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206 Stockton Avenue
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Okotoks · Business · under $1,050,000. Alerts only send when there are new or meaningfully updated matching homes.
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Rare opportunity to own a stand-alone commercial building in the heart of Okotoks’ industrial area, offering both immediate income and future upside. Situated on a 0.31 acre fenced lot, the property features five parking stalls out front plus ample additional parking behind the building, adding flexibility for staff, customers, or operational use. With excellent access to downtown Okotoks, the business park, and Highway 2, this is a highly accessible location for a wide range of commercial users.The building is configured into two separate units, creating a strong opportunity for investors or owner-users looking to offset occupancy costs with rental income. Unit A offers over 3,000 sq. ft. and is ready for a new business, presenting immediate lease-up potential. This unit includes a spacious front retail or showroom area, private office, board room, kitchen, bathroom, and a large rear warehouse with a second bathroom and over 500 sq. ft. of mezzanine space. The flexible layout is well suited to a variety of business types and offers the ability to generate additional income right away.Unit B offers nearly 1,000 sq. ft. of commercial space and is leased to a successful veterinary business with approximately four years remaining on the current lease, providing stable income from an established tenant. This unit includes two bathrooms and a staff area with kitchen space in the back.Well maintained with updates completed throughout the years, including a rooftop renovation last year, this property offers a compelling mix of existing revenue, leasing potential, and functional space in one of Okotoks’ key industrial locations. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.58%
Cap rate
3.55%
GRM
16.7
Break-even rent
$5,846
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 6, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
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