$440,000
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4617 48 Street, Olds, AB T4H1E2

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6 Beds
5 Baths
1,141 Sq Ft

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 Towns 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. (id:58753)

  • MLS® A2340686
  • Date Listed08/28/2026
  • Days on Realty 29 Days
  • Bedrooms 6
  • Bathrooms 5 baths
  • Lot Size 557 sq. ft
  • Year Built 1975
  • Square Feet 1,141 sq. ft
  • Price Per Sq. Ft $385.63

Interior Features

  • Appliances Refrigerator, Dishwasher, Stove, Hood Fan, Window Coverings, Washer/ Dryer Stack- Up
  • Flooring Hardwood, Laminate, Ceramic Tile
  • Cooling None
  • Heating Natural gas, Central heating, Other

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 557.36
  • Lot Features Back lane, Closet Organizers

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T4H1E2

Discover key demographics, population statistics, and environmental insights for the Olds, AB area.

Walkability in AB / T4H1E2

Source: Walk Score

76/100

Very Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

57/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 17/100, Transit Score: 0/100, Bike Score: 31/100.

Points of Interest near 4617 48 Street, Olds, AB T4H1E2

Frequently Asked Questions for 4617 48 Street

Source: Realty.com

4617 48 Street, Olds, AB T4H1E2 in Olds, AB T4H1E2 is a single family residence listed at $440,000. Highlights include 6 bedrooms, 5 bathrooms, 1,141 sq. ft., built in 1975, $386 per sq. ft.. Realty.ca has 32 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 32 photos of 4617 48 Street.

Our records indicate that 4617 48 Street was built in 1975.

The full address for this home is 4617 48 Street, Olds, AB T4H1E2.

4617 48 Street has been listed on Realty.com since Fri August 28, 2026

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 17/100, Transit Score: 0/100, Bike Score: 31/100.

This content last refreshed on 2026-09-26 21:48:35. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.