REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Angie Hartmann

angie@angiehartmann.ca +1(403) 589-5199

$ 450,000

Est. payment -/mo

Save

Price Dropped by $19K

4617 48 Street Olds, AB T4H1E2

6 Beds

5 Baths

1,141 SqFt

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 $394

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

Listed by eXp Realty

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Your Name*

Your Number*

Your Email*

Your Message*

I agree to be contacted by Property Sisters Brokered by Century 21 Masters via call, text or email. To opt-out, you can reply ‘STOP’ at any time or click the unsubscribe link in the emails. Message and data rates may apply. Message frequency varies. For more information, see our Privacy Policy and Terms of Use.

We respect your inbox. We only send interesting and relevant emails.