Larchwoods FAQs
Your guide to Larchwoods homes, land-lease living, and the new residential community in Olds, Alberta.
Get answers to your questions about modular homes, affordability, and life in Olds.
Here you’ll find answers to the questions people ask most as they explore modular homes in Alberta and start planning their move to Olds. This FAQ covers Larchwoods homes, the land-lease model, pricing, home types, timelines, and what to expect as this new neighbourhood grows. If you don’t see what you’re looking for, we’re always happy to chat.
Explore the Larchwoods FAQ
Learn About Available Homes, Build-Ready Lots & Living in Olds, Alberta
The Neighbourhood
Larchwoods is a thoughtfully planned manufactured home community in Olds, Alberta, developed by Totangi Properties. It features high-quality, factory-built, one-level homes by Triple M Housing. Here, homeowners own their homes and lease their homesites, creating an affordable and low-maintenance path to homeownership in a welcoming neighbourhood setting.
Phase 1 includes 26 homesites. The community will grow in carefully planned phases to approximately 110 homes, complete with landscaped streets, shared green spaces, walking paths, and community amenities. Explore the Neighbourhood Siteplan to see how things are taking shape!
Standard lots are approximately 15 m x 32 m (50 ft x 105 ft), or about 5,000 square feet, offering plenty of space for a yard, parking, a deck, and an optional detached garage.
Larchwoods is located at 5200 – 58th Street in Olds, Alberta. It is conveniently positioned just south of the Olds Regional Exhibition grounds and only a short walk or bike ride from Uptown Olds shops, services, and recreation.
No, Larchwoods is a family-friendly community that welcomes homeowners of all ages and stages of life.
The community is designed with walkability, green space, and connection in mind. Planned amenities include walking trails, landscaped parks, a gazebo and picnic area, and a future community office and meeting space.
Yes! Our presentation centre and showhome is now open at 5221 54th Street in Olds. Come visit us during our open hours: Wednesdays & Fridays from 1-4pm, or Saturdays from 12pm-3pm. Or, get in touch with us to book a tour outside of our regular hours!
Yes, we love pets! Each household can have up to two pets (dogs and/or cats), subject to Town of Olds bylaws and community guidelines. Some dog breed restrictions may apply.
Larchwoods Homes
Homes at Larchwoods are modern, single-level manufactured homes by Triple M Housing, offering 2–4 bedrooms and 2 bathrooms, ranging from approximately 1,200 to 1,680 square feet. Several thoughtfully designed floorplans and exterior styles are available.
Pricing will be finalized when 2026 pricing is confirmed by our builder, Triple M Housing. Based on current guidance, we expect homes to be in the mid-$300,000 range, with a home similar to the presentation centre priced around $365,000 plus GST. We expect final pricing details in December or January.
Absolutely! Buyers can select from finish packages, colour palettes, and layout options. Standard features are included in every home, with optional upgrades available for those who want an extra personal touch. Contact us to learn more — we’d love to discuss options with you!
Yes! Most lots can accommodate a detached garage, typically around 14’ x 24’, with larger options available depending on the lot. Garages are built by the developer to complement your home’s exterior.
Homes are precision-built in a climate-controlled factory, then delivered to the community and welded to a steel pile foundation. Once installed, they are connected to utilities and finished with skirting, steps, a deck, landscaping, and optional detached garage upgrades.
Every Larchwoods home is backed by the Alberta New Home Warranty Program, ensuring quality protection and peace of mind. The warranty stays with the home, not the owner.
At Larchwoods, we take pride in ensuring that every home meets the highest standards of craftsmanship and quality. However, we recognize that from time to time, deficiencies may occur. Our Service Team is available to correct any such issues promptly and professionally, ensuring your home continues to meet our standards of excellence.
At Larchwoods, we take pride in ensuring that every home meets the highest standards of craftsmanship and quality. However, we recognize that from time to time, deficiencies may occur. Our Service Team is available to correct any such issues promptly and professionally, ensuring your home continues to meet our standards of excellence.
Financing & Ownership
You purchase your home and lease the homesite. This approach lowers the upfront cost of homeownership and keeps monthly costs predictable.
Rent is approximately $675 per month. This includes land use, community maintenance, snow clearing on common roads, garbage and recycling service, property tax on the land, and access to shared amenities and green spaces. Homeowners pay for their own water, sewer, electricity, gas, and telecom services.
Rent is approximately $675 per month. This includes land use, community maintenance, snow clearing on common roads, garbage and recycling service, property tax on the land, and access to shared amenities and green spaces. Homeowners pay for their own water, sewer, electricity, gas, and telecom services.
Land-lease living makes homeownership more attainable by reducing upfront costs. You purchase your home and lease the land, which helps keep your mortgage lower while still providing a private yard, parking, and a high-quality community environment.
The land-lease model provides many benefits for the homeowner, including:
– Lower upfront cost to buy your home compared to traditional subdivisions
– Fixed predictable monthly lease payment
– No responsibility for land taxes, major road repairs, or community amenity upkeep
– Ability to resell your home in the future, with the buyer assuming the lease
– Professional community management to ensure the neighbourhood remains well-kept and attractive
– Lower upfront cost to buy your home compared to traditional subdivisions
– Fixed predictable monthly lease payment
– No responsibility for land taxes, major road repairs, or community amenity upkeep
– Ability to resell your home in the future, with the buyer assuming the lease
– Professional community management to ensure the neighbourhood remains well-kept and attractive
Yes! Many lenders finance manufactured homes on leased land, especially when CMHC-insured. Traditional financing options with 25% down are also available.
Yes! Homes qualify for the federal GST new housing rebate, and first-time buyers may be eligible for additional programs based on current federal rules.
Absolutely! You can sell your home at any time. The buyer must apply and qualify for tenancy in the community. As a seller of a home, you should ensure that there is a seller’s condition stating that the buyer must be approved for tenancy.
No. Homes at Larchwoods must be owner-occupied to support a strong, connected community.
Homeowners will be assessed property tax directly by the town on their home only. The property tax assessed on the homesite is paid by Larchwoods and is part of your monthly lease.
Move-In Process
Buyers typically choose their preferred floorplan first, then select an available lot. Some move-in-ready “spec homes” will also be available.
Available upgrades include countertops, flooring, exterior features, garage construction, deck size, and enhanced landscaping. All upgrades are coordinated through the Larchwoods team. Contact us to learn more!
Each home includes sod, a street tree, and a small planting bed with select shrubs or flowers. Additional landscaping can be added for an extra fee.
Standard build and delivery timelines range from 3 to 6 months. Quick-possession homes will also be available. First move-ins are expected in September 2026.
All buyers complete a standard tenancy application, and purchase agreements are conditional on approval by the community manager.
The Town of Olds
Living in Olds means enjoying small-town warmth with all the amenities you expect from a larger centre. The town is friendly, inclusive, and community-oriented, with a strong focus on quality of life, active living, and neighbourly connection. Whether you’re strolling through local shops, attending community events, or relaxing in one of the many parks and green spaces, Olds has a relaxed and welcoming feel that makes you feel right at home!
Olds is home to roughly 10,000 residents. It offers a tight-knit, comfortable atmosphere while still providing plenty of services, recreation, and conveniences. It’s small enough to feel personal, yet big enough to stay active, engaged, and supported. You’ll find a diverse mix of families, professionals, students, and retirees who all contribute to a positive and inclusive community spirit.
Olds offers everything you need for day-to-day living, including modern healthcare facilities, schools, post-secondary education at Olds College, grocery stores, fitness and recreation spaces, parks, restaurants, and unique local businesses. The community’s infrastructure is well-maintained, and you’re never far from the services that support a comfortable and active lifestyle.
Yes! Olds enjoys a low crime rate and is known for being a safe, family-friendly community. Residents often describe the town as peaceful, relaxed, and comfortable—a place where neighbours look out for each other and you can feel secure at home and around town.
Olds is located along the QEII highway, roughly halfway between Calgary and Red Deer. This makes it easy to enjoy small-town living while still having quick access to major city amenities, employment opportunities, entertainment, and shopping when needed.
Outdoor enthusiasts love Olds! With nearby parks, trails, recreation centers, sports facilities, golf, and easy access to natural areas, it’s simple to stay active year-round. Whether you’re into walking, biking, skating, winter sports, or simply enjoying nature, there’s always something to do.
Olds hosts a full calendar of events and celebrations throughout the year! Favorites include Oldstoberfest Rodeo, Summer Oldstice, Midnight Madness, Olds Fashioned Christmas and Santa Claus Parade of Lights, National Indigenous Peoples Day, the CPR Holiday Train, and Canada Day festivities. There’s always something happening that brings the community together!
Very much so! Olds invests actively in community belonging through its Welcoming and Inclusive Communities Initiative, creating an environment where diversity strengthens community life and every resident feels at home. There’s also a vibrant seniors community and volunteer network enhancing age-friendliness and connection across generations.
From everyday essentials to unique local shops, Olds delivers great variety. Local restaurants, cafés, and eateries offer something for everyone, and you’ll find plenty of original, home-grown businesses to enjoy. The strong agricultural community also means access to fresh local goods, including at the Agricultural Farmers Market!
Yes! Olds is ideal for both families and retirees. With strong schools, recreation programs, healthcare services, and an age-friendly community approach, it offers a supportive and fulfilling environment at every stage of life.
Community Highlight
Olds Offers Peaceful Living with Parks and Community Spirit
With quiet streets, welcoming neighbourhoods, and parks around every corner, Olds creates an environment where families can thrive. Kids have room to explore, parents have peace of mind, and the whole community benefits from a town that prioritizes safety, connection, and quality of life.
Thinking about making Larchwoods home?
Meet Amanda, your local Larchwoods connection. Whether you’re curious, comparing options, or ready for next steps, she’s here to help.
Get in touch with her today, she’d love to chat!
Visit our Showhome & Presentation Center
- Wednesday & Friday 1pm-4pm
- Saturday 12pm-3pm
- Or book an appointment!
