8 hours on Market

45 Mcrae St, Okotoks, Alberta T1S 1J3

Detached
2
1
~684.00 sqft
$549,800
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Detached
2
1
~684.00 sqft

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Highlights

Property Estimate

Days on market8 hours

Estimated valueNot available

Price/Sqft$803/sqft

Monthly cost

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Description

Welcome to 45 McRae Street in the heart of Downtown Okotoks, an exceptional opportunity to own a 4,335 sqft CORNER LOT with Downtown District (D) zoning, offering incredible flexibility for residential, commercial, or mixed-use possibilities. Positioned directly on the downtown strip and across from Old Towne Plaza with restaurants, shops, local businesses, and community gathering spaces just steps away, this is a highly visible location surrounded by the energy and activity that makes downtown Okotoks such a desirable destination. Frequent community events and steady pedestrian and vehicle traffic create excellent exposure for entrepreneurs, investors, or small business owners looking for a storefront or professional space, while the existing residence also provides the option to continue using the property as a home. The charming 684 sq. ft. bungalow features a bright and inviting living room with a large picture window overlooking McRae Street, a functional kitchen with updated cabinetry and plenty of workspace, two bedrooms, and a full bathroom highlighted by a freestanding tub and warm accents. The property has also seen UPGRADES TO THE FURNACE AND ELECTRICAL within the past 10+ years adding practical value to the existing building. Outside, the generous corner parcel offers multiple access points, including convenient access from the adjoining lane and rear alley, creating additional flexibility for parking, deliveries, future development, or business operations. A substantial 12'5" x 24'7" detached shed provides an impressive amount of additional storage or workspace. The Downtown District zoning is intended to support a vibrant, pedestrian-oriented town center with a blend of commercial, retail, office, community, and residential uses while encouraging thoughtful infill and redevelopment, making this property particularly appealing for anyone looking to capitalize on the continued growth and character of Downtown Okotoks. Whether you envision operating your own business in a prominent Main Street location, holding the property as an investment, maintaining its residential use, or exploring future redevelopment opportunities, 45 McRae Street offers a rare combination of location, visibility, lot size, access, and flexible downtown zoning in one of Okotoks' most recognizable areas.


Property Details

StyleBungalow
View-
Age of property1900
SqFt~684.00 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberA2345198
Community NameOkotoks
Data SourcePILLAR 9
Listing byRE/MAX Landan Real Estate

Features

Heating: Forced Air
Basement: Other

Main Floor

Living Room

13`9" x 13`4"

Kitchen

9`10" x 13`4"

Bedroom

10`2" x 10`0"

4pc Bathroom


Property History

Sep 17, 2026
ListedActive
$549,800
8 hours on market
history photo preview21
Listing by pillar 9®
Property listed by RE/MAX Landan Real Estate, Brokerage
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Market Data - Okotoks

Geo Zone Map ThumbnailOkotoks

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

48 days

Compared to

2025

38 days

2024

22 days

2023

21 days

New Listings

Past 30 days

37 listings

Compared to

2025

52 listings

2024

59 listings

2023

43 listings

Units sold

Past 30 days

37 units

Compared to

2025

48 units

2024

52 units

2023

42 units

Median Sold Price

Past 30 days

$709,500

Compared to

2025

$680,000

2024

$713,500

2023

$622,500


Population and Demographics

Overview

Total population 28648
Average household income $144,973

Age (%)

0 to 19
30%
20 to 34
14%
35 to 49
23%
50 to 64
19%
65 and plus
15%

Household composition (%)

Single family
80%
Single person
17%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
93%
Others
3%
French
2%
Tagalog (Pilipino, Filipino)
1%

House tenancy (%)

Owners
86%
Renters
14%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget