5505, 5509, 5513, 5517 46 ST, Olds, AB T4H 1H5
5505, 5509, 5513, 5517 46 ST, Olds, AB T4H 1H5
5505, 5509, 5513, 5517 46 ST, Olds, AB T4H 1H5
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Joanna Wood

Joanna Wood

+1(403) 836-4442
$2,785,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS® Listing ID A2281010

Year Built 2019

Annual Tax Amount $19,331

Tax Year 2025

Property Sub-Type Mixed Use

Source Calgary

Property Description

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.

Location

Province AB

County Mountain View County

Zoning IND - Highway Commercial

Interior

Inclusions All Appliances and equipment located at the property and owned by the Seller. List to be supplied during due diligence.

Others

Restrictions None Known

Ownership Private

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Listed by D.C. & Associates Realty

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Joanna Wood
Joanna Wood

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5505, 5509, 5513, 5517 46 ST

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