4617 48 Street, Olds

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. (id:66635)

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  $429,900

  406, 5133 49 Street, Olds

  2 bed · 3 bath · 1,420 sqft

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  $424,900

  5413 54 Street, Olds

  5 bed · 2 bath · 1,083 sqft

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  $419,900

  4833 49 Street, Olds

  4 bed · 2 bath · 1,078 sqft

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  $459,000

  5202 56 Avenue, Olds

  4 bed · 2 bath · 1,195 sqft