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87, 105 Drake Landing Common
homes for sale · Okotoks · Drake Landing
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$400,000

87, 105 Drake Landing Common

Drake Landing, Okotoks · MLS® A2353165

332

1,258 sq ft · 1,785 sq ft lot · Townhouse · Single Family · built 2008 · 5 days on market

listed by Ian Maniego, RE/MAX Complete Realty

realtor's description

Welcome to this beautifully maintained end-unit home in the desirable community of Drake Landing, offering a wonderful combination of style, comfort, and functionality. Situated on a quiet street with no through traffic, this property enjoys a peaceful setting and the added appeal of an end-unit location.Step inside from the spacious front veranda into a bright and inviting main floor, where attractive flooring, modern lighting, and a generously sized living room create a warm and welcoming atmosphere. The well-appointed kitchen features elegant cabinetry, beautiful countertops, stainless steel appliances, a tile backsplash, and a convenient breakfast bar. Just off the kitchen, the spacious dining area overlooks the backyard, providing an ideal setting for everyday meals and entertaining guests.Upstairs, the generous primary bedroom offers dual closets, while a spacious five-piece bathroom, two additional well-proportioned bedrooms, and convenient linen storage complete the upper level.The fully developed basement adds valuable living space, featuring a large family room perfect for movie nights, a home office or den, a three-piece bathroom, laundry facilities, and ample storage.Thoughtfully renovated approximately five years ago, the home features attractive finishes and functional living spaces across all three levels. Its end-unit position offers an additional sense of privacy, while the quiet location adds to its appeal.Whether you're looking for your first home, a place to accommodate a growing family, or a comfortable property with room to work and unwind, this Drake Landing residence offers a fantastic opportunity to enjoy an established community and a home designed for everyday living.

similar homes nearby

property details

type
Townhouse, Single Family
bedrooms
3
bathrooms
3
living area
1,258 sq ft
lot
1,785 sq ft
parking
2
year built
2008
property tax
$2,805 / yr
strata fee
$577 / mo ($0.46 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
5
MLS®
A2353165

features

  • Cul-de-sac
  • Other
  • No Smoking Home
  • Parking
  • Pets Allowed With Restrictions
  • Washer

monthly cost

$2,554/mo
Mortgage $1,743 · Tax $234 · Strata $577

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$1,743/ monthly
loan $320,000
25-year amortization
total interest
$202,828
land title fees
$820
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$80,820
down + land title fees
total paid
$522,828

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent
$2,110/mo
after all costs
−$788/mo
cap rate
2.9%
yearly net rent ÷ price

Costs: mortgage $1,743 · tax $234 · strata $577 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Okotoks: CMHC's average there ($2,039) raised by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Ian Maniego
RE/MAX Complete Realty
call Ian · 587-223-8440
Powered by: REALTOR.ca

location

Drake Landing, OkotoksGoogle Maps ↗

property tax

about $2,724 a year

The asking price times Okotoks's 2026 residential rate of 6.81 per $1,000 (municipal and education).

The listing shows $2,805 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

location

Drake Landing, OkotoksGoogle Maps ↗
Drive times
  • École Beausoleil4 min
  • Foothills Composite High8 min
  • South Health Campus20 min
  • St. Mary's University26 min
  • Downtown Calgary43 min
  • YYC airport49 min
32

Walkability 32/100 · Mostly by car

Within a 10 minute walk: 2 places to eat or drink, 10 parks and playgrounds.

mihom score from OpenStreetMap places, by straight line distance.

nothing comparable on the market right now.