For Sale: 4617 48 Street, Olds, AB - REW
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$440,000
6 bd • 5 ba • 1142 sf • House
4617 48 Street
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$440,000
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4617 48th StreetOlds, AB, T4H 1E2

  • 6 Bed
  • 5 Bath
  • 1142 Sqft
  • House

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.
Listed by: Michael Stoner, eXp Realty of Canada

Home facts and features

Price details
List Price
$440,000
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Home facts
Bedrooms
6
Full Bathrooms
3
Partial Bathrooms
2
Parking Spaces
2
Property Type
House
Lot Size
436 ft²
Frontage
119.99 ft
Year Built
Built in 1975 (51 yrs old)
Style
Bungalow
Heating Type
Central,Fireplace(s),Natural Gas
Basement Details
Full
Features
Back Lane, Back Yard, Bookcases, Ceiling Fan(s), Closet Organizers, Corner Lot, Front Yard, In Basement, Main Level, Private Entrance, Private Yard, Rain Gutters, Wood Burning
Appliances
Dishwasher, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Washer/dryer Stacked, Window Coverings
Agent details
Primary Agent
Primary Broker
eXp Realty of Canada
Listing details
Days on REW
8 Days
MLS® Number
A2340686
Source
Pillar 9
Board
Calgary Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Olds Mountain View Christian School
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Olds Junior Senior High School
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Home Base
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Off Campus Learning
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Olds Career High School
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École Olds Elementary School
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Horizon Alternate Program
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École Deer Meadow School
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Holy Trinity School
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Michael Stoner
Phone:
825-900-9695
Office:
403-262-7653
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