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Ken Rigel

ken@krgroup.ca +1(403) 207-1748

$1,248,888

Est. payment - /mo

3 Beds

3 Baths

1,031 SqFt

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1031.74

Square Footage 1,031 sqft

Price per Sqft $1,211

MLS Listing ID A2358065

Style Acreage with Residence,Bungalow

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Y/N No

Year Built 2008

Lot Size 5.000 Acres

Acres 5.0

Property Sub-Type Detached

Property Description

INVESTMENT OPPORTUNITY – 5 Acres of Prime Development Land Within Okotoks Town Boundaries! Strategically located along the 48 ST in the Town of Okotoks,this exceptional parcel offers outstanding exposure,elevated topography,and sweeping mountain views. The property falls within an approved Area Structure Plan identifying the lands for future Business Park development,supporting commercial and light industrial uses,making it a rare opportunity for investors,developers,and land bankers seeking long-term upside in one of Alberta's fastest-growing communities.

Currently zoned ALH (Agricultural & Land Holdings District),the property offers immediate utility while future development plans evolve. The fully renovated bungalow provides over 1990 sq. ft. of developed living space,featuring 3 bedrooms,2 bathrooms,quartz countertops,stainless steel appliances,upgraded flooring,multiple living areas,covered outdoor spaces,and stunning views. This creates excellent holding income or owner-occupancy potential while protecting future development value.

The usable acreage provides flexibility for a variety of interim uses,including equipment storage,RV storage,and other potential commercial applications,subject to municipal approvals. Surrounded by established residential communities,schools,recreation amenities,golf,and commercial services,this high-profile parcel combines present-day residential enjoyment with significant future development potential. Large land holdings within Okotoks are becoming increasingly scarce,making this a compelling hold-and-develop opportunity with exceptional long-term investment value.

Location

Province AB

County 0111

Community Schools Nearby, Shopping Nearby, Street Lights

Zoning ALH

Direction E

Rooms

Basement Full, Finished, Walk Out

Interior

Interior Features Breakfast Bar, No Smoking Home, Quartz Counters, Vinyl Windows

Heating Forced Air

Cooling None

Flooring Vinyl Plank

Fireplaces Number 2

Fireplaces Type Electric

Inclusions None

Fireplace Yes

Appliance Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings

Laundry In Basement

Exterior

Exterior Feature None

Parking Features None

Fence Partial

Community Features Schools Nearby, Shopping Nearby, Street Lights

Roof Type Asphalt

Porch Deck, Patio

Garage No

Building

Lot Description Gentle Sloping, Interior Lot

Dwelling Type House

Faces W

Story One

Foundation Poured Concrete

Architectural Style Acreage with Residence, Bungalow

Level or Stories One

New Construction No

Others

Restrictions None Known

Virtual Tour 2 https://youriguide.com/354096_48_st_e_okotoks_ab/

Virtual Tour https://photos4remedia.s3.ca-central-1.amazonaws.com/orders/cms3alt6y0001lf04mx3dfp2s/videos/cc4a57c5-e7b5-4aa0-a1a7-58aaff7bbe54.mp4

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Listed by CIR Realty

Ken Rigel

Team Lead

+1(403) 207-1748

354096 48 ST E Okotoks, AB T1S 1A7

Ken Rigel

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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354096 48 ST E