4617 48 Street
Olds T4H 1E2
MLS® Number: A2282536
$ 469,900
6
BEDROOMS
3 + 2
BATHROOMS
1,141
SQUARE FEET
1975
YEAR BUILT
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.
| COMMUNITY | |
| PROPERTY TYPE | Detached |
| BUILDING TYPE | House |
| STYLE | Bungalow |
| YEAR BUILT | 1975 |
| SQUARE FOOTAGE | 1,141 |
| BEDROOMS | 6 |
| BATHROOMS | 5.00 |
| BASEMENT | Full |
| AMENITIES | |
| APPLIANCES | Dishwasher, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Washer/Dryer Stacked, Window Coverings |
| COOLING | None |
| FIREPLACE | Wood Burning |
| FLOORING | Ceramic Tile, Hardwood, Laminate |
| HEATING | Central, Fireplace(s), Natural Gas |
| LAUNDRY | In Basement, Main Level |
| LOT FEATURES | Back Lane, Back Yard, Corner Lot, Front Yard |
| PARKING | Double Garage Detached, Parking Pad |
| RESTRICTIONS | None Known |
| ROOF | Asphalt Shingle, Metal |
| TITLE | Fee Simple |
| BROKER | eXp Realty |
| ROOMS | DIMENSIONS (m) | LEVEL |
|---|---|---|
| 1pc Bathroom | 2`1" x 1`11" | Basement |
| 3pc Bathroom | 6`5" x 4`8" | Basement |
| 3pc Bathroom | 6`4" x 4`8" | Basement |
| Bedroom | 8`3" x 9`9" | Basement |
| Bedroom | 13`8" x 8`10" | Basement |
| Bedroom | 11`11" x 8`9" | Basement |
| Kitchen | 10`8" x 10`6" | Basement |
| Living Room | 21`11" x 20`1" | Basement |
| Furnace/Utility Room | 5`3" x 7`7" | Basement |
| 2pc Ensuite bath | 7`0" x 3`0" | Main |
| 4pc Bathroom | 5`1" x 9`0" | Main |
| Bedroom | 11`0" x 9`11" | Main |
| Bedroom | 10`11" x 10`0" | Main |
| Dining Room | 11`0" x 8`2" | Main |
| Kitchen | 11`0" x 9`1" | Main |
| Laundry | 7`2" x 5`6" | Main |
| Living Room | 12`0" x 17`4" | Main |
| Bedroom - Primary | 11`6" x 11`5" | Main |
