4617 48 ST, Olds, AB T4H 1E2
4617 48 ST, Olds, AB T4H 1E2
4617 48 ST, Olds, AB T4H 1E2
4617 48 ST, Olds, AB T4H 1E2
4617 48 ST, Olds, AB T4H 1E2
4617 48 ST, Olds, AB T4H 1E2
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$ 450,000
Est. payment | /mo

6 Beds

5 Baths

1,141 SqFt


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$ 450,000
Est. payment | /mo
Save

6 Beds

5 Baths

1,141 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1141.06

Square Footage 1,141 sqft

Price per Sqft $394

MLS Listing ID A2282536

Style Bungalow

Bedrooms 6

Full Baths 3

Half Baths 2

HOA Y/N No

Year Built 1975

Lot Size 435 Sqft

Acres 0.01

Property Sub-Type Detached

Property Description

Great investor focused,cash-flowing investment opportunity. This bungalow is built for the investor who wants day-one revenue with clear upside: a fully legal basement suite plus a transferable development permit for a third suite in the garage (perfect for a room-by-room strategy with consistent rental demand tied to Olds College).

Upstairs offers 3 bedrooms and 2 full baths (including ensuite). The legal basement suite includes 3 bedrooms and 1.5 baths. Both units have their own washer and dryer,and utilities plus day-to-day property care are tenant responsibility,keeping the operating model clean.

Parking is a differentiator here: two off-street driveways set up private parking for each unit,with 2 stalls dedicated to the basement suite and 4 stalls plus the garage for the upper suite,plus street parking out front.

Investors will appreciate the long-term optionality. The site carries higher-density zoning (historically R3,now consolidated into the Town's Mixed Use framework),supporting future redevelopment or added density where approved. Current rents are below market,offering a straightforward path to increased cash return,and the approved garage suite adds a second lever (see attached cash flow scenarios).

Available vacant or fully tenanted,depending on your strategy.

Location

Province AB

Zoning R3

Location Details Suite Attached/Within Primary Dwelling

Rooms

Basement Separate/Exterior Entry, Full, Finished

Guest Accommodations Basement

Interior

Interior Features Bookcases, Ceiling Fan(s), Closet Organizers

Heating Central, Fireplace(s), Natural Gas

Cooling None

Flooring Ceramic Tile, Hardwood, Laminate

Fireplaces Number 2

Fireplaces Type Wood Burning

Fireplace Yes

Appliance Dishwasher, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Washer/Dryer Stacked, Window Coverings

Laundry In Basement, Main Level

Exterior

Exterior Feature Private Entrance, Private Yard, Rain Gutters

Parking Features Double Garage Detached, Parking Pad

Garage Spaces 2.0

Fence Partial

Community Features None

Roof Type Asphalt Shingle,Metal

Porch Deck

Total Parking Spaces 6

Garage Yes

Building

Lot Description Back Lane, Back Yard, Corner Lot, Front Yard

Dwelling Type House

Faces N

Story One

Foundation Poured Concrete

Architectural Style Bungalow

Dwelling Type Suite Attached/Within Primary Dwelling

Level or Stories One

New Construction No

Others

Restrictions None Known

Listed by eXp Realty

Nearby Locations

Rob Campbell

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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