Property Information:

Cash flowing building in Olds! Great opportunity in a desirable area of Olds with green space in front and behind this 4-plex. Each corner unit offers 2 bedrooms, 1 bathroom, in-suite laundry, balconies, and separate furnaces, hot water tanks and water meters. There are 6 powered parking stalls. All units have undergone upgrades over the years, with major updates in the past decade, including exterior siding, asphalt shingles, eavestroughs, fascia, soffit, wood decks, as well as improvements to bathrooms, flooring, and painting. Photos are from when one unit was vacant - building is fully leased. Olds is home to a hospital, agricultural university, and excellent local services, plus quick access to the Calgary International Airport. One tenant currently has utilities included, while the others pay their own gas, power, water, sewer, and garbage. Looking ahead, the building has the potential to be condo-ized, with units sold off individually. Property is professionally managed. 1 new stove and 1 new dryer were purchased in the last couple of months.

Inclusions: 4 x fridge, 4 x stove, 4 x washer, 4 x dryer

Building Features:

Total Finished Area: 1994.00

Property Features:

Architectural Style: Bi-Level
Built in: 1978
Construction Materials: Brick, Vinyl Siding
Floor Space (approx): 1994.00 Square Feet
Foundation Details: Poured Concrete
Roof: Asphalt Shingle
Zoning: R3
No. of Parking Spaces: 6

Courtesy of: Realty Experts Group Ltd

Data provided by: Central Alberta REALTORS® Association 4922 45 St., Red Deer, Alberta T4N 1K6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Demographic Information of 5210 61 Avenue, Olds, AB, T4H 1L3

Life Stage

Families with Tweens

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$107,968.91

Average Number of Children

1.83

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.43 %

High school certificate or equivalent

36.28 %

Apprenticeship trade certificate/diploma

8.76 %

College/non-university certificate

27.64 %

University certificate (below bachelor)

0.35 %

University Degree

9.54 %

Commuter

Travel To Work

By Car

94.31 %

By Public Transit

0.0 %

By Walking

2.15 %

By Bicycle

0.0 %

By Other Methods

3.54 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

24.47 %

Houses

75.53 %

5210 61 Avenue, Olds, AB, T4H 1L3