The Opportunity

Overview

Unbeatable Location & Versatile Zoning in Downtown Okotoks! Situated in a high-visibility location in the heart of Okotoks' downtown business district, this commercial property offers exceptional potential. Zoned Downtown District (DD), the site supports a dynamic mix of commercial, retail, office, and residential uses—making it perfect for an owner-user or an ambitious developer looking to redevelop a larger structure option, further enhancing the property's potential. Prime exposure, easy access, excellent surrounding parking, and a thriving local economy. Main floor commercial tenant is on a month-to-month lease, while the second floor is vacant and ready for immediate leasing to maximize rental yield. Rear residential tenant is on a month-to-month basis with a 60-day notice period. Brand new roof shingle replacement in 2025. (id:61970)

Investment highlights

01Business

Property details

Property type: Business
Transaction: Business opportunity
Building area: 1,670 square feet
Site area: 3,121 square feet
Listing brokerage: TREC The Real Estate Company
Listing representative: Larry Tang
Board / association: Calgary

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Financial information

Asking price$675,000

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Location intelligence

20 Mcrae Street
Okotoks, Alberta T1S1Y6

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Documents

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From interest to a decision

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01Clarify what is offered

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Open resource 03Plan property due diligence

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Property diligence resources

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Acquisition criteria workpaperDefine required, preferred and flexible mandate criteria →Property tour and comparison scorecardCompare this opportunity against the real requirement →Phase I environmental site assessmentHistory, records, observations and professional findings →Environmental records and contaminated sitesERV, AER records, certificates and search limitations →Commercial property due diligenceCoordinate every acquisition workstream →Commercial real estate appraisalPurpose, scope, evidence, reliance and report review →Assessment and property taxesAssessment dates, methods, tax allocation and review →Due diligence document requestTitle, permits, environment, leases and operations →Permit and occupancy recordsApplications, inspections, completion and use →Insurance due diligenceProperty facts, loss history, limits and closing →Replacement cost and loss historyReconstruction assumptions, claims and repairs →Building condition assessmentSystems, records and physical findings →Capital expenditure planTiming, cost basis and scenarios →Inspection accessAuthority, testing and deadlines →Alberta title searchParcels, ownership and registrations →Registered interestsCaveats, easements and rights →Survey plans and boundariesPlans, access and occupation →

Source Record

Current listing facts, with attribution intact.

Source: REALTOR.ca DDF®
Listing status: active
Source ID: 30074085
Last supplied (UTC): October 1, 2026
Listing brokerage: TREC The Real Estate Company
Listing representative: Larry Tang
Board / association: Calgary

Commercially preserves the source listing’s brokerage attribution and links back to its REALTOR.ca record. Request information to confirm availability, documents, showing protocol and any facts not present in the supplied record.

Listing brokerage: TREC The Real Estate Company · Listing representative: Larry Tang · Board/association: Calgary · Updated (UTC): Oct 1, 2026

Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.

Business opportunity