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CAABOlds5120 50 Ave
Listing image | Image 1

5120 50 Ave, Olds, AB

House

For Sale

Listed price in listed location currency (CAD).
$749,900

000

MLS® A2349806

Overview

Key Facts

Type Office
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 5
Lot Size 
Approx. Age 1977
MLS® Number A2349806

Property Address: 5120 50 Ave, Olds, AB, T4H1G9

Average square foot calculated using Size range provided by listing agent.

Description

**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.
MLS® NumberA2349806
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1977
Basement
Driveway
Garage Spaces
HeatCentral, Forced Air, Natural Gas
A/CCentral Air

Extras

All attached furniture, window coverings

Price History

Last Sold Price

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Appreciation

--

Avg. Days Listed

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Today, For Sale for $749,900

For Sale · 5 days

$749,900

MLS® A2349806

5 days ago

Not Sold Yet

October 2026, Withdrawn for $749,900

Withdrawn · 378 days

$749,900

MLS® A2265377

In 24 days

Canceled on Oct 31, 2026

  • Oct 2, 2026, For Sale for $749,900

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