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4617 48 Street

Olds, AB, T4H1E2

Listed by eXp Realty

$440,000

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  • 3+3 bedrooms
  • 5 bathrooms
  • 6 parking
  • 1141 sq ft

Listed 54 days ago · MLS® A2340686

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:66966)

Details

Type
Detached
Style
Bungalow
Size
1141 sq ft
Basement
Finished, Full, Separate entrance, Suite
Garage
Garage
Property tax
$4,122 (2026)
Municipality
Olds

Interior

Bedrooms
3 above ground + 3 below
Fireplace
Yes
Appliances
Refrigerator, Dishwasher, Stove, Hood Fan, Window Coverings, Washer/Dryer Stack-Up
Flooring
Hardwood, Laminate, Ceramic Tile

Heating, cooling and services

Heating
Natural gas, Central heating

Building and exterior

Style
Bungalow
Year built
1975
Exterior
Poured concrete, Wood frame
Foundation
Poured Concrete
Outdoor
Concrete, Brick, Stucco

Parking

Total parking
6
Driveway and parking
Detached Garage, Parking Pad

Rooms

RoomLevelSizeFeatures
2pc BathroomMain level.92 M x 2.14 M
4pc BathroomMain level2.73 M x 1.54 M
BedroomMain level3.03 M x 3.34 M
BedroomMain level3.04 M x 3.33 M
Dining roomMain level2.50 M x 3.35 M
KitchenMain level2.78 M x 3.35 M
Laundry roomMain level1.68 M x 2.18 M
Living roomMain level5.29 M x 3.65 M
Primary BedroomMain level3.47 M x 3.50 M
1pc BathroomBasement.59 M x .64 M
3pc BathroomBasement1.43 M x 1.95 M
3pc BathroomBasement1.43 M x 1.92 M
BedroomBasement2.97 M x 2.52 M
BedroomBasement2.69 M x 4.17 M
BedroomBasement2.67 M x 3.62 M
KitchenBasement3.19 M x 3.25 M
Living roomBasement6.11 M x 6.67 M
FurnaceBasement2.32 M x 1.59 M

Location

Location is approximate. See nearby homes on the map

Listed by eXp Realty.

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