4617 48 Street Olds, Alberta T4H 1E2
$469,900
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. (id:57810)
Property Details
| MLS® Number | A2282536 |
| Property Type | Single Family |
| Features | Back Lane, Closet Organizers |
| Parking Space Total | 6 |
| Plan | 5706gd |
| Structure | Deck |
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 | 1,141 Ft2 |
| Total Finished Area | 1141.06 Sqft |
| Type | House |
Parking
| Detached Garage | 2 |
| Parking Pad |
Land
| Acreage | No |
| Fence Type | Partially Fenced |
| Size Depth | 15.24 M |
| Size Frontage | 36.57 M |
| Size Irregular | 51.78 |
| Size Total | 51.78 M2|0-4,050 Sqft |
| Size Total Text | 51.78 M2|0-4,050 Sqft |
| Zoning Description | R3 |
Rooms
| Level | Type | Length | Width | 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 |
https://www.realtor.ca/real-estate/29405564/4617-48-street-olds
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
March 10 2026 02:20:32
Calgary Real Estate Board
Exp Realty