House
Year Built: 1975
Area: 1141 sqft
Bedrooms: 6
Bathrooms: 5
Fireplaces: 2
Car Parking: 6
4617 48 Street Olds, Alberta T4H 1E2
$450,000
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). Available vacant or fully tenanted, depending on your strategy. (id:51913)
Property Details
| Features : Back Lane, Closet Organizers |
| Parking Space Total : 6 |
| Plan : 5706gd |
| Structure : Deck |
| MLS® Number : A2282536 |
| Property Type : Single Family |
Building
| Bathroom Total : 5 |
| Bedrooms Above Ground : 3 |
| Bedrooms Below Ground : 3 |
| Bedrooms Total : 6 |
| Appliances : Refrigerator, Dishwasher, Stove, Hood Fan, Window Coverings, Washer/dryer Stack-up |
| Architectural Style : Bungalow |
| Basement Development : Finished |
| Basement Features : Separate Entrance, Suite |
| Basement Type : Full (finished) |
| Constructed Date : 1975 |
| Construction Material : Poured Concrete, Wood Frame |
| Construction Style Attachment : Detached |
| Cooling Type : None |
| Exterior Finish : Brick, Concrete, Stucco |
| Fireplace Present : Yes |
| Fireplace Total : 2 |
| Flooring Type : Ceramic Tile, Hardwood, Laminate |
| Foundation Type : Poured Concrete |
| Half Bath Total : 2 |
| Heating Fuel : Natural Gas |
| Heating Type : Central Heating, Other |
| Stories Total : 1 |
| Size Interior : 1141 Sqft |
| Total Finished Area : 1141.06 Sqft |
| Type : House |
Land
| Size Total : 51.78 M2|0-4,050 Sqft |
| Size Total Text : 51.78 M2|0-4,050 Sqft |
| Size Frontage : 36.57 M |
| Acreage : No |
| Fence Type : Partially Fenced |
| Size Depth : 15.24 M |
| Size Irregular : 51.78 |
| Zoning Description : R3 |
Rooms
| Level | Type | Dimensions |
|---|---|---|
| Basement | 1pc Bathroom | .64 M x .59 M |
| Basement | 3pc Bathroom | 1.95 M x 1.43 M |
| Basement | 3pc Bathroom | 1.92 M x 1.43 M |
| Basement | Bedroom | 2.52 M x 2.97 M |
| Basement | Bedroom | 4.17 M x 2.69 M |
| Basement | Bedroom | 3.62 M x 2.67 M |
| Basement | Kitchen | 3.25 M x 3.19 M |
| Basement | Living Room | 6.67 M x 6.11 M |
| Basement | Furnace | 1.59 M x 2.32 M |
| Main Level | 2pc Bathroom | 2.14 M x .92 M |
| Main Level | 4pc Bathroom | 1.54 M x 2.73 M |
| Main Level | Bedroom | 3.34 M x 3.03 M |
| Main Level | Bedroom | 3.33 M x 3.04 M |
| Main Level | Dining Room | 3.35 M x 2.50 M |
| Main Level | Kitchen | 3.35 M x 2.78 M |
| Main Level | Laundry Room | 2.18 M x 1.68 M |
| Main Level | Living Room | 3.65 M x 5.29 M |
| Main Level | Primary Bedroom | 3.50 M x 3.47 M |
Map
Agents and Offices
- Michael Stoner
- Office: Exp Realty
