5505, 5509, 5513, 5517 46 Street, Olds
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:1945)
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Property details for 5505, 5509, 5513, 5517 46 Street, Olds
- Type
- Commercial
- Living Area
- 5,000 square feet
- Ownership
- Freehold
- Annual Taxes
- $19,331 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 5505, 5509, 5513, 5517 46 Street
Active Listings
60
Min Price
$90,000
Max Price
$3,500,000
Avg Price
$660,483
Days on Market
85
days
Sold Listings
22
Min Sold Price
$110,000
Max Sold Price
$825,000
Avg Sold Price
$480,036
Days until Sold
80
days
Price History
Listed
January 22, 2026
by D.C. & Associates Realty
Current Price
$2,665,000
-4.3% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $2,665,000 | $120,000 (-4.3%) |
| Jul 17, 2026 | $2,785,000 | Listed |
Contact Agent Get in touch about 5505, 5509, 5513, 5517 46 Street, Olds
David Campbell
D.C. & Associates Realty
