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$449,000
Alberta,Olds
For Sale Active
4617 48 Street, Olds, Alberta T4H1E2
  • 6
  • 5
  • 1,141 Sqft
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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 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:64429)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: A2282536
  • Price: $449,000
  • Bedrooms: 6
  • Bathrooms: 5
  • Half Bathrooms: 2
  • Square Footage: 1,141 Sqft
  • Year Built: 1975
  • Status: Active
  • 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: 3280
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Listing updated: 2026-06-24 14:04:28
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Listing Information
  • List Agent Key: 2248329
  • List Office Key: 275497
  • Modification Timestamp: 2026-06-24T03:55:02Z
  • Originating System Name: Calgary Real Estate Board
  • Status Change Timestamp: 2026-06-24T03:49:41Z
Powered by REALTOR.ca
Listing updated: 2026-06-24 14:04:29
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