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$499,000

332 Third Street W

Downtown, Cochrane, Alberta

3 bed·2 bath·Detached·MLS® A2347518·Listed today

About this home

This charming home sits on a generous 50 x 130 ft lot with exciting redevelopment potential near downtown Cochrane. A fully finished home today, combined with zoning considerations, makes this a compelling opportunity in a high-demand location. This unique property is one of the last remaining of its kind in downtown Cochrane. This character-filled home features a bright living room and two comfortable bedrooms on the main floor, while the fully developed lower level adds a third bedroom, a recreation room, and a bar area. Step outside to the backyard that provides a quiet, private setting with no neighbours behind, and a front yard with ample street parking and a private driveway leading to a carport. This property offers the unique potential to renovate, build your dream home, or to re-zone from Residential Low Density (R-LD) to Commercial Historic Downtown (C-HD), opening doors to a multitude of commercial ventures just steps from Cochrane's vibrant core. This lot is located next to C-HD properties, which allows for: Business/Professional/Health Care Offices, Financial/Retail/Child Care/Education Services, Day Home, Eating Establishment, Artist/Fitness Studios, Multi-Unit Dwelling, plus more! THE ADJACENT LOT TO THE EAST IS ALSO AVAILABLE FOR PURCHASE, WHICH WOULD OFFER 13,000 SQ FT OF COMBINED LAND AND 100 FT TOTAL FRONTAGE. DETAILS CAN BE VIEWED ON MLS LISTING #A2347519. Whether you’re looking to live in, invest, or explore redevelopment possibilities, this property offers flexibility, location, and long-term upside in one of Cochrane’s most desirable areas. (id:66681)

Property details

Bedrooms
3
Bathrooms
2
Half baths
0
Year built
1956
Property type
Residential
Building type
Bungalow
Appliances
Washer, Refrigerator, Gas stove(s), Dishwasher, Dryer, Microwave, Hood Fan
Parking
Carport (2)
Zoning
R-LD
Community
Downtown
MLS®
A2347518
Days on market
0

Location

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Listing information last updated 21h ago. Provided by the listing brokerage via 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

$99,800 (20%)

Base loan amount$399,200

$2,434 / month

First payment: $1,806 interest, $629 principal