$2,785,000
FOR SALE

Commercial/Retail

5505, 5509, 5513, 5517 46 Street
Olds, AB T4H 1H5

A rare and compelling Highway 27 opportunity in the Town of Olds. This offering comprises four civic addresses across two titles, with three properties consolidated on a single title, creating a unique and flexible commercial assemblage with both immediate income and long-term redevelopment upside.Prominently fronting Olds’ primary east–west commercial corridor, the property benefits from excellent visibility, strong traffic exposure, rear lane access, and a mix of established uses. The commercial components are leased on a triple-net basis, providing stable income with minimal management, while the residential component contributes additional holding revenue. The commercial space includes a Mr. Mike’s Steakhouse location, a nationally recognized Canadian casual-dining.The majority of the site is zoned Commercial General District (CGD), supporting a wide range of highway-oriented commercial, retail, service, and mixed-use opportunities. A portion of the property is zoned Traditional Neighborhood District (RTD) and is directly adjacent to CGD lands, presenting a logical future rezoning opportunity subject to Town approval. This mixed zoning configuration is typical of evolving commercial corridors and offers meaningful flexibility for phased redevelopment.Whether held as an income-producing investment, repositioned over time, or assembled for future redevelopment, this property offers a rare combination of scale, frontage, zoning diversity, and title consolidation in a growing regional market. Opportunities of this nature along Highway 27 are increasingly scarce.An ideal acquisition for investors and developers seeking exposure to Olds’ main commercial corridor with both cash flow today and upside tomorrow. (id:47421)
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Listed By D.C. & Associates Realty
Data Provided By Calgary Real Estate Board
MLS® Listing Number A2281010
Last Updated Jan 30, 2026
Property Summary
Property Type Commercial/Retail

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Price History

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Detailed Information
Listing Contract Date 2026-01-22
Municipal ID T769087044
Ownership Type Freehold
Plan 1311439
Property Type Other
Transaction Type For sale
Zoning Description IND - Highway Commercial
Building
Constructed Date 2019
Size (Exterior) 5000 square feet
Total Finished Area 5000 sqft
Type Commercial Mix
Land
Total Size Unknown

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