4617 48 Street, Olds, AB T4H1E2
4617 48 Street, Olds, AB T4H1E2
4617 48 Street, Olds, AB T4H1E2
4617 48 Street, Olds, AB T4H1E2
4617 48 Street, Olds, AB T4H1E2
4617 48 Street, Olds, AB T4H1E2
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Sherry Johnston

Sherry Johnston

+1(403) 850-1234
$ 440,000
Est. payment | /mo

6 Beds

5 Baths

1,141 SqFt

Save Virtual Tour
$ 440,000
Est. payment | /mo
Save Virtual Tour

6 Beds

5 Baths

1,141 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1141

Square Footage 1,141 sqft

Price per Sqft $385

MLS® Listing ID A2340686

Style Bungalow

Bedrooms 6

Half Baths 2

Year Built 1975

Lot Size 557 Sqft

Acres 0.012795117

Property Sub-Type Freehold

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. (id:24570)

Location

Province AB

Rooms

Kitchen 2.0

Extra Room 1 Basement .64 M x .59 M 1pc Bathroom

Extra Room 2 Basement 1.95 M x 1.43 M 3pc Bathroom

Extra Room 3 Basement 1.92 M x 1.43 M 3pc Bathroom

Extra Room 4 Basement 2.52 M x 2.97 M Bedroom

Extra Room 5 Basement 4.17 M x 2.69 M Bedroom

Extra Room 6 Basement 3.62 M x 2.67 M Bedroom

Interior

Heating Central heating, Other,

Cooling None

Flooring Ceramic Tile, Hardwood, Laminate

Fireplaces Number 2

Exterior

Parking Features Yes

Garage Spaces 2.0

Garage Description 2

Fence Partially fenced

View Y/N No

Attached Garage No

Total Parking Spaces 6

Garage Yes

Private Pool No

Building

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

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Listed by eXp Realty

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Sherry Johnston
Sherry Johnston

Agent

+1(403) 850-1234 | sherry.johnston@exprealty.com

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4617 48 Street