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https://www.cirrealty.ca/reb/creb/25/A2207625_2.jpg https://www.cirrealty.ca/reb/creb/25/A2207625_3.jpg https://www.cirrealty.ca/reb/creb/25/A2207625_4.jpg https://www.cirrealty.ca/reb/creb/25/A2207625_5.jpg https://www.cirrealty.ca/reb/creb/25/A2207625_6.jpg https://www.cirrealty.ca/reb/creb/25/A2207625_7.jpg https://www.cirrealty.ca/reb/creb/25/A2207625_8.jpg https://www.cirrealty.ca/reb/creb/25/A2207625_9.jpg https://www.cirrealty.ca/reb/creb/25/A2207625_10.jpg

78 Mcrae Street

Okotoks T1S 1J6

MLS® Number:  A2207625

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  • 78 Mcrae Street

$ 725,000

4

BEDROOMS

1 + 1

BATHROOMS

1,176

SQUARE FEET

1959

YEAR BUILT

https://www.cirrealty.ca/reb/creb/25/A2207625_2.jpg

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MLS® Number
A2207625
PROPERTY TYPE
Detached
LISTING DATE
May-12-2025

Prime Redevelopment Opportunity in the Heart of Okotoks Situated 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.

COMMUNITY  Heritage Okotoks
PROPERTY TYPE  Detached
BUILDING TYPE  House
STYLE  Bungalow
YEAR BUILT 1959
SQUARE FOOTAGE  1,176
BEDROOMS  4
BATHROOMS  2.00
BASEMENT  Finished, Full
AMENITIES 
APPLIANCES  Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
COOLING  None
FIREPLACE  N/A
FLOORING  Hardwood
HEATING  Forced Air
LAUNDRY  In Basement
LOT FEATURES  Back Yard
PARKING  Double Garage Detached, Oversized
RESTRICTIONS  None Known
ROOF  Asphalt/Gravel
TITLE  Fee Simple
BROKER  Real Broker

 

 

ROOMS DIMENSIONS (m) LEVEL
Living Room 22`5" x 12`8" Basement
Laundry 12`8" x 9`6" Basement
Storage 12`8" x 8`11" Basement
Storage 12`9" x 8`5" Basement
Bedroom 15`5" x 12`5" Basement
2pc Bathroom 5`0" x 4`8" Basement
4pc Bathroom 10`1" x 4`11" Main
Kitchen 13`6" x 10`10" Main
Dining Room 11`3" x 10`4" Main
Living Room 19`11" x 13`6" Main
Bedroom - Primary 13`5" x 10`7" Main
Bedroom 11`11" x 10`1" Main
Bedroom 10`11" x 10`0" Main
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Data supplied by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE MLS® System. CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.Copyright [2024] by the REALTORS® Association of Edmonton. All Rights Reserved.