TURNKEY HIGH-YIELD INVESTMENT | LEGAL SUITE | FULLY TENANTED TO 2027 | PRIME LOCATION. Rare opportunity to acquire a proven income-producing asset in one of Olds' most sought-after rental locations. Directly across from Olds College, this fully leased property offers the ideal combination of strong cash flow, stable tenancy, and long-term appreciation potential, making it a standout addition to any real estate portfolio. Positioned on a massive 10,000+ sq. ft. corner lot, this extensively updated bungalow features 6 bedrooms, 4 full bathrooms, a LEGAL secondary suite, and an oversized double detached garage, creating multiple income streams and broad tenant appeal. Even better, tenants are already in place with leases secured through March 2027, providing investors with immediate revenue and eliminating costly vacancy risk from day one. The bright and modern upper level showcases updated vinyl plank flooring, large sun-filled windows, and a beautifully renovated kitchen complete with quartz countertops, contemporary cabinetry, a large island, and abundant storage. The main level offers 3 spacious bedrooms, 2 full bathrooms, and in-suite laundry, creating an attractive rental product for quality tenants.The fully legal lower suite features its own private entrance, a spacious living area anchored by a charming brick fireplace, large windows, an updated kitchen, newer flooring throughout, 3 additional bedrooms, 2 full bathrooms, and separate laundry, maximizing rental flexibility and income potential. Outside, the impressive corner lot provides exceptional curb appeal, plenty of green space, deck, patio, ample parking, and a substantial 33' x 23' oversized double garage, a highly desirable feature for tenants and future owners alike.Recent upgrades including paint, flooring, kitchens, fixtures, and finishes make this a true turnkey investment with strong tenant retention appeal. (id:32467)

Ammenities Near By

• Ammenities Near By: Park, Playground, Recreation Nearby, Schools, Shopping

Building

• Appliances: Washer, Refrigerator, Cooktop - Electric, Dishwasher, Stove, Dryer, Microwave Range Hood Combo, Hood Fan, Garage door opener
• Architectural Style: Bungalow
• Basement Development: Finished
• Basement Features: Separate entrance, Walk-up, Suite
• Basement Type: Full (Finished)
• Construction Style: Detached
• Cooling Type: None
• Exterior Finish: Stone, Stucco
• Fireplace: No
• Flooring Type: Tile, Vinyl Plank
• Interior Size: 1326 sqft
• Building Type: House
• Stories: 1

Features

• Feature: See remarks, Other, Back lane, PVC window, Level

Land

• Land Size: 956 m2|7,251 - 10,889 sqft

Ownership

• Type: Freehold

Structure

• Structure: Deck

Zoning

• Description: R2

Information entered by RE/MAX Real Estate (Mountain View)
Listing information last updated on: 2026-08-12 04:01:26