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40 Lake Ridge
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Beds
5
Baths
3
Sqft
1,417
Year
2001
Type
Single Family
On market
0d
If you've been searching for a home where your kids can grow up making memories outdoors, this may be the one.Located on the south side of Olds in one of the town's most desirable family areas, this fully developed bungalow combines space, comfort, and an exceptional location. Walking paths wind throughout the neighbourhood, making evening strolls, bike rides, and family walks part of everyday life. Just across the road, the pond becomes a favourite gathering place in the winter, where neighbourhood kids lace up their skates and play hockey. Imagine watching the kids head across the street for an evening game of shinny while you enjoy the mountain views from your deck.With 5 bedrooms and 3 full bathrooms, this home offers room for growing families with three bedrooms on the main floor and two additional bedrooms downstairs. The bright open-concept layout features vaulted ceilings, a dedicated office, convenient main floor laundry, and recent kitchen upgrades including a new induction stove, microwave hood fan, and refrigerator.The primary bedroom offers direct access to the covered rear deck, while the dining area opens onto the same outdoor space complete with a gas line for your BBQ. Backing onto open space with no immediate neighbours behind, the home enjoys incredible privacy along with beautiful mountain views that the sellers have treasured for years.Downstairs, the fully finished basement creates the perfect family hangout space with two additional bedrooms, a full bathroom, wet bar, and a large recreation area with room for a pool table, home gym, games area, or movie nights.Additional features include central air conditioning, a heated double attached garage, RV parking, a newly installed radon mitigation system, and a professionally installed whole-home Wi-Fi system that provides strong and reliable internet coverage throughout the house.Combining an outstanding location, incredible views, and the space today's families are searching for, this is a home where memories are waiting to be made. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| Other | 7.25 Ft x 6.67 Ft | |
| Bedroom | 13.50 Ft x 12.33 Ft | |
| Bedroom | 12.83 Ft x 12.75 Ft | |
| Laundry room | 5.58 Ft x 7.83 Ft | |
| Recreational, Games room | 27.17 Ft x 16.50 Ft | |
| Furnace | 10.42 Ft x 7.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | — | |
| 4pc Bathroom | — | |
| Bedroom | 15.00 Ft x 11.17 Ft | |
| Bedroom | 9.75 Ft x 11.67 Ft | |
| Dining room | 9.75 Ft x 12.00 Ft | |
| Foyer | 13.08 Ft x 13.42 Ft | |
| Kitchen | 10.50 Ft x 17.17 Ft | |
| Living room | 19.50 Ft x 16.50 Ft | |
| Office | 8.08 Ft x 10.17 Ft | |
| Primary Bedroom | 16.42 Ft x 13.25 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 11, 2026.
Exact location of this listing.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Olds. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.