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5218 50 Avenue Olds, AB
$ 785,000
Property Attributes
  • ID#A1082249
  • TypeSingle Family
  • CityOlds
  • Postal CodeT4H 1N4
  • Style
  • Price$ 785,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2400
Listing Provided Courtesy Of:
Data Source:
Canadian Real Estate Association
Property Description

Rare Opportunity to Purchase a building with a great revenue stream already in place with opportunity to increase you revenue. The property located in the Uptowne area of Olds has numerous revenue sources. The main floor includes FIVE separate office spaces PLUS a 1100+ sq ft apartment. Current owner occupies the main floor apartment Plus two of the office spaces. Three of the office spaces are rented with long term tenants. Downstairs is an additional revenue stream with Four suites all are currently rented with some rented to long term tenants. Outside the building is a THREE bay heated detached garage with each bay separated. The building has been very well maintained with new roof in the last six years, vinyl windows, boiler system is serviced every year. Beautiful hardwood flooring thru out the building. A new owner could live in the main level apartment and work from one of the five office spaces. The lower level apartments include 3-One bedroom units and One Studio Unit . All are currently leased. Outside you will find a three bay 30'x36' detached garage with one of the bay fitted as fitness studio complete with mirrors , rubber mat flooring and 3 piece bath with walk in shower. The garage is heated with in floor heat. Tenants enjoy paved parking spaces with plug in's. Fenced courtyard for tenants. Take a virtual tour of this amazing building to view. (id:7434)

General Features

Building Cooling Type None
Building Type Residential Commercial Mix
Features Back lane, Level
Foundation Type Poured Concrete
More Information Link
Property Type Other
Road Type Paved road
Zoning Description Apartment Building, Commercial

Interior Features

Basement Type Unknown
Building Fireplace Present False
Building Heating Fuel Natural gas
Construction Material Wood frame

Exterior Features

Exterior Finish Stucco
Landscape Features Landscaped
Parking Space Total 8


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in T4H 1N4

AVG $790K
AVG 11
Year Built
AVG 1952