Olds · MLS® A2344367
2 sq ft lot · Land · Vacant Land · 44 days on market
listed by Brad Kroeker, Century 21 Masters
Prime multi-family residential development opportunity in the stable, growing central Alberta community of Olds. This 2.23-acre serviced bare land parcel is cleared, level, and completely shovel-ready. Featuring a desirable MUN - Mixed Use Node zoning, the site supports a variety of build options, including low-rise apartments, townhouses, stacked units, or seniors independent living. Highly strategic location directly adjacent to the Cornerstone Shopping Centre commercial anchor and within easy walking distance to local pathways and sports fields. All essential utilities (water, sanitary, storm drainage, natural gas, power, and telecom) are already at the lot line, meaning no infrastructure costs to carry. A full 59-sheet professional drawing package for an apartment-style building is available to qualified purchasers, offering a significant design head start. With a critically low rental vacancy rate of 0.6% and consistent 3% population growth, this property is perfectly positioned to meet intense local housing demand.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
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about $8,412 a year
The asking price times Olds's 2026 residential rate of 8.86 per $1,000 (municipal and education).
The listing shows $8,699 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.
Walkability 67/100 · Walkable: many errands on foot
Within a 10 minute walk: 2 grocery stores, 4 places to eat or drink, 1 cafe, 1 park or playground.
mihom score from OpenStreetMap places, by straight line distance.