5218 50 Avenue, Olds

$785,000


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. 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.

Essential Information
MLS® #A1082249
Price$785,000
Bathrooms0.00
Acres0.00
Year Built1952
TypeCommercial
Sub-TypeMixed Use
StatusActive
Community Information
Address5218 50 Avenue
SubdivisionNONE
CityOlds
CountyMountain View County
ProvinceAlberta
Postal CodeT4H 1N4
Amenities
Parking Spaces8
Interior
HeatingBoiler, Natural Gas
Exterior
RoofFlat, See Remarks
ConstructionStucco, Wood Frame
FoundationPoured Concrete
Additional Information
Date ListedMarch 26th, 2021
Days on Market13
ZoningApartment Building , Comm
Listing Details
OfficeROYAL LEPAGE WILDROSE

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