4617 48 Street, Olds, AB T4H1E2
4617 48 Street, Olds, AB T4H1E2
4617 48 Street, Olds, AB T4H1E2
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$449,000
Est. payment /mo
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6 Beds
5 Baths
1,141 SqFt
Price Dropped by $1K

4617 48 Street Olds, AB T4H1E2

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Amanda Shaw

Amanda Shaw

+1(403) 588-0885

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1141

Square Footage 1,141 sqft

Price per Sqft $393

MLS® Listing ID A2282536

Style Bungalow

Bedrooms 6

Half Baths 2

Year Built 1975

Lot Size 557 Sqft

Acres 0.012795117

Property Sub-Type Freehold

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. (id:24570)

Location

Province AB

Rooms

Kitchen 2.0

Extra Room 1 Basement .64 M x .59 M 1pc Bathroom

Extra Room 2 Basement 1.95 M x 1.43 M 3pc Bathroom

Extra Room 3 Basement 1.92 M x 1.43 M 3pc Bathroom

Extra Room 4 Basement 2.52 M x 2.97 M Bedroom

Extra Room 5 Basement 4.17 M x 2.69 M Bedroom

Extra Room 6 Basement 3.62 M x 2.67 M Bedroom

Interior

Heating Central heating, Other,

Cooling None

Flooring Ceramic Tile, Hardwood, Laminate

Fireplaces Number 2

Exterior

Parking Features Yes

Garage Spaces 2.0

Garage Description 2

Fence Partially fenced

View Y/N No

Attached Garage No

Total Parking Spaces 6

Garage Yes

Private Pool No

Building

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

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Amanda Shaw

Amanda Shaw

+1(403) 588-0885

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4617 48 Street