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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C$ 450,000
Est. payment | /mo

6 Beds

5 Baths

1,141 SqFt


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C$ 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

Square Footage 1,141 sqft

Price per Sqft C$394

Lot Size 557 Sqft

MLS® Listing ID A2282536

Style Bungalow

Bedrooms 6

Full Baths 3

Half Baths 2

Originating MLS Calgary

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

State AB

County Mountain View County

Zoning R3

Direction N

Rooms

Other Rooms 1

Basement Full

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

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

1-purchase type For Sale

Exterior

Garage Double Garage Detached, Parking Pad

Garage Spaces 2

Fence Partial

Community Features None

Roof Type Asphalt Shingle,Metal

Porch Deck

Lot Frontage 119.99

Parking Type Double Garage Detached, Parking Pad

Total Parking Spaces 6

Building

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

Foundation Poured Concrete

Architectural Style Bungalow

Story One

Others

Restrictions None Known

Tax Amount C$3,280

Tax Year 2025

Tax ID 103696749

Ownership Private

Listed by eXp Realty
NEARBY SCHOOLS & PROPERTIES
Christian Angle

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+1(586) 586-5861

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557 SE Washington Ave, Minneapolis, MN, 55455, USA

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4617 48 ST