Active
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354096 48 Street E, Okotoks, AB
$1,499,900
Residential · MLS® A23325653Bedrooms
3Bathrooms
1,031.74Sq Ft
2008Year Built
02 / Overview
PROPERTY OVERVIEW
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...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,031.74 sq ft
Lot Size217,800 sq ft
ZoningALH
HeatingForced Air
CoolingNone
ParkingNone
ExteriorNone
BasementFull
Year Built2008
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$4,664After mortgage & expenses
Cap Rate0.7%Based on market rents
Cash on Cash Return-18.7%With 20% down payment
Est. Monthly Rent$1,956Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
NONE
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Investment Score53/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Lorenda Coles · CIR Realty