4617 48 St, Olds, AB

Name: 4617 48 St, For Sale in Olds - Zoocasa
Brand: EXP REALTY
SKU: A2282536
Price: 469900 CAD

House

For Sale

Listed price in listed location currency (CAD).

$469,900

656

MLS® A2282536

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size 1141 sqft

Garage Yes

Taxes

Days Active 7

Lot Size 0.01 acres

Approx. Age 1975

Avg. Price Per Sqft $411

MLS® Number A2282536

Property Address: 4617 48 St, Olds, AB, T4H1E2

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberA2282536

Laundry LevelIn Basement, Main Level

Central VacNo

FireplaceNo

Acreage0.01

Exterior

GarageYes

Approx. Age1975

BasementFull

DrivewayDouble Garage Detached, Parking Pad

Garage Spaces2

Heat

A/C

Heating Fuel

Extras

N/A

Rooms

Change to metres

Other:Basement8.84 × 13.67 ft

Other:Basement7.59 × 5.25 ft

Other:Main Floor11.42 × 11.5 ft

Other:Basement8.75 × 11.92 ft

Other:Main Floor9 × 5.09 ft

Living Room:Basement20.09 × 21.92 ft

Other:Main Floor5.5 × 7.17 ft

Other:Main Floor3 × 7 ft

Kitchen:Basement10.5 × 10.67 ft

Other:Basement9.75 × 8.25 ft

Other:Main Floor10 × 10.92 ft

Other:Basement1.92 × 2.09 ft

Dining Room:Main Floor8.17 × 11 ft

Other:Main Floor9.92 × 11 ft

Other:Basement4.67 × 6.34 ft

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 26, 2026List Date

$469,900List Price

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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