4829 54 Street, Olds, Alberta, T4H 1G3
4829 54 Street, Olds, Alberta, T4H 1G3
NONE, Olds
- $349,000
- $349,000
- A2285667
- 2
- 2
- 635.74
- 0.55
- 1950
Property Description
Investors and small-scale developers, this is a strategic holding and redevelopment opportunity in one of Central Alberta’s most stable rental markets.
This 0.546 acre parcel is zoned R3 (Multi-Residential District), allowing for higher-density residential development such as a 4-plex or larger multi-unit project (subject to Town approval). Lots of this size, with this zoning, and this proximity to amenities are increasingly difficult to find within town limits.
The property is ideally positioned less than 1 km walking distance to both Olds College and Uptown Olds. Olds College is a major local employer and regional draw, supporting consistent rental demand from students, faculty, and service-sector employees. Uptown Olds provides grocery, banking, restaurants, and professional services — making this a true walkable location for future tenants.
The existing 1950 home includes 1 bedroom and 1 bathroom on the main floor, plus an additional bedroom and bathroom in the basement, along with garage space equivalent to a 4-car garage. This allows a purchaser to obtain conventional financing and generate immediate rental income while planning a phased redevelopment strategy.
Olds continues to demonstrate steady population growth, full municipal servicing, and historically low vacancy rates compared to many rural Alberta communities. For investors, this translates into dependable rental absorption and long-term development viability.
Hold for cash flow. Develop for scale. Or secure the land today while options remain open.
Property Details
-
Property Type Detached, Residential
-
MLS Number A2285667
-
Property Size 635.74 sqft
-
Bedrooms 2
-
Bathrooms 2
-
Garage 1
-
Year Built 1950
-
Property Status Active
-
Parking 6
-
Brokerage name CIR Realty
Features & Amenities
- 220 Volt Wiring
- Alley Access
- Asphalt Shingle
- Bungalow
- Deck
- Dishwasher
- Drive Through
- Dryer
- Electric Stove
- Forced Air
- Garage Door Opener
- Garage Faces Front
- Insulated
- Laminate Counters
- Microwave
- Natural Gas
- Oversized
- Partial
- Private Yard
- Refrigerator
- Schools Nearby
- Shopping Nearby
- Side by Side
- Sidewalks
- Street Lights
- Sump Pump s
- Tandem
- Triple Garage Detached
- Washer
- Workshop in Garage
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