332 Third Street WCochraneAlbertaT4C1Z6

This charming home sits on a generous 50 x 130 ft lot with exciting redevelopment potential near downtown Cochrane. A fully finished home today, combined with zoning consideration and the option to assemble with the neighbouring lot, makes this a compelling opportunity in a high-demand location. This unique property is one of the last remaining of its kind in downtown Cochrane.This character-filled home has been lovingly maintained over the years and remains move-in ready for its next chapter. The main level features a bright living room and two comfortable bedrooms, while the fully developed lower level adds a third bedroom, a recreation room, and a bar area—offering flexible space for everyday living or entertaining.The property includes street parking along with a private driveway leading to a carport, and the backyard provides a quiet, private setting with no neighbours behind. The 50 x 130 ft lot offers ample outdoor space today and strong future potential.Currently zoned R-LD (Residential Low Density), the property is located directly next to parcels with C-HD (Commercial Historic Downtown) zoning. The adjacent lot of equal size is also available, and the seller has expressed a preference to sell both together, creating a larger land assembly opportunity. Buyers are encouraged to consult with the Town of Cochrane regarding possible rezoning options, which could allow for a wide range of residential or commercial uses.Whether you’re looking to live in, invest, or explore redevelopment possibilities, this property offers flexibility, location, and long-term upside in one of Cochrane’s most desirable areas. The garage lot on the East side of this home is also for sale MLS A2318094. (id:58665)

Listing Details

Property Details

Full Address:
332 Third Street West, Cochrane, Alberta
Price:
$ 549,000
MLS Number:
A2318121
List Date:
June 5th, 2026
Neighbourhood:
Downtown
Lot Size:
603.87 square meters
Year Built:
1956
Taxes:
$ 2,385
Listing Tax Year:
2025

Interior Features

Bedrooms:
3
Total Bathrooms:
2
Appliances:
Refrigerator, Gas stove(s), Dishwasher, Microwave, Hood Fan, Washer & Dryer
Flooring:
Carpeted, Linoleum
Air Conditioning:
None
Heating:
Forced air
Basement:
Finished, Full

Building Features

Architectural Style:
Bungalow
Storeys:
1
Foundation:
Block
Garage:
Carport
Garage Spaces:
2
Ownership Type:
Freehold
Legal Description (Lot):
8
Taxes:
$ 2,385

Floors

Finished Area:
792 sq.ft.
Main Floor:
792 sq.ft.

Land

Lot Size:
603.87 square meters

Neighbourhood Features

Ratings

Commercial Info

About The Area

Area Description

Downtown

Downtown Fort McMurray, also known as Lower Town Site, is the heart of this never stopping town. Highway 63 runs along the west side, with access to the north end of Fort McMurray and the Oil Sand sites. Living in the center of Fort McMurray puts you in the hustle and bustle of this thriving downtown community. Plus, you'll enjoy all of the major amenities within minutes of your home.

The living choices in the downtown are widely spread. First, you'll find condos with underground parking. Then you might look for townhomes with attached garages or assigned parking. Finally, you can also view single family homes with driveways or garages. There are options to live on the main street, or just off to the side where you can still have your quite small neighbourhood feel with the luxury of zero commuting to the downtown area. With multitude of options in the downtown area we will be able to give you many choices for your new home.

The downtown area offers all kinds of dining options, varying from fast food to 5-star dining experiences. There are many shopping malls; including Peter Pond Mall, River City Centre and Plaza 1. Residents enjoy many well-known stores and small local boutiques as well. You will only be seconds away from a world class recreational facility, MacDonald Island Park, which offers every type of sport and wellness class to sooth the soul. There are also many parks and walking trails, along the east side of the downtown, which is situated along the Clearwater River, giving the neighbourhood a very picturesque look and feel.

Three schools, including Keyano College, serve the downtown area. The downtown community also enjoys large playgrounds, tennis courts, soccer fields, and baseball diamonds.

Learn More About Downtown

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Walkscore

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