$440,000 | NONE Olds Detached for Sale at 4617 48 Street Olds

Explore 4617 48 Street , a Desirable NONE home for sale for $440,000! This NONE Bungalow Detached for sale in Olds has been listed on Real-Estate.ca for 24 days under MLS® #A2340686. This home is a 1,141 square foot Bungalow Single Family Detached built in 1975 with 6 bedrooms and 5.00 bathrooms. Parking is Double Garage Detached, Parking Pad and it has a Full basement. Explore the Olds real estate market and available NONE homes for sale!

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.

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