We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
4617 48 Street, Olds
2026-02-27
Quick Summary
- Location
- 4617 48 Street, Olds, Alberta T4H1E2
- Price
- $469,900
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 1141 sqft
- Bedrooms:
- 3 bed +3
- Bathrooms:
- 5
- Year of Construction:
- 1975
MLS®#A2282536
Property Description
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). Finally, Olds has announced a proposed 1 GW “Synapse†data centre development, a meaningful demand catalyst to watch as it progresses.Available vacant or fully tenanted, depending on your strategy. (id:32467)
Property Features
Building
- Appliances: Refrigerator, Dishwasher, Stove, Hood Fan, Window Coverings, Washer/Dryer Stack-Up
- Architectural Style: Bungalow
- Basement Development: Finished
- Basement Features: Separate entrance, Suite
- Basement Type: Full (Finished)
- Construction Style: Detached
- Cooling Type: None
- Exterior Finish: Brick, Concrete, Stucco
- Fireplace: Yes
- Flooring Type: Ceramic Tile, Hardwood, Laminate
- Interior Size: 1141 sqft
- Building Type: House
- Stories: 1
Features
- Feature: Back lane, Closet Organizers
Land
- Land Size: 51.78 m2|0-4,050 sqft
Ownership
- Type: Freehold
Structure
- Structure: Deck
Zoning
- Description: R3
Information entered by eXp Realty
Listing information last updated on: 2026-02-27 16:59:50
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.
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One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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- Email:
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- Support Area:
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