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:51989)
Features of 4617 48 Street
- MLS® Number A2282536
- Price $469,900
- Bedrooms: 6
- Bathrooms: 5
- Square Footage: 1141 sqft
- Property Type: House
- Features Back Lane, Closet Organizers
- Parking Space Total 6
- Plan 5706gd
- Structure Deck
Buildings
| 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 |
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 |
Agents and Offices
- Michael Stoner
- Office: Exp Realty