Data was last updated 2026-01-27 at 11:10:04 GMT
$2,785,000

5505, 5509, 5513, 5517 46 Street   Olds, Alberta

MLS®: A2281010
URL:    
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.
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.

Listing Information

Prop. Type:
Mixed Use (Commercial)
Status:
Active
City:
Olds
Neighbourhood:
NONE
Area:
Mountain View County
Province:
Alberta
MLS® Number:
A2281010
Listing Price:
$2,785,000

General Information

Year Built:
2019

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This property is listed by D.c. & Associates Realty and provided here courtesy of Sam Baker. For more information or to schedule a viewing please contact Sam Baker.
Sam Baker
Re/Max House of Real Esate
Phone: 403287-3880
Mobile Phone: 403-999-9279
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.