Welcome to this one of a kind home located on the highly coveted Elma Street in Okotoks! Sitting on not one, not two, but three lots! Designed with your comfort in mind, the brand new Tiny Home legal suite attached to the double detached garage boasts a roomy bedroom, a modern bathroom, a cozy living room, a fully-equipped kitchen, in-floor heating and a private laundry area. The Tiny Home legal suite is also equipped with high vaulted ceilings that give the space a luxurious feel. You can relax and unwind on the covered porch, enjoying the fresh air and sunshine. Additionally, there is a gas line set up for an optional BBQ, making outdoor cooking and entertaining a breeze. The brand new double detached garage has an oversized door and is equip with a rough-in for a future heater. In addition, the property also offers four extra off-street parking spaces in the back, making it convenient for residents and guests alike to park their vehicles. The downtown district zoning in this area is truly unique, offering a diverse range of possibilities for those seeking to make use of the available spaces. Whether you are looking for a place to call home, or a location for your business, you will find ample opportunities here. For a savvy investor, this means that you can enjoy a variety of different income streams, including using the home as a residential dwelling, commercial space, or even the Tiny Home legal suite for renting on Airbnb. The opportunities are endless and for you to take advantage of! The backyard of this property boasts of a sunny south-facing exposure, providing ample natural light and warmth throughout the day. It comes with a spacious deck that is perfect for outdoor lounging and entertainment, a covered patio for shade during hot summer days, a storage shed for keeping tools and equipment, a garden space for cultivating fresh produce or flowers, and a full fence that ensures privacy. As you approach the property, a picturesque white picket fence welcomes you inside. This character home features a bungalow style layout with a lofted flex space currently utilized as a home office. The main floor has 2 spacious bedrooms, a bright 4pc bathroom, living room with ample space to accommodate a variety of furniture options & a dining room that is surrounded by windows and a vaulted ceiling. The kitchen has timeless dark cabinets, stainless steel appliances & a butcher block counter top. The fully finished walkout basement features a wet bar, open space with LVP flooring & a 4pc bathroom. Located just a few steps away from downtown, this property offers easy access to a wide range of entertainment options, shops, restaurants, and other amenities. Breathe in the fresh mountain air as you take in the beauty of the scenic Sheep River pathways that are just a short walk away. One of the most notable improvements is a brand new electrical panel, spray foam in attic & water softener.