Space
Finished area and layout
- Living Area
- 5,000 sqft
- Above Grade
- 5,000 sqft
- Finished Breakdown
- Above 5,000 sqft
- Building Area
- 5,000 sqft
+20 more
5,000 sqft
Living Area
2019
Year Built
Property Snapshot
Key details for this listing
MLS #A2281010
Property
Type, style and structure
- Type
- other
- Style
- other / Detached
- Ownership
About This Property
This other in Olds offers 5,000 sqft of living area. Built in 2019.
MLS Remarks
A rare and compelling Highway 27 opportunity in the Town of Olds. This offering comprises four civic addresses across two titles, with three properties consolidated on a single title, creating a unique and flexible commercial assemblage with both immediate income and long-term redevelopment upside.Prominently fronting Olds’ primary east–west commercial corridor, the property benefits from excellent visibility, strong traffic exposure, rear lane access, and a mix of established uses. The commercial components are leased on a triple-net basis, providing stable income with minimal management, while the residential component contributes additional holding revenue. The commercial space includes a Mr. Mike’s Steakhouse location, a nationally recognized Canadian casual-dining.The majority of the site is zoned Commercial General District (CGD), supporting a wide range of highway-oriented commercial, retail, service, and mixed-use opportunities. A portion of the property is zoned Traditional Neighborhood District (RTD) and is directly adjacent to CGD lands, presenting a logical future rezoning opportunity subject to Town approval. This mixed zoning configuration is typical of evolving commercial corridors and offers meaningful flexibility for phased redevelopment.Whether held as an income-producing investment, repositioned over time, or assembled for future redevelopment, this property offers a rare combination of scale, frontage, zoning diversity, and title consolidation in a growing regional market. Opportunities of this nature along Highway 27 are increasingly scarce.An ideal acquisition for investors and developers seeking exposure to Olds’ main commercial corridor with both cash flow today and upside tomorrow. (id:60351)
Full Listing Details
Address5505, 5509, 5513, 5517 46 Street
MLS#A2281010
Listing StatusActive
Property TypeOther
TransactionSale
Days on Market277
Common InterestFreehold
Annual Tax$19,331 (2025)
Structure TypeCommercial Mix
StyleDetached
Year Built2019
Living Area5,000 sqft
Above Grade Area5,000 sqft
CityOlds
ProvinceAlberta
Postal CodeT4H1H5
Zoning DetailsIND - Highway Commercial
Annual Tax$19,331 (2025)
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