5120 50 Avenue, Olds

Living area: 2537 square feet
Type: Commercial
Added: 4 weeks ago
Updated: 1 day ago
Last Checked: 11 hours ago
Listed by: RE/MAX House of Real Estate
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Listing description
This Commercial listing at 5120 50 Avenue Olds, AB with the MLS Number a2242696 listed by Dione Irwin - RE/MAX House of Real Estate on the Olds market 4 weeks ago at $899,900.

Here’s your chance to own a fully leased, stand-alone commercial property right in the vibrant core of Uptown Olds. Spanning 2,537 sq ft, this solid masonry building has been home to a trusted physiotherapy clinic for over two decades. The tenant recently committed to a brand-new 10-year Triple Net lease—complete with a rent increase at the halfway mark—meaning they cover all operating costs, including taxes, insurance, and maintenance. For you, that translates into a dependable, low-maintenance income stream.Inside, the space is bright, welcoming, and impressively well-kept. The layout includes five private treatment rooms, a large open exercise area with two additional treatment spaces, a professional reception and waiting area, an office, file storage, two washrooms (one with a shower), and a laundry room. Comfort is ensured with two newer forced-air furnaces and central air conditioning.Built in 1977 on a slab-on-grade foundation, the property benefits from excellent natural light thanks to its east-facing front and sunny south exposure. The location offers great visibility and is surrounded by other professional services, all within a walkable district. Current lease terms are $21.00/sq ft for years 1–5 and $23.00/sq ft for years 6–10, producing an average net operating income of approximately $60,016 annually. An ideal, hands-off investment with a long-standing, reliable tenant and strong future income potential. (id:1945)

Property Details Key information about 5120 50 Avenue

Cooling: Central air conditioning
Heating:
- Forced air
- Natural gas
- Central heating
Structure Type: Offices
Exterior Features: Brick

Exterior & Lot Features Learn about the exterior and lot specifics of 5120 50 Avenue

Water Source: Municipal water

Utilities & Systems Review utilities and system installations

Sewer: Municipal sewage system

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Nearby Listings Stat Estimated price and comparable properties near 5120 50 Avenue

Active listings

Min Price

$119,000

Max Price

$2,499,000

Avg Price

$620,936

Days on Market

46 days

Sold listings

Min Sold Price

$111,000

Max Sold Price

$1,049,900

Avg Sold Price

$592,118

Days until Sold

83 days

Nearby Places Nearby schools and amenities around 5120 50 Avenue

Olds High School (0.9 km)
4500 50 St, Olds

Granny Jacks (0.1 km)
5303 50 Ave, Olds

Smitty's Restaurant (0.6 km)
4513 52 Ave #18, Olds

Boston Pizza (1 km)
4520 46 St, Olds

Olds College (0.7 km)
4500 50 St, Olds

BEST WESTERN Of Olds (1 km)
4520 46 St, Olds

Ramada (2.2 km)
6700 46 St, Olds

Cam Clark Ford Olds (1 km)
5642 46 St, Olds

Sobeys (1.6 km)
6700 46 St, Olds

Olds (Netook) Airport (7.1 km)
Bowden

Olds-Didsbury Airport (8.7 km)
Didsbury

Price History

Listed

August 8, 2025

by RE/MAX House of Real Estate

Commercial For Sale

$899,900

5120 50 Avenue, Olds

Listing description This Commercial listing at 5120 50 Avenue Olds, AB with the MLS Number a2242696 listed by Dione Irwin - RE/MAX House of Real Estate on the Olds market 4 weeks ago at $899,900.

Nearby Listings Stat Estimated price and comparable properties near 5120 50 Avenue

Nearby Places Nearby schools and amenities around 5120 50 Avenue

Price History

Similar Commercial Listings For Sale

Listing description
This Commercial listing at 5120 50 Avenue Olds, AB with the MLS Number a2242696 listed by Dione Irwin - RE/MAX House of Real Estate on the Olds market 4 weeks ago at $899,900.