4617 48 Street, Olds, Alberta, T4H 1E2
4617 48 Street, Olds, Alberta, T4H 1E2
NONE, Olds
- $475,000
- $475,000
- A2282536
- 6
- 5
- 1141.06
- 0.01
- 1975
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). Finally, Olds has announced a proposed 1 GW “Synapse” data centre development, a meaningful demand catalyst to watch as it progresses.
Available vacant or fully tenanted, depending on your strategy.
Virtual Tour
Property Details
-
Property Type Detached, Residential
-
MLS Number A2282536
-
Property Size 1141.06 sqft
-
Bedrooms 6
-
Bathrooms 5
-
Garage 1
-
Year Built 1975
-
Property Status Active
-
Parking 6
-
Brokerage name eXp Realty
Features & Amenities
Similar Listings
12 hours ago
16 hours ago
3 days ago
3 days ago
Are you interested in 4617 48 Street, Olds, Alberta, T4H 1E2?
For over two decades, home buyers and sellers have come to depend on us for our expertise in buying and selling their properties.
