50
$1,248,888 (-11%) Sale
Listed 77 days ago
354096 48 Street E
· 3
· 2.50
· -
· 1031.74
Key Facts
Key facts for 354096 48 Street E
Property Type
House, Acreage with Residence,Bungalow
Parking
None , None
MLS #
A2332565
Size
1031.74 sqft
Basement
Full,Finished,Walk-Out
Listed on
-
Lot size
-
Days on Market
-
Year Built
2008
Maintenance Fee
-
Description
This rare 5-acre ALH-zoned parcel, annexed into the Town of Okotoks and positioned at the east entrance along 48 Street, offers exceptional visibility with elevated topography and sweeping mountain views—an increasingly scarce premium for future development. Located directly east of Drake Landing on... the paved roadway, the site is surrounded by established schools, commercial services, golf, and residential neighbourhoods, supporting both immediate demand and long-term growth stability. The extensively renovated reverse-walkout bungalow provides meaningful holding value, 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 offers a large family room, two additional bedrooms, a full bathroom, laundry room, two electric fireplaces, and direct access to a concrete patio framed by a retaining wall—ideal for comfortable family living close to town. A strategic, high-exposure acquisition with strong present-day residential utility and significant long-term upside, including past discussions with the Town regarding the potential for a 3,200 sq.ft. shop (subject to buyer due diligence and approvals). Renovated, valuable, and positioned for future opportunity—this parcel represents one of Okotoks’ most compelling hold-and-develop offerings.
Room Types
2pc Bathroom
5`1" x 5`0"
Dimensions 5'1" x 5'0"
25.42 sqft
4pc Ensuite bath
10`7" x 13`5"
Dimensions 10'7" x 13'5"
141.99 sqft
Dining Room
9`3" x 13`4"
Dimensions 9'3" x 13'4"
123.33 sqft
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Courtesy of: CIR Realty
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