Search
Price Range

Residential Properties

Multi-Unit and Mixed Use

Residential (Multi-Unit & Mixed Use) Properties Available

Kick-start your residential development today.

TOWN OF OLDS AVAILABLE LAND & PROPERTY
RESIDENTIAL MULTI UNIT & MIXED USE
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		8,324 sqft235.03 acres0 sqft0 acres8,324 sqft235.03 acres
MUCMixed Use Centre
•Central Commercial		57,974 sqft7.5 acres3,976 sqft0 acres61,950 sqft7.5 acres
*MIXED USE TOTALS66,298 sqft242.53 acres3,976 sqft0 acres68,98 sqft242.53 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 residential (multi-unit & mixed use) 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
Residential Lot$120,000.004830/4832 52 StreetFor Sale0.14 acreMUNLearn More
Residential Development Lot$3,900,000.006002 57 AvenueFor Sale160.00 acreMUNLearn More
Commercial Development Lot$800,000.00 / acre6920 46 StreetFor Sale12.57 acreMUNLearn More
Commercial Building
(Office)		$1,300,000.005025 50 StreetFor Sale0.34 acreMUCLearn More
Residential Multi-Unit Building
(Fourplex)		$725,000.005210 61 AvenueFor Sale1,994 sqft0.19 acreMUN
Residential Multi-Unit Building
(Fourplex)		$735,000.0034 Sierra DriveFor Sale2,476 sqft0.17 acreMUN
Residential Multi-Unit Buildings
(Fourplex x 2)		$1,478,000.005418 & 5422
48 Avenue		For Sale3.754 sqft0.29 acreMUN
Residential Development Lot$567,000.004555 51 AvenueFor Sale1.08 acreMUN
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 Building
(Mixed Use)		$1,299,000.005001-05 49 AvenueFor Sale15,325 sqft2.30 acreMUC
Commercial Building
(4 Bay)		$925,000.005303 50 AvenueFor Sale6,000 sqft0.61 acreMUC-
Commercial Building$275,000.004912 50 AvenueFor Sale2,500 sqft0.08 acreMUC

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.

Unlock Advanced Mapping with GIS

Dive deeper into precision mapping and data visualization.

GIS Map

Spotlight Properties

Residential Development Land

Download Housing Needs Assessment 2025

FREE DOWNLOAD

Send download link to:

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

Learn More about Comprehensive Research & Studies for Property Investment Opportunities

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

Check out the Town of Olds Property Listings: Businesses for Sale