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. (id:54406)
| Bathroom Total | 2 | Bedrooms Above Ground | 1 |
| Bedrooms Below Ground | 1 | Bedrooms Total | 2 |
| Amperage | 100 Amp Service | Appliances | Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave |
| Architectural Style | Bungalow | Basement Development | Partially Finished |
| Basement Type | Partial (partially Finished) | Constructed Date | 1950 |
| Construction Style Attachment | Detached | Cooling Type | None |
| Exterior Finish | Stucco | Fire Protection | Smoke Detectors |
| Flooring Type | Laminate, Linoleum | Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas | Heating Type | Forced Air |
| Stories Total | 1 | Size Interior | 636 Sqft |
| Total Finished Area | 635.74 Sqft | Type | House |
| Utility Power | 100 Amp Service |
| Oversize | |
| Tandem | |
| Detached Garage | 3 |
| Acreage | No | Fence Type | Partially Fenced |
| Land Amenities | Schools, Shopping | Size Depth | 85.46 M |
| Size Frontage | 25.87 M | Size Irregular | 2210.80 |
| Size Total | 2210.8 M2|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) | Size Total Text | 2210.8 M2|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) |
| Zoning Description | R3 |
| Level | Type | Dimensions |
|---|---|---|
| Basement | 3pc Bathroom | Measurements not available |
| Basement | Bedroom | 7.75 Ft x 7.08 Ft |
| Basement | Furnace | 6.08 Ft x 5.75 Ft |
| Main Level | 4pc Bathroom | Measurements not available |
| Main Level | Bedroom | 8.00 Ft x 10.25 Ft |
| Main Level | Kitchen | 13.42 Ft x 16.17 Ft |
| Main Level | Living Room | 13.50 Ft x 13.17 Ft |
| Main Level | Other | 9.25 Ft x 9.50 Ft |
