This rare five-acre ALH zoned parcel, annexed into town at the east entrance of Okotoks, offers exceptional visibility as you arrive on 48 Street, with elevated topography and sweeping mountain views—an increasingly scarce premium for future commercial or mixed-use development. Positioned directly east of Drake Landing along the paved roadway, the site is surrounded by established schools, commercial services, golf, and residential neighborhoods, creating both immediate demand and long-term growth stability. Offered strictly as land value, the extensively renovated reverse-walkout bungalow adds meaningful holding utility, featuring a bright upper level with a spacious primary bedroom and updated four-piece ensuite, a modern two-piece powder room, a large living room, quartz counters, stainless steel appliances, low-maintenance LVP flooring, and a generous deck capturing the mountain views. The lower walkout level includes a large family room, two additional bedrooms, a full bathroom, a laundry room, two electric fireplaces, and direct access to a concrete patio framed by a retaining wall—ideal for rental income, staff housing or on-site use during planning and approvals. A strategic high-exposure acquisition offering both short-term functionality and significant long-term upside in one of Okotoks’ most active and rapidly expanding corridors.