This rare 5-acre, annexed-into-town parcel at the east entrance of Okotoks offers exceptional visibility as you arrive on 48 Street, with elevated topography and sweeping mountain views—an increasingly scarce premium for future commercial or mixed-use development. Positioned directly east of Drake Landing along the paved roadway, the site is surrounded by established schools, commercial services, golf, and residential neighbourhoods, creating both immediate demand and long-term growth stability. Offered strictly as land value, the extensively renovated reverse-walkout bungalow adds meaningful holding utility, featuring a bright upper level with a spacious primary bedroom and updated 4-piece ensuite, a modern 2-piece powder room, a large living room, quartz counters, stainless steel appliances, low-maintenance LVP flooring, and a generous deck capturing the mountain views. The lower walkout level includes a large family room, two additional bedrooms, a full bathroom, a laundry room, two electric fireplaces, and direct access to a concrete patio framed by a retaining wall—ideal for rental income, staff housing, or on-site use during planning and approvals. A strategic, high-exposure acquisition offering both short-term functionality and significant long-term upside in one of Okotoks’ most active and rapidly expanding corridors.
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Zillow last checked:
Listing updated:
Listed by:
Lorenda Coles, Associate,
Cir Realty
Source: courtesy of Pillar9 System,MLS®#: A2332565Originating MLS®#: Calgary
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1
Other
Level: Main
Dimensions: 15`0" x 13`4"
Bedroom
Level: Basement
Dimensions: 11`9" x 11`10"
Bedroom
Level: Basement
Dimensions: 11`10" x 10`6"
Other
Level: Main
Dimensions: 5`1" x 5`0"
Other
Level: Basement
Dimensions: 4`11" x 9`10"
Other
Level: Main
Dimensions: 10`7" x 13`5"
Dining room
Level: Main
Dimensions: 9`3" x 13`4"
Family room
Level: Basement
Dimensions: 16`2" x 15`9"
Kitchen
Level: Main
Dimensions: 13`10" x 16`8"
Laundry
Level: Basement
Dimensions: 5`0" x 7`7"
Living room
Level: Main
Dimensions: 16`7" x 15`10"
Other
Level: Basement
Dimensions: 6`7" x 5`10"
Heating
Forced Air
Cooling
None
Appliances
Included: Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer
Architectural style: Acreage with Residence,Bungalow
Property subtype: Single Family Residence
Materials
Stone, Stucco
Foundation: Concrete Perimeter
Roof: Asphalt
Condition
New construction: No
Year built: 2008
Community & HOA
Community
Features: Street Lights
Subdivision: NONE
HOA
Has HOA: No
Location
Region: Okotoks
Financial & listing details
Price per square foot: C$1,454/sqft
Date on market: 7/27/2026
Inclusions: None
Lorenda Coles, Associate
Lorenda Coles, Associate
(403) 998-2544
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