Share
$440,000
Alberta,Olds
For Sale Active
4617 48 Street, Olds, Alberta T4H1E2
  • 6
  • 5
  • 1,141 Sqft
Basic Details
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 legal 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.Tenants are now in place at increased market rents — [$1900/month upper, $1475/month basement] — giving investors an immediate bump in day-one cash flow over the prior rent roll.Parking is a standout for this property with two off-street driveways. This provides private parking for each unit with 4 stalls dedicated to the basement unit and 4 stalls plus the garage for the upper unit, 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. New tenants in place at market rent and the approved garage suite adds a second lever for those looking for a medium-term redevlopment. Note: current tenants do not smoke indoors, however a mild residual smoke odor is present in parts of the home. (id:64429)

Read More
Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: A2340686
  • Price: $440,000
  • Bedrooms: 6
  • Bathrooms: 5
  • Half Bathrooms: 2
  • Square Footage: 1,141 Sqft
  • Year Built: 1975
  • Status: Active
  • Office Name: eXp Realty
  • Property Sub Type: Single Family
  • Office Key: 275497
Features & Appliances
Features
  • Heating System: Natural gas, Other, Central heating
  • Cooling System: None
  • Basement: Finished, Full, Separate entrance, Suite
  • Fence: Partially fenced
  • Parking: Detached Garage, Parking Pad
  • Architectural Style: Bungalow
  • Exterior Features: Brick, Concrete, Stucco
  • Flooring: Laminate, Hardwood, Ceramic Tile
  • Fireplaces Total: 2
Address Map
  • Location: CA, Alberta, Olds, T4H1E2
  • Street: 48
  • Street Number: 4617
  • Street Suffix: Street
  • Longitude: W115° 54' 9''
  • Latitude: N51° 47' 32.2''
Additional Information
  • Construction Materials:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 51.78
  • Stories: 1.0
Financial
  • Tax Annual Amount: 4122
Powered by REALTOR.ca
Listing updated: 2026-09-11 02:47:04
List Your Property
Mortgage Calculator
Get Pre-Approved
$
$
%
%
years
Monthly Payment (Est.) $
Listing Information
  • List Agent Key: 2248329
  • List Office Key: 275497
  • Modification Timestamp: 2026-09-11T02:55:21Z
  • Originating System Name: Calgary Real Estate Board
  • Status Change Timestamp: 2026-09-11T02:47:09Z
Powered by REALTOR.ca
Listing updated: 2026-09-11 02:47:04
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By‐Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association.

The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non‐commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.

By continuing to use this website and its services, you agree to these

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with Zubic Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as part of their Mere Posting ComFree Listing Contract and in partnership with Imperium LLP – Rocky Kim.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!