Okotoks Homes for Sale Under $500K | Affordable Real Estate 
Discover a variety of Okotoks homes for sale under $500K, perfect for families, first-time buyers, or those seeking affordable real estate options. With a wide selection of properties, including family-friendly homes in Okotoks under $500,000, you can find your dream home in a vibrant and welcoming community.
Many of these homes are located near parks, schools, and shopping centers, offering the convenience of urban living in a small-town setting. Whether you're searching for starter homes for sale in Okotoks Alberta or modern houses with large backyards, there are plenty of options to suit your needs and lifestyle.
Okotoks real estate under $500,000 includes a mix of charming older homes and newer builds with contemporary designs. Start your home-buying journey today and explore what this dynamic community has to offer.
Contact Diane Richardson
Phone: 403.397.3706
Email: diane@mypadcalgary.com
OKOTOKS, ALBERTA REAL ESTATE SEARCH
Explore a Diverse Selection of Okotoks Homes for Sale - From Condos to High-End Properties
- Entry-level Okotoks condos: These are typically the most affordable condos in the area, and can include smaller units in older buildings. Prices for entry-level condos in Okotoks can start around $150,000 - $300,000.
- Mid-range Okotoks condos: These are typically larger units, with more bedrooms and bathrooms, and can include newer buildings with more amenities. Prices for mid-range condos in Okotoks Condos for sale can range from around $300,000 - $500,000.
- Okotoks Townhomes: These are attached homes that are typically two or three stories tall. They are often a more affordable option than single-family homes and offer a lower maintenance lifestyle.
- Okotoks Entry-level homes: These are typically the most affordable homes in the area, and can include smaller condos, townhouses and single-family homes. Prices for entry-level homes in Okotoks can start around $200,000 - $400,000.
- Okotoks Mid-range homes: These are typically larger homes, with more bedrooms and bathrooms, and can include single-family homes and townhouses. Prices for mid-range homes in Okotoks can range from around $400,000 - $800,000.
- Okotoks Luxury homes: These are the most expensive homes in the area and can include large single-family homes, custom-built homes, and luxury condos. Prices for luxury homes in Okotoks can start around $800,000 and go up to several millions.
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Please be sure to include the property address or MLS® number for the listing you are interested in.
Jul 20, 2025
11:00 AM
-
02:00 PM
MDT
109 Downey Place
Okotoks
T1S 1H3
$700,000
Residential
beds: 4
baths: 3.0
1,822 sq. ft.
built: 1989
Open House
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Jul 20, 2025
11:00 AM
-
02:00 PM
MDT
NOTES: Open House on Sunday, July 20, 2025 11:00AM - 2:00PM
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2240734
- Bedrooms:
- 4
- Bathrooms:
- 3
- Year Built:
- 1989
- Photos (41)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
**OPEN HOUSE SUNDAY July 20th from 11:00 am to 2:00 pm** The Perfect Blend of Flexibility, Function, and Location
This fully developed 4-level split is ideally situated on a quiet outer corner of a cul-de-sac in the highly desirable community of Downey in Okotoks. Just steps from the Recreation Centre and within easy walking distance to schools, parks, and shopping, this home offers unmatched convenience, income potential, and versatile living space for growing families or home-based professionals.
Set on a premium side lot with no neighbours on one side and extra parking, the property offers both exceptional privacy and curb appeal.
Inside, the bright and airy main floor impresses with vaulted ceilings over the open-concept kitchen and living area, creating a warm and inviting atmosphere. The kitchen is an entertainer’s dream with a large island, double ovens, and direct access to a private side deck—ideal for morning coffee or summer BBQs.
Upstairs, the spacious primary bedroom features a full ensuite with steam shower, complemented by two additional bedrooms and a 4-piece main bath.
The lower two levels are currently configured as a self-contained mother-in-law suite with a separate rear entrance (walk-out), cozy living area with fireplace, sink, and laundry—perfect for multi-generational living or as a mortgage-helper rental unit. Prefer to keep the home as one? The layout can easily be opened back up for single-family living.
A dedicated home office or studio with its own private entrance offers an ideal setup for a small business or client-facing workspace, keeping work and home life seamlessly separate.
Step outside to a lush, landscaped backyard with mature trees for shade, a large deck, concrete patio, and gas line for BBQ—perfect for relaxing or entertaining with family and friends.
Additional features include a double attached garage and ample storage throughout. Whether you're looking for flexibility, rental income, work-from-home potential, or simply room for your family to grow, this home delivers. Don't miss your chance—book your private showing today!
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Suite:
- Suite - Illegal
- Home Style:
- 4 Level Split
- Total Living Area:
- 1,822 sq. ft.
- Main Level Finished Area:
- 669 sq. ft.
- Upper Level Finished Area:
- 618 sq. ft.
- Below Grade Finished Area:
- 566 sq. ft.
- Lot Area:
- 5,597 sq. ft.
- Lot Frontage:
- 17'8⅞"
- Front Exposure:
- North
- Levels:
- 4 Level Split
- Total Rooms Above Grade:
- 6
- Year built:
- 1989 (Age: 36)
- Bedrooms:
- 4 (Above Grd: 3)
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 1
- Bathrooms:
- 3.0 (Full:3, Half:0)
- Plan:
- 8111962
- Heating:
- Forced Air
- Basement:
- Finished, Full, Walk-Out To Grade
- Foundation:
- Wood
- New Constr.:
- No
- Construction Material:
- Concrete, Stone, Vinyl Siding, Wood Frame
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- Yes
- Flooring:
- Carpet, Concrete, Linoleum, Vinyl
- Cooling:
- None
- Fireplaces:
- 2
- Fireplace Details:
- Basement, Electric, Gas, Other
- Garage:
- 1
- Garage Spaces:
- 2
- Parking:
- Double Garage Attached, Garage Faces Front, Off Street
- Parking Places:
- 2
- Parking Total/Covered:
- 2 / -
- Laundry Features:
- In Basement
- Downey Ridge
- Dishwasher, Dryer, Garage Control(s), Microwave Hood Fan, Refrigerator, Stove(s), Washer, Water Softener, Window Coverings
- Steam Shower, Shed
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Dining Room
- 18'8" × 9'7"
- Main Floor
- Kitchen
- 15'6" × 14'6"
- Main Floor
- Living Room
- 16'8" × 15'10"
- Upper Level
- Bedroom
- 11'10" × 9'8"
- Upper Level
- Bedroom
- 9'7" × 9'
- Upper Level
- Bedroom - Primary
- 15'9" × 10'9"
- Lower Level
- Bedroom
- 10'11" × 9'8"
- Lower Level
- Family Room
- 18'11" × 16'10"
- Basement
- Laundry
- 13'3" × 6'7"
- Basement
- Game Room
- 28'10" × 22'8"
- Floor
- Ensuite
- Pieces
- Other
- Upper Level
- Yes
- 3
- 7'9" x 4'11"
- Upper Level
- No
- 4
- 5' x 7'11"
- Lower Level
- No
- 3
- 5'6" x 13'4"
- Title to Land:
- Fee Simple
- Community Features:
- Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
- Interior Features:
- Ceiling Fan(s), High Ceilings, Kitchen Island, Open Floorplan, Separate Entrance, Storage, Vaulted Ceiling(s)
- Exterior Features:
- BBQ gas line, Private Yard
- Patio And Porch Features:
- Deck, Pergola
- Lot Features:
- Corner Lot, Cul-De-Sac
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Foothills County
- Zoning:
- R1
- Listed Date:
- Jul 17, 2025
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Main Floor -
Main Floor
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Main Floor
-
Main Floor
-
Main Floor
-
Main Floor
-
Main Floor
-
Main Floor
-
Main Floor
-
Main Level
-
Main Floor
-
Main Level
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Master - Upper Level
-
Master - Upper Level
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Master Bedroom - Upper Level
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Master Ensuite- Upper Level
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Upper Bathroom 4pc
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Bedroom 3 Upper Level
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Bedroom 3 Upper Level
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Bedroom 2 Upper Level
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Bedroom 2 Upper Level
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Lower Level (walkout) Living Room
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Lower Level (walkout) Living Room
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Lower Level (walkout) Living Room
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Lower level 3 pc bathroom
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Lower Level (walkout) business or bed with sink
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Lower Level (walkout) business or bed with sink
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Basement
-
Basement
-
Basement (inlaw suite )
-
Basement
-
Basement (inlaw suite)
-
Basement
-
Basement
-
Corner Lot
-
Photo 36 of 41
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Back entry to 3rd level
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Side - ample street parking
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Backyard
-
Corner Lot
-
Corner Lot
Virtual Tour
Virtual Tour
Listed by CIR Realty
Data was last updated July 20, 2025 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 128
- Avg list price:
- $649,900
- Min list price:
- $235,000
- Max list price:
- $1,595,000
- Avg days on market:
- 32
- Min days on market:
- 1
- Max days on market:
- 320
- Avg price per sq.ft.:
- $393.8
These statistics are generated based on the current listing's property type
and located in
Okotoks. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
