5631 49 Avenue, Olds , Alberta, T4H 1G5

Tucked away on a spacious 2.61-acre lot within the Town of Olds, this unique property offers the privacy and freedom of country living—without giving up town services. With mature trees, a well-laid-out bungalow, and an incredible 2,496 sq.ft. (40' x 60') heated shop with an addition, this property is ideal for families, hobbyists, or anyone needing space for projects or equipment. The 1,755 sq.ft. bungalow, built in 1992, features 5 bedrooms and 3 full bathrooms, including a spacious primary suite with large closets and a 5-piece ensuite. Numerous recent updates—including new windows, updated shingles, and brand-new garage doors—offer peace of mind and curb appeal. Inside, the main level welcomes you with a sunken living room and a central kitchen outfitted with solid oak cabinetry, a large pantry, Corian countertops, and an appliance garage. A breakfast bar and cozy dining area flow into the family room with built-in shelving and a natural gas fireplace. A 4-piece bathroom, laundry area, and two additional bedrooms complete the main floor. The fully finished basement was designed for entertaining: a wet bar, games area, family room with wood stove and built-in TV center, two more large bedrooms, and another full bathroom offer plenty of space for gatherings and guests. The home is serviced by a boiler system with in-floor heat, a forced air furnace and a newer hot water tank. Step outside to your private 1.06-acre yard, surrounded by trees and fully fenced with a secure gate. The covered front porch and southeast-facing Duradeck rear deck (complete with a hot tub*) offer plenty of outdoor space to relax. Apple, plum, and lilac trees add a charming touch. At the back of the property sits a massive 40x60 heated shop, perfectly positioned on a flat, open 1.55-acre section of the lot. Three 12' wide x 14' tall overhead doors provide access, including one extended 48' bay for RV or camper storage. Inside, you'll find a concrete floor with a large sump drain, its own 100-amp service, 220V welder plug, multiple outlets, and a 16'x40' mezzanine. Below the mezzanine, a rear bay with in-floor heat and a smaller overhead door creates the perfect space for a man cave, garden tools, or a project car you’d rather keep dust-free. This hidden gem offers quiet living with pavement right to the door, tons of parking, security cameras throughout, and the freedom to run a home-based business—all within town limits and fully connected to municipal water and sewer. It’s a rare opportunity to enjoy the space of an acreage and the convenience of town living.