4617 48 STREET

Olds, , T4H1E2, Canada

$450,000

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.

EXTRAS: Refrigerator, Dishwasher, Stove, Hood Fan, Window Coverings, Washer/Dryer Stack-Up

Last updated on : Tuesday 14th of April 2026 10:10:30 AM

ADDRESS

Street : 4617 48 STREET

City : Olds

Country : Canada

Postal Code : T4H1E2

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PROPERTY SUMMARY

Property ID : A2282536

Building Type : House

Property Type : Single Family

Bedrooms : 3 + 3

Bathrooms : 5 + 2

Parking : 6

Parking Type: Detached Garage, Parking Pad

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