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1 day on Market

40 Lake Ridge, Olds, Alberta T4H 1W6

Detached
3 + 2
3
~1417.23 sqft
$599,900
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Detached
3 + 2
3
~1417.23 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$423/sqft

Monthly cost

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Description

If you've been searching for a home where your kids can grow up making memories outdoors, this may be the one. Located on the south side of Olds in one of the town's most desirable family areas, this fully developed bungalow combines space, comfort, and an exceptional location. Walking paths wind throughout the neighbourhood, making evening strolls, bike rides, and family walks part of everyday life. Just across the road, the pond becomes a favourite gathering place in the winter, where neighbourhood kids lace up their skates and play hockey. Imagine watching the kids head across the street for an evening game of shinny while you enjoy the mountain views from your deck. With 5 bedrooms and 3 full bathrooms, this home offers room for growing families with three bedrooms on the main floor and two additional bedrooms downstairs. The bright open-concept layout features vaulted ceilings, a dedicated office, convenient main floor laundry, and recent kitchen upgrades including a new induction stove, microwave hood fan, and refrigerator. The primary bedroom offers direct access to the covered rear deck, while the dining area opens onto the same outdoor space complete with a gas line for your BBQ. Backing onto open space with no immediate neighbours behind, the home enjoys incredible privacy along with beautiful mountain views that the sellers have treasured for years. Downstairs, the fully finished basement creates the perfect family hangout space with two additional bedrooms, a full bathroom, wet bar, and a large recreation area with room for a pool table, home gym, games area, or movie nights. Additional features include central air conditioning, a heated double attached garage, RV parking, a newly installed radon mitigation system, and a professionally installed whole-home Wi-Fi system that provides strong and reliable internet coverage throughout the house. Combining an outstanding location, incredible views, and the space today's families are searching for, this is a home where memories are waiting to be made.


Upcoming Open House

Jun 13Sat10:00 AM - 12:00 PM

Property Details

StyleBungalow
View-
Age of property2001
SqFt~1417.23 SqFt
Lot Size-
Parking Spaces5
MLS ®NumberA2317870
Community NameOlds
Data SourcePILLAR 9
Listing byCIR Realty

Features

Heating: High Efficiency,Fireplace(s),Forced Air,Natural Gas
Central Vacuum
Cooling: Central Air
Basement: Full,Finished,None

Main Floor

4pc Bathroom

3pc Ensuite bath

Bedroom

11`2" x 15`0"

Bedroom

11`8" x 9`9"


Features

Patio: Deck,Front Porch

Parking

Garage spaces 2

Garage type -

Other parking spaces 3

Total parking spaces 5


Property History

Jun 11, 2026
ListedActive
$599,900
1 day on market
history photo preview50
Listing by pillar 9®
Property listed by CIR Realty, Brokerage
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Market Data - Olds

Geo Zone Map ThumbnailOlds

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

47 days

Compared to

2025

68 days

2024

55 days

2023

53 days

New Listings

Past 30 days

20 listings

Compared to

2025

18 listings

2024

21 listings

2023

17 listings

Units sold

Past 30 days

14 units

Compared to

2025

13 units

2024

11 units

2023

17 units

Median Sold Price

Past 30 days

$525,000

Compared to

2025

$535,000

2024

$485,000

2023

$445,000


Population and Demographics

Overview

Total population 8519
Average household income $118,876

Age (%)

0 to 19
22%
20 to 34
17%
35 to 49
18%
50 to 64
19%
65 and plus
24%

Household composition (%)

Single family
64%
Single person
31%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
92%
Others
4%
Tagalog (Pilipino, Filipino)
3%

House tenancy (%)

Owners
72%
Renters
28%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget