4617 48 Street
Olds
T4H 1E2
$440,000
Residential
beds: 6
baths: 5.0
1,141 sq. ft.
built: 1975
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2340686
- Bedrooms:
- 6
- Bathrooms:
- 5
- Year Built:
- 1975
- Photos (32)
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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.
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- Yes
- Num Legal Suites:
- 1
- Num Illegal Suites:
- 0
- Home Style:
- Bungalow
- Total Living Area:
- 1,141.06 sq. ft.
- Main Level Finished Area:
- 1,141.06 sq. ft.
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Below Grade Finished Area:
- 1,036.32 sq. ft.
- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
- Signup
- Acreage:
- No
- Lot Area:
- 557 sq. ft.
- Lot Frontage:
- 119'11⅞"
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
- Signup
- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
- Signup
- Acres Tame Hay:
- Signup
- Acres Treed:
- Signup
- Acres Waste:
- Signup
- Acres Water Rights:
- Signup
- Front Exposure:
- North
- Reg. Size:
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- Reg. Size Includes:
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- Levels:
- One
- Total Rooms Above Grade:
- 6
- Year built:
- 1975 (Age: 51)
- Bedrooms:
- 6 (Above Grd: 3)
- Bedrooms Above Grade:
- 3
- Bedrooms On Main:
- 3
- Bedrooms Below Grade:
- 3
- Bathrooms:
- 5.0 (Full:3, Half:2)
- Num Ensuite Baths:
- 1
- Plan:
- 5706GD
- Heating:
- Central, Fireplace(s), Natural Gas
- Basement:
- Full, Finished, Separate/Exterior Entry
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Brick, Concrete, Stucco, Wood Frame
- Structure Type:
- House
- Roof:
- Asphalt Shingle, Metal
- Ensuite:
- Yes
- Flooring:
- Ceramic Tile, Hardwood, Laminate
- Cooling:
- None
- Fireplaces:
- 2
- Fireplace Details:
- Wood Burning
- Garage:
- Yes
- Garage Spaces:
- 2
- Parking:
- Double Garage Detached, Parking Pad
- Parking Places:
- 6
- Parking Total/Covered:
- 6 / -
- Laundry Features:
- In Basement, Main Level
- Dishwasher, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Washer/Dryer Stacked, Window Coverings
- N/A
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Bedroom
- 11' × 9'11"
- Main Floor
- Bedroom
- 10'11" × 10'
- Main Floor
- Dining Room
- 11' × 8'2"
- Main Floor
- Kitchen
- 11' × 9'1"
- Main Floor
- Laundry
- 7'2" × 5'6"
- Main Floor
- Living Room
- 17'4" × 12'
- Main Floor
- Bedroom - Primary
- 11'6" × 11'5"
- Basement
- Bedroom
- 9'9" × 8'3"
- Basement
- Bedroom
- 13'8" × 8'10"
- Basement
- Bedroom
- 11'11" × 8'9"
- Basement
- Kitchen
- 10'8" × 10'6"
- Basement
- Living Room
- 21'11" × 20'1"
- Basement
- Furnace/Utility Room
- 7'7" × 5'3"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- Yes
- 2
- 3' x 7'
- Main Floor
- No
- 4
- 9' x 5'1"
- Basement
- No
- 1
- 1'11" x 2'1"
- Basement
- No
- 3
- 4'8" x 6'5"
- Basement
- No
- 3
- 4'8" x 6'4"
- Title to Land:
- Fee Simple
- Community Features:
- None
- Interior Features:
- Bookcases, Ceiling Fan(s), Closet Organizers
- Exterior Features:
- Private Entrance, Private Yard, Rain Gutters
- Patio And Porch Features:
- Deck
- Lot Features:
- Back Lane, Back Yard, Corner Lot, Front Yard
- Num. of Parcels:
- 0
- Fencing:
- Partial
- Region:
- Mountain View County
- Zoning:
- R3
- Listed Date:
- Aug 28, 2026
- Days on Mkt:
- Signup
-
Photo 1 of 32 -
Photo 2 of 32
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Side parking pad (for basement tenant)
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Front Entryway
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Kitchen
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Photo 6 of 32
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Photo 7 of 32
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Photo 8 of 32
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Living Room
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Photo 10 of 32
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Bedroom 1
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Bedroom 2
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Main Floor Bathroom
-
Primary Bedroom
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Primary Bedroom
-
Ensuite
-
Main Floor Laundy
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Basement Living Room & Kitchen
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Basement Living Room
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Basement Kitchen
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Basement Bedroom 1
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Basement Bedroom 1
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Basement Bedroom 2
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Basement Bedroom 2
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Basement Bedroom 3
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Basement Bedroom 3
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Basement 3 Piece Bathroom
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Basement Laundry & Utility Room
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Basement Bathroom #2
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Double detached garage & Shed
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Side of House
-
Garage interior
Listed by eXp Realty
Data was last updated August 29, 2026 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 57
- Avg list price:
- $599,900
- Min list price:
- $179,900
- Max list price:
- $1,200,000
- Avg days on market:
- 44
- Min days on market:
- 1
- Max days on market:
- 394
- Avg price per sq.ft.:
- $416.61
These statistics are generated based on the current listing's property type
and located in
Olds. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- ANDREW LEE
- EXP REALTY, BROKERAGE
- 1 (403) 6158709
- Contact by Email
Office Address:
700 - 1816 Crowchild Trail NW
Calgary, AB, T2M 3Y7