5120 50 Avenue, Olds
**JUST REDUCED**Here’s your chance to own a fully leased, non condo commercial property right in the vibrant core of Uptown Olds. Spanning 2703 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 three forced-air furnaces and central air conditioning that have been regularly maintained.Built 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 average of approximately $60,016 annually. An ideal, hands-off investment with a long-standing, reliable tenant and strong future income potential. Solid tenant already in place with a long lease, and positive cash flow. (id:1945)
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Property details for 5120 50 Avenue, Olds
- Type
- Commercial
- Living Area
- 2,703 square feet
- Heating
- Forced air, Natural gas, Central heating
- Cooling
- Central air conditioning
- Exterior
- Brick
- Annual Taxes
- $4,037 (2024)
Nearby Listings Stat
Estimated price and comparable properties near 5120 50 Avenue
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
October 6, 2026
by The Real Estate District
Current Price
$749,900
-6.1% from last change
Type
Commercial
For Sale
Price Changes
2
| Date | Price | Change |
|---|---|---|
| Current | $749,900 | $49,100 (-6.1%) |
| Sep 11, 2026 | $799,000 | $100,900 (-11.2%) |
| Aug 1, 2026 | $899,900 | Listed |
