$ 499,000

332 Third Street W, Cochrane

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 considerations, 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 features a bright living room and two comfortable bedrooms on the main floor, while the fully developed lower level adds a third bedroom, a recreation room, and a bar area. Step outside to the backyard that provides a quiet, private setting with no neighbours behind, and a front yard with ample street parking and a private driveway leading to a carport. This property offers the unique potential to renovate, build your dream home, or to re-zone from Residential Low Density (R-LD) to Commercial Historic Downtown (C-HD), opening doors to a multitude of commercial ventures just steps from Cochrane's vibrant core. This lot is located next to C-HD properties, which allows for: Business/Professional/Health Care Offices, Financial/Retail/Child Care/Education Services, Day Home, Eating Establishment, Artist/Fitness Studios, Multi-Unit Dwelling, plus more! THE ADJACENT LOT TO THE EAST IS ALSO AVAILABLE FOR PURCHASE, WHICH WOULD OFFER 13,000 SQ FT OF COMBINED LAND AND 100 FT TOTAL FRONTAGE. DETAILS CAN BE VIEWED ON MLS LISTING #A2347519. 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. (id:1945)
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Property details for 332 Third Street W, Cochrane

Type
Residential
Style
Bungalow
Bedrooms
3
Bathrooms
2
Living Area
792 square feet
Lot Size
603.87
Stories
1
Basement
Finished, Full
Parking
Carport
Heating
Forced air
Cooling
None
Ownership
Freehold
Annual Taxes
$2,385 (2025)

Nearby Listings Stat

Estimated price and comparable properties near 332 Third Street W

Active Listings
8
Min Price
$309,000
Max Price
$632,000
Avg Price
$434,725
Days on Market
48
days
Sold Listings
1
Min Sold Price
$419,900
Max Sold Price
$419,900
Avg Sold Price
$419,900
Days until Sold
60
days

Price History

Listed
September 24, 2026
by Royal LePage Benchmark
Current Price
$499,000
-5.7% from last change
Type
Residential
For Sale
Price Changes
2
Date Price Change
Current $499,000 $30,000 (-5.7%)
Sep 24, 2026 $529,000 $20,000 (-3.6%)
Jul 8, 2026 $549,000 Listed

Contact Agent Get in touch about 332 Third Street W, Cochrane

Ken Morris
Ken Morris
Royal LePage Benchmark