4617 48 ST, Olds, AB T4H 1E2
4617 48 ST, Olds, AB T4H 1E2
4617 48 ST, Olds, AB T4H 1E2
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
$449,000
Est. payment /mo
6 Beds
5 Baths
1,141 SqFt
Save

UPDATED:

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 $393

MLS® Listing ID A2282536

Style Bungalow

Bedrooms 6

Full Baths 3

Half Baths 2

Year Built 1975

Annual Tax Amount $3,280

Tax Year 2025

Lot Size 557 Sqft

Acres 0.01

Property Sub-Type Detached

Source 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

Province 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

Laundry In Basement, Main Level

Exterior

Parking Features Double Garage Detached, Parking Pad

Garage Spaces 2.0

Fence Partial

Community Features None

Roof Type Asphalt Shingle,Metal

Porch Deck

Lot Frontage 119.99

Total Parking Spaces 6

Garage 1

Building

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

Foundation Poured Concrete

Architectural Style Bungalow

Level or Stories One

Structure Type Brick,Concrete,Stucco,Wood Frame

Others

Restrictions None Known

Tax ID 103696749

Ownership Private


Read Less Info
Listed by eXp Realty

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message
Josh Hamilton

+1(403) 608-1314

josh@joshhamilton.ca

USH00385_Blend3Y_sm

Go tour this home

4617 48 ST