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386243 16 Street W
Beds
4
Baths
2
Sqft
1,572
Year
1985
Type
Single Family
On market
91d
HUGE PRICE IMPROVEMENT! Welcome to your dream retreat, a 4.5-acre equestrian property nestled just 3 minutes outside of Okotoks. This beautiful property offers a perfect blend of rural tranquility and modern comfort, designed for those who cherish the equestrian lifestyle and the beauty of nature. Boasting a spacious bungalow with over 2400 sqft of total living space, 4 bedrooms and 2 full bathrooms, beautiful views, a well-equipped barn w/ loft, detached shop, large grass paddocks, pasture, auto waterers, and an outdoor arena, this property is a haven for horse enthusiasts, families, and anyone seeking a serene country living experience with the convenience of nearby urban amenities. For those with a passion for horses or a hobby farm, this property is nothing short of a dream come true. The expansive 4.5-acre parcel provides ample space for all your equestrian activities. The well-maintained barn is equipped with everything you need to care for your horses, including spacious stalls, tack room, and feed storage. Whether you’re an experienced rider or just starting your equestrian journey, the outdoor arena offers a perfect space for training, riding, and honing your skills. Imagine waking up each morning to the sight of your horses grazing in the pasture, ready for a day of riding and training in your very own outdoor arena. The barn’s thoughtful design ensures that your horses are comfortable and well-cared for, with plenty of ventilation, water, electricity, natural light, and easy access to the outdoor spaces. Families seeking a spacious and comfortable home will find this bungalow to be a perfect fit. With four generously sized bedrooms and two full bathrooms, there’s plenty of room for everyone to enjoy their own space. The large NEW windows throughout the home offer stunning views of the surrounding countryside all around, bringing the beauty of nature indoors. The master suite is a nice retreat, featuring a spacious bedroom, a walk-in closet, and views to t he North. The additional three bedrooms are perfect for children, guests, or even a home office. The well-appointed kitchen is a chef’s delight, ample counter space, and plenty of storage. The adjoining dining area is perfect for family meals, with large windows offering gorgeous views of the foothills and picturesque countryside. Outside, the bungalow is surrounded by nature and open spaces, providing a peaceful setting for relaxation and outdoor activities. The expansive deck is perfect for summer barbecues, morning coffee, or simply enjoying the stunning Alberta sunsets. With 4.5 acres of land at your disposal, there’s plenty of room for children to play, pets to roam, and even the possibility of adding a pool or additional outdoor living spaces. One of the most appealing aspects of this property is its location! Situated just literally seconds from Okotoks, you’ll enjoy the best of both worlds! Schedule your viewing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.00 Ft x 12.17 Ft | |
| Bedroom | 12.58 Ft x 11.58 Ft | |
| Recreational, Games room | 15.08 Ft x 29.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 10.42 Ft x 4.92 Ft | |
| 4pc Bathroom | 7.17 Ft x 4.92 Ft | |
| Bedroom | 9.92 Ft x 13.58 Ft | |
| Dining room | 10.75 Ft x 16.50 Ft | |
| Kitchen | 15.08 Ft x 9.92 Ft | |
| Laundry room | 6.17 Ft x 10.08 Ft | |
| Living room | 19.50 Ft x 16.50 Ft | |
| Other | 8.92 Ft x 12.75 Ft | |
| Primary Bedroom | 17.42 Ft x 13.58 Ft |
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
-0.81%
Cap rate
4.70%
GRM
13.9
Break-even rent
$6,756
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 5, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Foothills County. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.