78 Mcrae ST Okotoks, AB T1S 1J6
4 Beds
2 Baths
1,176 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
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
Full Baths 1
Half Baths 1
Originating Board Calgary
Year Built 1959
Annual Tax Amount $3,236
Tax Year 2024
Lot Size 9,750 Sqft
Acres 0.22
Property Sub-Type Detached
Property Description
Situated 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.
Location
Province AB
County Foothills County
Zoning D
Direction S
Rooms
Basement Finished, Full
Interior
Interior Features Separate Entrance
Heating Forced Air
Cooling None
Flooring Hardwood
Inclusions NA
Appliance Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
Laundry In Basement
Exterior
Parking Features Double Garage Detached, Oversized
Garage Spaces 2.0
Garage Description Double Garage Detached, Oversized
Fence Partial
Community Features Park, Playground, Schools Nearby, Shopping Nearby
Roof Type Asphalt/Gravel
Porch None
Lot Frontage 75.36
Total Parking Spaces 2
Building
Lot Description Back Yard
Foundation Poured Concrete
Architectural Style Bungalow
Level or Stories One
Structure Type Stucco,Wood Frame
Others
Restrictions None Known
Tax ID 93001136
Ownership Private
Virtual Tour https://home.newlisting.io/78mcraestreet/?mls