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$650,000

2 Elk Avenue

Okotoks, Alberta

4 bed·2 bath·Detached·MLS® A2332753·22h ago

About this home

Welcome to this beautifully updated 1947 bungalow located in the heart of downtown Okotoks, offering an exceptional opportunity for entrepreneurs, investors, or those seeking a flexible live/work lifestyle. Zoned for mixed use and positioned just steps from Elizabeth Street, this property offers excellent visibility, strong curb appeal, and endless potential. The main floor is currently configured for commercial/retail use and was extensively renovated in 2022. Features include a bright and modern interior with new windows, commercial-grade vinyl flooring, knockdown ceilings, updated insulation and drywall, upgraded electrical, heat pumps, air make-up system, and a camera/security system. The layout includes a spacious retail/reception area with built-in desk, two large offices or treatment rooms—both featuring built-in sinks and individual heating/AC controls—a wheelchair-accessible 2-piece bathroom, storage room, utility room, and washer/dryer. The lower level features a separate private entrance leading to a bright and spacious legal 2-bedroom basement suite. Designed with comfort and functionality in mind, the suite offers large windows, a white kitchen with ample counter space, open dining and living areas, vinyl plank flooring, two generously sized bedrooms with newer carpet, a 3-piece bathroom, stacked washer/dryer, and additional storage space. The legal suite just requires the reinstallation of a stainless steel stove and full-size refrigerator to complete the setup. Additional updates completed in 2022 include the furnace, fire-rated knockdown ceiling, upgraded electrical, garage improvements, and more. Outside, enjoy a large yard, concrete walkways, access ramp, new fencing, and a 20x24 garage with updated siding and roof plus a framed room offering additional flexibility. This is a rare turnkey opportunity where the hard work has already been done—simply move in and start running your business, investing, or enjoying the flexibility of downtown mixed-us e living. (id:66681)

Property details

Bedrooms
4
Bathrooms
2
Half baths
1
Year built
1947
Property type
Residential
Building type
Bungalow
Appliances
Oven - Electric, Microwave, Garage door opener, Washer/Dryer Stack-Up, Window/Sleeve Air Conditioner
Parking
Detached Garage, Oversize, Gravel (2)
Zoning
D
MLS®
A2332753
Days on market
8

Location

Listing information last updated 22h ago. Provided by the listing brokeragevia CREA’s DDF®, deemed reliable but not guaranteed accurate.

Mortgage estimate

Estimate only — actual payments depend on your lender, credit, and closing costs. Uses Canadian semi-annual compounding, as required by law, not the US monthly-compounding convention most templates use.

Down payment

$130,000 (20%)

Base loan amount$520,000

$3,171 / month

First payment: $2,352 interest, $819 principal