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Olds 52 StreetTwo duplexes

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About the build

The Town of Olds generously donated land to Habitat for Humanity in 2016. This land is undergoing a magnificent transformation to become the site of four affordable homes. The first duplex was complete in December 2017, and the second duplex is expected to be complete in March 2019.

ATB Financial made a significant financial contribution to this project, and the first duplex was built by Stevenson Homes.

Details

Every Habitat home is built above code, with adequate space for all family members. We engage quality trades and architects, ensuring that our homes is safe and built to last.

We adhere to the community design specifications, which means our homes blend in seamlessly with the surrounding properities.

  • Two duplexes
  • 1,100 sq. ft.
  • 3 bedroom
  • 1.5 baths
  • Energy efficient to reduce costs of utilities and water
  • Construction on first duplex complete in December 2017
  • Construction on second duplex expected to be complete in March 2019

Learn about owning one of these homes through our Affordable Mortgage.

Frequently Asked Questions

Who purchases Habitat for Humanity Homes?

Families who partner with Habitat to achieve home ownership are comprised of employed parents and their children.  Parents have all demonstrated employment stability – they are employed in a range of roles.  Our current homeowners include paralegals, construction workers, transit operators, bank tellers, customer service and sales representatives, and production workers.

How do families buy their homes?

Families purchase their homes from Habitat at fair market value through our unique Affordable Mortgage.  This is a no-interest, no-down payment mortgage with monthly payments guaranteed to be no more than 25 per cent of monthly income. Learn more about owning a home.

How did Habitat select Olds for this development?

Habitat for Humanity acquires land in the same manner as other developers and homebuilders in the city. When opportunities come to market, we investigate their feasibility, connect with city planning and development staff, and make an offer, if the finances other factors mean that affordable homes suitable for families can be constructed on the site.

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