332 Third Street W, Cochrane photo 1 of 131 / 13
DetachedActive

Downtown · Cochrane

332 Third Street W, Cochrane

$499,000

Downtown, Cochrane, Alberta T4C1Z6 · MLS® A2347518

3
Bedrooms
2
Bathrooms
792
Sq ft above grade

+754 below

$630
Per sq ft

About This Property

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.

Property Details

Interior

Bedrooms
3
Bathrooms
2 full
Rooms above grade
4
Above grade
792 sq ft
Main level
792 sq ft
Finished below grade
754 sq ft
Total finished
1,545 sq ft
Basement
Full · Finished
Laundry
In Basement

Interior features

  • Built-in Features
  • Laminate Counters
  • Storage

Flooring

  • Carpet
  • Linoleum

Building

Property type
Detached
Structure
House
Style
Bungalow
Levels
One
Year built
1956
Front exposure
S
Unit exposure
S

Construction

  • Wood Frame

Roof

  • Asphalt Shingle

Foundation

  • Block

Heating, cooling & services

Heating
Forced Air
Cooling
None

Parking

Garage
None
Parking
Attached Carport
Total parking
2 spaces

Lot & outdoors

Lot size
6,500 sq ft
Acreage
0.15 acres
Frontage
50 ft
Fencing
Partial

Lot features

  • Few Trees
  • Gentle Sloping
  • Lawn

Outdoor living

  • Front Porch

In the community

  • Schools Nearby
  • Shopping Nearby
  • Sidewalks
  • Street Lights

Costs & ownership

Annual property tax
$2,385 (2025)
Title
Fee Simple
Ownership
Private
Zoning
R-LD
Restrictions
None Known

Listing & availability

MLS® number
A2347518
Listed
Sep 23, 2026
Days on market
2
Possession
15 Days / Neg
Listing office
Royal LePage Benchmark

Included in the sale

Appliances: Dishwasher, Dryer, Gas Stove, Microwave, Range Hood, Refrigerator, Washer

Other inclusions: Downstairs Refrigerator, Freezer

Inclusions are as advertised by the listing brokerage and are confirmed in the purchase contract, not here.

Selling

Thinking of listing your home?

Need to sell to buy this one, or just want a real number? Stephen prepares a free evaluation that accounts for lot, finishes, and current activity in your community.

Request a free evaluation