Address
4617 48 Street, Olds, AB
Price
$ 440,000
Property Attributes
- ID#A2340686
- TypeSingle Family
- Listing Status Active
- MunicipalityOlds
- CityOlds
- Postal CodeT4H 1E2
- StyleDetached
- Year Built1975
- Price$ 440,000
- Bedrooms3+3
- Bathrooms5
- Half Bathrooms0
- Sqr Footage1141
- Lot Size0.012786960514233 Acres
Data Source:
RLP - CREA EN
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 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.
General Features
| Zoning | R3 |
|---|---|
| Terms | SALE |
| Property Sub Type | Detached |
| jumpId | 29074042 |
| Property Subtype French | Detached |
| Listing Type French | House |
| MLS | A2340686 |
| Inclusions | N/A |
Interior Features
| Fireplace | yes |
|---|---|
| Living Area Range | 1141 sqft |
| Bedrooms | 3+3 |
| Beds | 6 |
| Total Baths | 5 |
| Total Baths | 5 |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in T4H 1E2
Price
Year Built