Active

$899,900

5120 50 Avenue

Olds

MLS® #A2265377

  • 2,703 Sqft
  • Built 1977
  • Business
  • ✓ Air Conditioning
  • ✓ Spacious Layout

Here’s your chance to own a fully leased, stand-alone commercial property right in the vibrant core of Uptown Olds. Spanning 2703 sq ft, this solid masonry building has been home to a trusted physiotherapy clinic for over two decades. The tenant recently committed to a brand-new 10-year Triple Net lease—complete with a rent increase at the halfway mark—meaning they cover all operating costs, including taxes, insurance, and maintenance. For you, that translates into a dependable, low-maintenance income stream.Inside, the space is bright, welcoming, and impressively well-kept. The layout includes five private treatment rooms, a large open exercise area with two additional treatment spaces, a professional reception and waiting area, an office, file storage, two washrooms (one with a shower), and a laundry room. Comfort is ensured with three forced-air furnaces and central air conditioning that have been regularly maintained.Built in 1977 on a slab-on-grade foundation, the property benefits from excellent natural light thanks to its east-facing front and sunny south exposure. The location offers great visibility and is surrounded by other professional services, all within a walkable district. Current lease terms are $21.00/sq ft for years 1–5 and $23.00/sq ft for years 6–10, producing an average net operating income of approximately $60,016 annually. An ideal, hands-off investment with a long-standing, reliable tenant and strong future income potential. Solid tenant already in place with a long lease, and positive cash flow. (id:66619)

Features

Interior

2,703 sqft

Heating

Forced air, Natural gas, Central heating

Cooling

Central air conditioning

Year Built

1977

Location

Nearby schools, walkability, and amenity information is not yet available for this listing.

Estimate Your Payment

Olds Mortgage Payment Calculator

Estimated Monthly Payment $0
Mortgage Amount: $0 Total Interest Paid: $0 Total Cost Over Term: $0

This is an estimate for illustration purposes only, using standard Canadian mortgage calculation (semi-annual compounding). It does not include property taxes, insurance, mortgage default insurance premiums, or closing costs. Contact a mortgage professional for an accurate quote based on your specific situation.

Interested in this property?

Contact Kirsten Bernal for more information or to arrange a showing.

Listing data is provided courtesy of the Central Alberta REALTORS® Association (CARA) MLS® System. The information is deemed reliable but not guaranteed accurate.


Log InSign Up