$567,000
4555 51 Avenue
Beds
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Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Looking for an investment or business opportunity? Here is a potential MULTI-FAMILY HOUSING DEVELOPMENT SITE in the fast-growing community of Olds, Alberta. Olds is centrally located between Calgary and Red Deer and serves many of the surrounding communities as well as Mountain View County. This property features a great central location in a new developing area, approx. 1.08 acres, fully serviced site. Benefits include no business tax, lower lot price than surrounding cities, high traffic area, close to shops and restaurants, easy access to all the amenities provided in the Town of Olds, close proximity to nearby recreational areas and minutes off major highway QE2. See brochure for further information. Note: Adjacent lots also available for sale. (id:65958)
- Subtype
- Vacant Land
- Common interest
- Freehold
- Lot size
- 1.08 acres
- Lot dimensions
- 1.08
- On market
- Nov 12, 2025
- Status changed
- Apr 18, 2026
- Annual tax
- $3,510 (2025)
- Zoning
- MUN
- Photos
- 5
- MLS#
- A2270374
- Area
- OLDS
Cash on cash
-12.14%
Cap rate
3.46%
GRM
16.7
Break-even rent
$4,033
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.