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4 Drake Landing Gate
Beds
4
Baths
4 full + 1 half
Sqft
2,182
Year
2009
Type
Single Family
On market
67d
Welcome to Drake Landing, one of Okotoks’ most loved family communities, where scenic pathways, a nearby dog park, schools, and everyday amenities are all just moments from your door. Set on a quiet street with fantastic neighbours, this beautifully maintained and thoughtfully updated 2 storey home offers the space, comfort, and setting that today’s buyers are looking for with almost 3000sqft of fully developed living space. The main floor features a bright, open layout with soaring 9 ft ceilings, a private front office or den, and a sun-filled dining area that opens onto the backyard, making it ideal for both everyday living and entertaining. The kitchen is designed to impress with stone countertops, a large island, stainless steel appliances, a pantry, and an abundance of cabinet space, while the inviting living room is anchored by a cozy stone gas fireplace with classic mantle detail. Rich flooring throughout the main level adds warmth and character, and the overall layout feels both functional and welcoming. Upstairs, the spacious bonus room provides an ideal second living area for movie nights, kids’ play space, or a relaxing family retreat. The generous primary suite offers a true escape with a beautifully appointed 5-piece ensuite featuring a soaker tub, while two additional well-sized bedrooms and a large walk-in linen closet provide excellent space and storage for a growing family. The fully finished basement adds even more versatility with a comfortable entertainment area, a large fourth bedroom, and a 4-piece bathroom, creating the perfect setup for guests, teens, or extended family. Outside, the huge, treed backyard is private, fully fenced, and landscaped, with a gorgeous stamped concrete patio and BBQ gas line ready for summer evenings and weekend gatherings. The oversized insulated double garage with man door that leads to a small fenced dog -run area adds everyday convenience, while major recent upgrades bring peace of mind, including CENTRAL AC INST ALLED IN 2025, a NEW FURNACE in 2024, a NEW TANKLESS HOTWATER HEATER, and NEW CARPETS JUST INSTALLED THROUGHOUT. With access to endless walking and biking paths and all the lifestyle benefits that make Drake Landing so desirable, this is a warm, inviting, move-in ready home your family can enjoy for years to come. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 21.67 Ft x 177.25 Ft | |
| Media | 13.67 Ft x 14.00 Ft | |
| Bedroom | 10.83 Ft x 15.08 Ft | |
| Furnace | 10.33 Ft x 8.50 Ft | |
| 4pc Bathroom | 4.83 Ft x 9.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.50 Ft x 14.00 Ft | |
| Kitchen | 14.50 Ft x 22.17 Ft | |
| Dining room | 7.92 Ft x 9.92 Ft | |
| Office | 10.92 Ft x 9.92 Ft | |
| Laundry room | 7.75 Ft x 8.67 Ft | |
| 2pc Bathroom | 4.92 Ft x 6.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 14.33 Ft x 13.42 Ft | |
| Bedroom | 11.92 Ft x 9.92 Ft | |
| Bedroom | 10.92 Ft x 9.83 Ft | |
| Bonus Room | 14.33 Ft x 16.42 Ft | |
| 4pc Bathroom | 10.33 Ft x 9.08 Ft | |
| 4pc Bathroom | 4.83 Ft x 8.42 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
-1.01%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,632
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 9, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Okotoks. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.