$440,000
4617 48 Street
Olds
- 6 bedrooms
- 5 (2 half) bathrooms
- 1,141 sq ft
About this home
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:67770)
Facts
- Bedrooms
- 6
- Bathrooms
- 5 (2 half)
- Living area
- 1,141 sq ft
- Home type
- House
- Year built
- 1975
- Lot size
- 51.78 square meters
- Parking
- 6
- Property taxes
- $4,122 (2026)
- MLS® number
- A2340686
Features
- Heating
- Natural gas, Central heating, Other
- Cooling
- None
- Basement
- Finished, Full, Separate entrance, Suite
- Flooring
- Hardwood, Laminate, Ceramic Tile
- Appliances
- Refrigerator, Dishwasher, Stove, Hood Fan, Window Coverings, Washer/Dryer Stack-Up
- Parking
- Detached Garage, Parking Pad
- Exterior Features
- Concrete, Brick, Stucco
Rooms
| 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
Listed by eXp Realty
Listing data is supplied by the CREA Data Distribution Facility (DDF®). It is deemed reliable but not guaranteed and should be independently verified. It is provided for consumers’ personal, non-commercial use to identify properties they may be interested in purchasing.