




2,703 sqft
C$749,900
5120 50 Avenue, Olds Alberta, T4H 1A5
Price per sqftC$277.43
Built in1977
Property size2,703 sqft
Property typeCommercial
Overview
Active
Pending
Listed Oct 2, 2026
Updated 35h ago
**JUST REDUCED**Here’s your chance to own a fully leased, non condo 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 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 average 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.
Courtesy of The Real Estate District, Dione Irwin
Listing Contact: 403-970-9424
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Data last updated 2:08 PM UTC, 10/11/2026