For Sale: 4617 48 Street, Olds, AB - REW
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$449,000
6 bd • 5 ba • 1142 sf • House
4617 48 Street
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$449,000
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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 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.
Listed by: Michael Stoner, eXp Realty of Canada

Home facts and features

Price details
List Price
$449,000
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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
99 Days
Property Views
101
MLS® Number
A2282536
Source
Pillar 9
Board
Calgary Real Estate Board
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Purchase Price
Mortgage Total
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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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Olds Career High School
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Off Campus Learning
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Home Base
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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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Call Agent
Michael Stoner
Phone:
825-900-9695
Office:
403-262-7653
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