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:55577)
Property Features
- MLS® Number A2207625
- Price $700,000
- Bedrooms: 4
- Bathrooms: 2
- Square Footage: 1176 sqft
- Property Type: House
- Community Name: Heritage Okotoks
- Amenities Near By Park, Playground, Schools, Shopping
- Parking Space Total 2
- Plan 1650e
- Structure None
Buildings
| Bathroom Total | 2 | Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 1 | Bedrooms Total | 4 |
| Appliances | Washer, Refrigerator, Dishwasher, Stove, Dryer | Architectural Style | Bungalow |
| Basement Development | Finished | Basement Type | Full (finished) |
| Constructed Date | 1959 | Construction Material | Wood Frame |
| Construction Style Attachment | Detached | Cooling Type | None |
| Exterior Finish | Stucco | Flooring Type | Hardwood |
| Foundation Type | Poured Concrete | Half Bath Total | 1 |
| Heating Type | Forced Air | Stories Total | 1 |
| Size Interior | 1176 Sqft | Total Finished Area | 1176 Sqft |
| Type | House |
Parking
| Detached Garage | 2 |
| Oversize |
Land
| Acreage | No | Fence Type | Partially Fenced |
| Land Amenities | Park, Playground, Schools, Shopping | Size Depth | 39.79 M |
| Size Frontage | 22.97 M | Size Irregular | 9750.00 |
| Size Total | 9750 Sqft|7,251 - 10,889 Sqft | Size Total Text | 9750 Sqft|7,251 - 10,889 Sqft |
| Zoning Description | D |
Rooms
| Level | Type | Dimensions |
|---|---|---|
| Basement | Living Room | 22.42 Ft x 12.67 Ft |
| Basement | Laundry Room | 12.67 Ft x 9.50 Ft |
| Basement | Storage | 12.67 Ft x 8.92 Ft |
| Basement | Storage | 12.75 Ft x 8.42 Ft |
| Basement | Bedroom | 15.42 Ft x 12.42 Ft |
| Basement | 2pc Bathroom | 5.00 Ft x 4.67 Ft |
| Main Level | Kitchen | 13.50 Ft x 10.83 Ft |
| Main Level | Dining Room | 11.25 Ft x 10.33 Ft |
| Main Level | Living Room | 19.92 Ft x 13.50 Ft |
| Main Level | Primary Bedroom | 13.42 Ft x 10.58 Ft |
| Main Level | Bedroom | 11.92 Ft x 10.08 Ft |
| Main Level | Bedroom | 10.92 Ft x 10.00 Ft |
| Main Level | 4pc Bathroom | 10.08 Ft x 4.92 Ft |
Agents and Offices
- Dusko Sremac
- Michael Gloria
- Office: Real Broker