Property Information:

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.

Inclusions: N/A

Building Features:

Total Finished Area: 1141.06

Property Features:

Bedrooms: 3+3
Bathrooms: 3+2
Architectural Style: Bungalow
Built in: 1975
Construction Materials: Brick, Concrete, Stucco, Wood Frame
Cooling: None
Exterior Features: Private Entrance, Private Yard, Rain Gutters
Fireplace Features: Wood Burning
Floor Space (approx): 1141.06 Square Feet
Flooring: Ceramic Tile, Hardwood, Laminate
Foundation Details: Poured Concrete
Heating: Central, Fireplace(s), Natural Gas
Interior Features: Bookcases, Ceiling Fan(s), Closet Organizers
Levels: One
Lot Size: 557.00 Square Feet
Parking Features: Double Garage Detached, Parking Pad
Roof: Asphalt Shingle, Metal
Zoning: R3
No. of Parking Spaces: 6

Courtesy of: eXp Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Demographic Information of 4617 48 Street, Olds, AB, T4H 1E2

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$106,460.09

Average Number of Children

1.80

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.96 %

High school certificate or equivalent

28.06 %

Apprenticeship trade certificate/diploma

10.84 %

College/non-university certificate

24.54 %

University certificate (below bachelor)

1.72 %

University Degree

15.88 %

Commuter

Travel To Work

By Car

81.11 %

By Public Transit

0.0 %

By Walking

18.21 %

By Bicycle

0.0 %

By Other Methods

0.68 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

29.23 %

Houses

70.77 %

4617 48 Street, Olds, AB, T4H 1E2