and mixed-use developments (subject to Town of Okotoks approval).This zoning supports a variety of possibilities—ground-floor retail with residential units above, office space, cafés, boutique hotels, or even multi-family housing—designed to contribute to a lively, pedestrian-focused town center (subject to city approval).The Town of Okotoks is actively pursuing its Downtown Area Redevelopment Plan (ARP), an initiative focused on revitalizing the core through thoughtful development, public realm improvements, and a mix of old and new architecture. This property is ideally positioned to align with that vision and take advantage of the town's commitment to creating a vibrant, walkable downtown.The existing home is a classic bungalow that could be renovated, used as a holding property, or cleared for new development.Located just steps from historic Elma Street, local shops, restaurants, and cultural amenities, this property also offers quick access to Calgary in just 15 minutes and the Rocky Mountains for weekend escapes and recreation.Opportunities like this—on large lots in flexible zones with community-backed growth plans—are rare. Seize your chance to be part of Okotoks' evolving downtown core. (id:24570)
Location
Province AB
Rooms
Kitchen 1.0
Extra Room 1 Basement 22.42 Ft x 12.67 Ft Living room
Extra Room 2 Basement 12.67 Ft x 9.50 Ft Laundry room
Extra Room 3 Basement 12.67 Ft x 8.92 Ft Storage
Extra Room 4 Basement 12.75 Ft x 8.42 Ft Storage
Extra Room 5 Basement 15.42 Ft x 12.42 Ft Bedroom
Extra Room 6 Basement 5.00 Ft x 4.67 Ft 2pc Bathroom
Interior
Heating Forced air
Cooling None
Flooring Hardwood
Exterior
Parking Features Yes
Garage Spaces 2.0
Garage Description 2
Fence Partially fenced
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 1
Architectural Style Bungalow
Others
Ownership Freehold
Virtual Tour https://youtu.be/KOLV8UHBFi8