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 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. (id:1945)
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Property details for 4617 48 Street, Olds
- Type
- Residential
- Style
- Bungalow
- Bedrooms
- 6
- Bathrooms
- 5
- Living Area
- 1,141 square feet
- Lot Size
- 51.78
- Stories
- 1
- Basement
- Finished, Full, Separate entrance, Suite
- Parking
- Detached Garage, Parking Pad
- Heating
- Natural gas, Central heating, Other
- Cooling
- None
- Exterior
- Concrete, Brick, Stucco
- Ownership
- Freehold
- Annual Taxes
- $4,122 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 4617 48 Street
Active Listings
2
Min Price
$440,000
Max Price
$1,147,000
Avg Price
$793,500
Days on Market
168
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Price History
Listed
August 28, 2026
by eXp Realty
Current Price
$440,000
+1.1% from last change
Type
Residential
For Sale
Price Changes
6
| Date | Price | Change |
|---|---|---|
| Current | $440,000 | +$5,000 (+1.1%) |
| Aug 28, 2026 | $435,000 | $14,000 (-3.1%) |
| Jun 29, 2026 | $449,000 | $1,000 (-0.2%) |
| May 8, 2026 | $450,000 | +$1,000 (+0.2%) |
| May 8, 2026 | $449,000 | $1,000 (-0.2%) |
| May 8, 2026 | $450,000 | $19,900 (-4.2%) |
| Apr 3, 2026 | $469,900 | Listed |
Contact Agent Get in touch about 4617 48 Street, Olds
Michael Stoner
eXp Realty
