$469,900
active
4617 48 Street
Olds
,
AB
T4H1E2
Key Details
- MLS® Number:
- A2282536
- Building Type:
- House
- Interior Size:
- 1141 square feet
- Bedrooms:
- 6
- Parking:
- 6
- Parking Features:
- Detached Garage, Parking Pad
- Lot Size:
- 51.78 square meters
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). Finally, Olds has announced a proposed 1 GW “Synapse” data centre development, a meaningful demand catalyst to watch as it progresses.Available vacant or fully tenanted, depending on your strategy. (id:53430)
Building
- Property Type:
- House
- Building Type:
- House
- Style:
- Bungalow
- Year Built:
- 1975
- Bedrooms:
- 6
- Bathrooms (total):
- 6.0 (2 half)
- Basement:
- Finished, Full, Separate entrance, Suite
Finished Areas
- Interior Size (Total):
- 1141 square feet
- Above Grade:
- 1141 square feet
Interior
- Flooring:
- Hardwood, Laminate, Ceramic Tile
- Appliances:
- Refrigerator, Dishwasher, Stove, Hood Fan, Window Coverings, Washer/Dryer Stack-Up
Parking
- Spaces:
- 6
- Features:
- Detached Garage, Parking Pad
Lot / Land
- Lot Size:
- 51.78 square meters
- Zoning:
- R3
Exterior
- Exterior Features:
- Concrete, Brick, Stucco
Fees & Dates
- Property Taxes:
- $3,280
- Tax Year:
- 2025
- Last Modified:
- 03/07/2026 05:50:22 AM
- Status Change:
- 03/07/2026 05:40:43 AM
Association / Ownership
- Common Interest:
- Freehold
Room Dimensions
| Room | Level | Size |
|---|---|---|
| 2pc Bathroom | Main level | .92 M x 2.14 M |
| 4pc Bathroom | Main level | 2.73 M x 1.54 M |
| Bedroom | Main level | 3.03 M x 3.34 M |
| Bedroom | Main level | 3.04 M x 3.33 M |
| Dining room | Main level | 2.50 M x 3.35 M |
| Kitchen | Main level | 2.78 M x 3.35 M |
| Laundry room | Main level | 1.68 M x 2.18 M |
| Living room | Main level | 5.29 M x 3.65 M |
| Primary Bedroom | Main level | 3.47 M x 3.50 M |
| 1pc Bathroom | Basement | .59 M x .64 M |
| 3pc Bathroom | Basement | 1.43 M x 1.95 M |
| 3pc Bathroom | Basement | 1.43 M x 1.92 M |
| Bedroom | Basement | 2.97 M x 2.52 M |
| Bedroom | Basement | 2.69 M x 4.17 M |
| Bedroom | Basement | 2.67 M x 3.62 M |
| Kitchen | Basement | 3.19 M x 3.25 M |
| Living room | Basement | 6.11 M x 6.67 M |
| Furnace | Basement | 2.32 M x 1.59 M |
Location
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