For Sale

$785,000.00

5218 50 Avenue, Olds, AB T4H 1N4

Remarks

Rare Opportunity to Purchase a building with a great revenue stream already in place with opportunity to increase you revenue. The property located in the Uptowne area of Olds has numerous revenue sources. The main floor includes FIVE separate office spaces PLUS a 1100+ sq ft apartment. Current owner occupies the main floor apartment Plus two of the office spaces. Three of the office spaces are rented with long term tenants. Downstairs is an additional revenue stream with Four suites all are currently rented with some rented to long term tenants. Outside the building is a THREE bay heated detached garage with each bay separated. The building has been very well maintained with new roof in the last six years, vinyl windows, boiler system is serviced every year. Beautiful hardwood flooring thru out the building. A new owner could live in the main level apartment and work from one of the five office spaces. The lower level apartments include 3-One bedroom units and One Studio Unit . All are currently leased. Outside you will find a three bay 30'x36' detached garage with one of the bay fitted as fitness studio complete with mirrors , rubber mat flooring and 3 piece bath with walk in shower. The garage is heated with in floor heat. Tenants enjoy paved parking spaces with plug in's. Fenced courtyard for tenants. Take a virtual tour of this amazing building to view.

Inclusions:

Six Fridges, Five Stoves, One Built in Dishwasher, Garden Shed, Auto Garage Door Opener for Bay 2 , Garage Door Opener Bay 3Washer and Dryer (downstairs)

Property Summary

  • Floor Space (approx): 2400.00 Square Feet
  • Built in: 1952
  • Zoning: Apartment Building , Comm

Property Features:

  • Property Access:
    Back Alley Access , On Major Traffic Route , Paved Road
  • Construction Materials:
    Stucco , Wood Frame
  • Cooling:
    None
  • Foundation Details:
    Poured Concrete
  • Heating:
    Boiler , Natural Gas
  • Roof:
    Flat , See Remarks
Map
Neighbourhood Info
Agent

Mary Jane Harper

Associate

Phone: 403.556.6500

Cell: 403.556.0964

Agent

Merrell Dickie

Broker/Owner

Phone: 403.556.6500

Cell: 403.559.8377

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