5120 50 AVE, Olds, AB T4H 1A5
5120 50 AVE, Olds, AB T4H 1A5
5120 50 AVE, Olds, AB T4H 1A5
5120 50 AVE, Olds, AB T4H 1A5
5120 50 AVE, Olds, AB T4H 1A5
5120 50 AVE, Olds, AB T4H 1A5
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$ 899,900
Est. payment | /mo

$ 899,900
Est. payment | /mo

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS® Listing ID A2265377

Year Built 1977

Annual Tax Amount $4,037

Tax Year 2024

Property Sub-Type Office

Source Calgary

Property Description

Here's your chance to own a fully leased, stand-alone 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 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. Solid tenant already in place with a long lease, and positive cash flow.

Location

Province AB

County Mountain View County

Zoning C1

Interior

Heating Central, Forced Air, Natural Gas

Cooling Central Air

Inclusions All attached furniture, window coverings

Exterior

Utilities Available Cable Connected, Electricity Connected, Natural Gas Available, Fiber Optics Available, Phone Connected, Sewer Connected, Water Connected

Roof Type Flat Torch Membrane,Flat,Tar/Gravel

Building

Lot Description Back Lane, City Lot, Corner Lot, Level, Paved, Street Lighting

Foundation Poured Concrete

Sewer Public Sewer

Water Public

Structure Type Brick,Masonite

Others

Restrictions None Known

Tax ID 103680389

Ownership Private

Virtual Tour https://youtube.com/shorts/01-xHGV6b78?feature=share

Listed by The Real Estate District

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5120 50 AVE