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  4. 4617 48 Street, Olds, Alberta, T4H 1E2

4617 48 Street, Olds, Alberta, T4H 1E2

  • $469,900
  • $469,900
  • A2282536
  • MLS Number
  • 6
  • Bedrooms
  • 5
  • Bathrooms
  • 1141.06
  • sqft
  • 0.01
  • Lot sqft
  • 1975
  • Year Built
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.
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
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