Don't miss out on this rare opportunity! Exquisite vintage home on historic Elma Street complete with fully detached legal self-contained one bedroom suite/apartment, ideal for supplemental revenue income. The 545 sq. ft. custom built legal suite is ideal as a residential rental, mother-in-law accommodation, or potential for business use. This exclusive property exudes character and charm, and is situated in Okotoks' most desirable heritage neighborhoods. Zoned DOWNTOWN DISTRICT with numerous options for residential or discretionary business/commercial uses. Built in 1911, this stately home sits proudly on a large 65 x 115 ft. lot, surrounded by towering mature trees with landscaped and fenced yard (fence replaced in 2020). Spacious back yard features large patio, gazebo, and quaint outdoor sitting area with fireplace offering a private, peaceful oasis. Detached self-contained 545 sq. ft. legal suite adjoins the double garage (double size with single door), and offers a great option for extra income. Front driveway offers RV parking space or off-street parking. This outstanding home features 2,056 sq. ft. of living space, loaded with period features, original millwork and wood flooring. Interior design features a functional floor plan, high ceilings, 3 bedrooms, 2 1/2 baths, updated windows (which will be completed in June/21). Several updates through the years including kitchen, bathrooms, paint, some flooring, fencing and recently updated windows. Main floor features formal dining room (flex room), kitchen with breakfast bar, living room, sunroom (flex room), and 3-piece bath. Front porch and spacious back entrance/mud room. Upper level features 3 spacious bedrooms and 4-piece bathroom. 3rd upper level is an ideal space for another bedroom, play room, office, or family area with new vinyl plank flooring. Basement is partially finished with 2-piece bath, laundry and utility room. Enjoy beautiful Elma Street with its quaint shops and friendly downtown neighborhood.