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406, 4574 51 Avenue
homes for sale · Olds
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$439,900

406, 4574 51 Avenue

Olds · MLS® A2351044

221

1,515 sq ft · Condo · Single Family · built 2018 · 15 days on market

listed by A.J. Barkman, REMAX ACA Realty

realtor's description

Step into a world where comfort meets breathtaking vistas, nestled within the beautiful community of Olds, which is a short commute to either Calgary or Red Deer. This exceptional 55+ adult condo unfolds across 1514 square feet, offering an expansive open floorplan bathed in natural sunlight. Imagine evenings spent savoring mountain views from your west facing balcony, where a gas BBQ hookup awaits for alfresco dining. Inside, granite countertops gleam across the kitchen island, inviting culinary creativity, while the huge laundry room provides ample space for your household needs. Two generously sized bedrooms, one boasting a huge walk-in closet, ensure restful nights, complemented by two full bathrooms, including a luxurious ensuite. Beyond the condo itself, enjoy the convenience of secured parking within the inside parkade stall, alongside additional storage accessible from your deck. Residents benefit from a wealth of amenities within the condo association—elevator access, visitor parking, snow removal, trash disposal, a huge lot sporting fruit trees, garden boxes, and more—while the surrounding community offers opportunities for golf, leisurely walks along sidewalks, or relaxing beside the pond, all within easy reach of schools, shopping, and parks. Call your favourite Realtor today to view this exceptional home!

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property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
1,515 sq ft
parking
1
year built
2018
property tax
$4,373 / yr
strata fee
$639 / mo ($0.42 / sq ft)
strata rules
Pets not Allowed, Age Restrictions
days on market
15
MLS®
A2351044

features

  • PVC window
  • No Animal Home
  • No Smoking Home
  • Parking
  • Golf Course Development
  • Pets not Allowed

monthly cost

$2,920/mo
Mortgage $1,917 · Tax $364 · Strata $639

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$1,917/ monthly
loan $351,920
25-year amortization
total interest
$223,061
land title fees
$895
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$88,875
down + land title fees
total paid
$574,981

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent
$1,660/mo
after all costs
−$1,427/mo
cap rate
1.3%
yearly net rent ÷ price

Costs: mortgage $1,917 · tax $364 · strata $639 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Alberta: CMHC's average there ($1,670) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
A.J. Barkman
REMAX ACA Realty
call A.J. · 403-559-6736
Powered by: REALTOR.ca
▶ virtual tour

location

OldsGoogle Maps ↗

property tax

about $3,895 a year

The asking price times Olds's 2026 residential rate of 8.86 per $1,000 (municipal and education).

The listing shows $4,373 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

location

OldsGoogle Maps ↗
Drive times
  • Olds Hospital and Care Centre3 min
  • Olds Elementary3 min
  • Olds High4 min
  • Olds College of Agriculture & Technology5 min
92

Walkability 92/100 · Very walkable: most errands on foot

Within a 10 minute walk: 1 grocery store, 19 places to eat or drink, 3 cafes, 8 parks and playgrounds, 3 pharmacies.

mihom score from OpenStreetMap places, by straight line distance.

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