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.
For sale
C$435,000
4617 N 48th St, Olds, AB T4H 1E2
6beds
1,141sqft
Single Family Residence
Built in 1975
435 Square Feet Lot
$-- Zestimate®
C$381/sqft
C$-- HOA
What's special
Street parking out front
- 131 days |
- 12 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Michael Stoner, Associate,
Exp Realty
Source: courtesy of Pillar9 System,MLS®#: A2282536
Originating MLS®#: Calgary
Originating MLS®#: CalgaryFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Bedroom
- Level: Main
- Dimensions: 11`0" x 9`11"
Bedroom
- Level: Main
- Dimensions: 10`11" x 10`0"
Other
- Level: Main
- Dimensions: 11`6" x 11`5"
Bedroom
- Level: Basement
- Dimensions: 8`3" x 9`9"
Bedroom
- Level: Basement
- Dimensions: 13`8" x 8`10"
Bedroom
- Level: Basement
- Dimensions: 11`11" x 8`9"
Other
- Level: Main
- Dimensions: 5`1" x 9`0"
Other
- Level: Basement
- Dimensions: 2`1" x 1`11"
Other
- Level: Basement
- Dimensions: 6`5" x 4`8"
Other
- Level: Basement
- Dimensions: 6`4" x 4`8"
Other
- Level: Main
- Dimensions: 7`0" x 3`0"
Dining room
- Level: Main
- Dimensions: 11`0" x 8`2"
Other
- Level: Basement
- Dimensions: 5`3" x 7`7"
Kitchen
- Level: Main
- Dimensions: 11`0" x 9`1"
Kitchen
- Level: Basement
- Dimensions: 10`8" x 10`6"
Laundry
- Level: Main
- Dimensions: 7`2" x 5`6"
Living room
- Level: Main
- Dimensions: 12`0" x 17`4"
Living room
- Level: Basement
- Dimensions: 21`11" x 20`1"
Heating
- Central, Fireplace(s), Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Washer/Dryer Stacked
- Laundry: In Basement, Main Level
Features
- Bookcases, Ceiling Fan(s), Closet Organizers
- Flooring: Ceramic Tile, Hardwood, Laminate
- Windows: Window Coverings
- Basement: Full
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 1,141 sqft
- Finished area above ground: 1,141
- Finished area below ground: 1,036
Property
Parking
- Total spaces: 6
- Parking features: Double Garage Detached, Parking Pad
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Private Entrance, Private Yard, Rain Gutters
- Fencing: Partial
- Frontage length: 36.57M 120`0"
Lot
- Size: 435 Square Feet
- Features: Back Lane, Back Yard, Corner Lot, Front Yard
Details
- Parcel number: 103696749
- Zoning: R3
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick, Concrete, Stucco, Wood Frame
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle,Metal
Condition
- New construction: No
- Year built: 1975
Community & HOA
Community
- Features: None
- Subdivision: NONE
HOA
- Has HOA: No
Location
- Region: Olds
Financial & listing details
- Price per square foot: C$381/sqft
- Date on market: 2/27/2026
- Inclusions: N/A
Michael Stoner, Associate
Michael Stoner, Associate
(825) 900-9695
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Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: T4H
Nearby schools
GreatSchools rating
No schools nearby
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- Alberta
- Division No. 6
- Olds
- T4H 1E2
- 4617 N 48th St
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