Welcome to this charming and versatile home in Olds, ideally located just a short walk from the college! Whether you're an investor looking for a promising opportunity, a young couple starting out, a small family, or someone seeking a rental property, this home offers plenty of potential. Situated on an R2-zoned lot, it presents added interest for investors looking to explore the possibilities. Inside, you'll find a comfortable two-bedroom layout, while outside, the spacious backyard offers room to relax, play, and entertain. Enjoy the added charm of two mature cherry trees, established rhubarb and raspberry bushes, and a garden area perfect for those who enjoy growing their own fresh produce. A children's playset adds to the backyard's family-friendly appeal, while the detached garage provides convenient workspace and storage and the separate shed offers additional storage. Recent updates include a new roof in 2026 and updated freshwater plumbing, offering added peace of mind. With its desirable location, established outdoor features, and versatile appeal, this property is a wonderful opportunity for investors, first-time buyers, or anyone looking for a home with character and potential!