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TOWN OF OLDS AVAILABLE LAND & PROPERTY - COMMERCIAL
MIXED USEFOR SALEFOR LEASEZONE TOTAL
#SQFT
(Building)		#ACRES
(Land)		#SQFT
(Building)		#ACRES
(Land)		#SQFT
(Building)		#ACRES
(Land)
MUNMixed Use Node
•Medium Density Residential
•Neighbourhood Commercial		8,735 sqft234.89 acres0 sqft0 acres8,735 sqft234.89 acres
MUCMixed Use Centre
•Central Commercial		57,974 sqft7.5 acres3,976 sqft0 acres61,950 sqft7.5 acres
*MIXED USE TOTALS66,709 sqft242.39 acres3,976 sqft0 acres70,685 sqft242.39 acres
*Totals may include confidential property listings
COMMERCIALFOR SALEFOR LEASEZONE TOTAL
#SQFT
(Building)		#ACRES
(Land)		#SQFT
(Building)		#ACRES
(Land)		#SQFT
(Building)		#ACRES
(Land)
CGDCommercial General District7,235 sqft27.23 acres24,816 sqft0 acres32,051 sqft27,23 acres
CSCShopping Centre Commercial0 sqft0 acres12,062 sqft0 acres12,062 sqft0 acres
*COMMERCIAL TOTALS7,235 sqft27.23 acres36,878 sqft0 acres44,113 sqft27.23 acres
*Totals may include confidential property listings
OTHERFOR SALEFOR LEASEZONE TOTAL
#SQFT
(Building)		#ACRES
(Land)		#SQFT
(Building)		#ACRES
(Land)		#SQFT
(Building)		#ACRES
(Land)
FUDFuture Urban District2,231 sqft86.46 acres0 sqft0 acres2,231 sqft86.46 acres
PSD Public Spaces District0 sqft0 acres0 sqft0 acres0 sqft0 acres
*OTHER TOTALS2,231 sqft86.46 acres0 sqft0 acres2,231 sqft86.46 acres
*Totals may include confidential property listings
LAND USE ZONESLand Use Bylaw 2025-14 (October 2025)
MUNMixed Use Node
MUCMixed Use Centre
CGDCommercial General District
CSCShopping Centre Commercial
ILDLight Industrial District
IHVHeavy Industrial District
FUDFuture Urban District
PSDPublic Spaces District
IIndustrial (Mountain View County)
IBIndustrial Business (Mountain View County)

Disclaimer: Note this document is for general information purposes only. It is intended to illustrate the types of commercial property for sale or lease in Olds. The information provided below is subject to changes and should not be considered as part of any sale agreement. All sales will be negotiated directly with the seller and/or agents who will provide more information if requested. This is not a conclusive list of property for sale or lease in Olds so further research will be required.

PROPERTY SUBTYPELISTED PRICEADDRESSFOR SALE/FOR LEASE#SQFT (Building)#ACRES (Land)ZONED (Current & Future)LISTING DETAILS
Commercial Lot$499,900.005122/5126 46 StreetFor Sale0.39 acreCGDLearn More
Commercial Lot$595,000.006505 51 StreetFor Sale0.72 acreCGDLearn More
Commercial Lot
(Retail Development Site)		$677,500.004535 51 AvenueFor Sale1.05 acreCGDLearn More
Commercial Lot$795,000.006503 51 StreetFor Sale0.88 acreCGDLearn More
Commercial Development Lot$800,000.00 / acre6920 46 StreetFor Sale12.57 acreMUNLearn More
Commercial Building
(Office)		$424,900.004517 55 AvenueFor Sale1,524 sqft0.15 acreCGDLearn More
Commercial Building$459,000.004530 54 AvenueFor Sale1,196 sqft0.18 acreCGDLearn More
Commercial Building
(Office)		$1,300,000.005025 50 StreetFor Sale16,800 sqft0.34 acreMUCLearn More
Commercial Lot$175,000.005101 51 StreetFor Sale1,014 sqft0.14 acreMUC
Commercial Lot$198,000.005311 50 AvenueFor Sale0.23 acreMUC
Commercial Lot$225,000.004950 49 AvenueFor Sale0.18 acreMUC-
Commercial Development Lot$1,790,000.00Hwy 27 & 70 AveFor Sale20 acreCGD
Commercial Property$820,000.004501 46 AvenueFor Sale2,231 sqft1.14 acreFUD
Commercial Building$275,000.004912 50 AvenueFor Sale2,500 sqft0.08 acreMUC
Commercial Building$325,000.005016 50 StreetFor Sale1,776 sqft0.07 acreMUC
Commercial Building$899,900.005120 50 AvenueFor Sale2,537 sqft0.80 acreMUC
Commercial Building
(4 Bay)		$925,000.005303 50 AvenueFor Sale6,000 sqft0.61 acreMUC
Commercial Building
(Mixed Use)		$1,299,000.005001-05 49 AvenueFor Sale15,325 sqft2.30 acreMUC
Commercial Building
(Mixed Use)		$2,499,000.006308 46 StreetFor Sale4,515 sqft0.63 acreCGD
Commercial Building$23.00/Yearly/Sqft5642 46 StreetFor Lease8,537 sqftCGD
Commercial Building
(Office Suite)		$18.00/Yearly/Sqft4512 46 StreetFor Lease2,000 sqftCGD
Commercial Building
(Office)		$2,200/Monthly/Sqft4517 55 AvenueFor Lease1,524 sqftCGD
Retail Space$10.00/Yearly/Sqft#12
4513 52 Avenue		For Lease7,573 sqftCSC
Retail Space$11.00/Yearly/Sqft#16A
4513 52 Avenue		For Lease4,489 sqftCSC
Retail Space$17.00/Yearly/Sqft#3, 4602 46 StreetFor Lease1,300 sqftCGD

Disclaimer Note: Mixed-use, commercial at-grade developments are permitted in the C1 and CHA districts and discretionary (requiring Council approval) in the CH district. These developments require commercial uses on the ground floor with residential above. Developments that have a mix of commercial and residential both on the ground floor are not allowed on these parcels without LUB amendments.

Please note the above is not a conclusive list of property for sale or lease in Olds. We also have local property owners who are interested in selling but are not ready to list publicly. To source this option please fill in the Investor Property Requirement Form and a local realtor or Invest Olds will contact you.

Note: the district and potential development lists shown are non-comprehensive. For a full overview of the Town’s land use districts and their permitted and discretionary uses, reference the Land Use Bylaw.

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Download Our Housing Needs Assessment

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HNA Overview:

  • The HNA aims to address the town’s evolving housing needs, with a focus on introducing a broader range of housing types.
  • There’s a marked emphasis on multi-family housing solutions, including duplexes, townhouses, apartments, and condos.
  • The study encompasses the entire municipal boundary of the Town of Olds, home to an estimated 9,200 residents.

Population & Growth Dynamics:

  • The Town of Olds has witnessed consistent population growth, with forecasts indicating a continued upward trend.
  • This growth underscores the pressing need for diversified housing options.

Demographic Insights:

  • The town is experiencing a demographic shift with a rising percentage of residents aged 65 and older.
  • This trend emphasizes the demand for senior-friendly housing solutions.

Current Housing Landscape:

  • The predominant housing type in the Town of Olds is single-detached homes, making up 61% of all dwellings.
  • Notably, average home prices in the town are on the higher side when compared to similar Alberta municipalities, pinpointing a potential gap in affordable housing options.

Key Takeaways:

  • Housing Needs: A clear demand for diverse housing forms to cater to the town’s growing and aging population.
  • Housing Priorities: Addressing the need for both senior-specific and affordable housing options.

Dive Deeper: Download the full Housing Needs Assessment for a comprehensive understanding of the housing landscape and future opportunities in the Town of Olds

FAQ

There are many things to consider when building in the Town of Olds. The following are a list of frequently asked questions and answers, however, to apply for permits and obtained further details please visit https://www.olds.ca/permit-licence-applications

The Interactive Development Map (GIS Map) is a great tool for realtors, property buyers, developers, etc., to help them find what utility lines, land use, Area structure plans, and so much more.

1. Fill out the application forms and submit all required plans to the Planning Department.

2. If you will be digging, request locates. Locates must be available on-site while work is being done.

3. If the project is commercial, complete a fire safety plan. This is not required for residential projects.

4. An invoice will be e-mailed to you for permit fees and security deposits. All fees must be paid before the permit is issued.

5. Depending on your project, it will be reviewed either by staff or by the Municipal Planning Commission (MPC).

6. If the permit requires a decision from the MPC, there is a 21-day appeal period.

7. If your permits have been approved, you will receive them along with a Plan Review. This is an overview of what has been approved and will describe when an inspection is needed.

8. Inspections will be performed by our certified Safety Codes Officer.

9. After work is completed to Town standards, any security deposits will be returned to you.

In some cases, a Development Officer or the Municipal Planning Commission may be able to grant a relaxation. You will need to fill out a Relaxation / Variance Form.

Once the Approval Authority makes a decision, there is a 21-day appeal period. Appeals can also be made to the regional Appeals Board. This is a separate group serving 18 different municipalities in Central Alberta.

Simple permits can be approved in a week by Planning & Development department staff. If your permit needs to be reviewed by the MCP, meetings are held once a month (on the third Tuesday of the month).

You have one year from the day your Development Permit is issued to complete the work.

Check the Town Of Olds – Land Use District (zoning) MAP.

An off-site levy is a fee charged by the Town to help pay for expanding municipal services, such as water, sewer, and roads.

Town Of Olds bylaw – Offsite Levies Schedule