4617 48 Street, Olds
For sale30 days on hômmLast checked with the board’s feed
Listing photos
20 more photos in the full gallery.
$440,000 asking price
4617 48 Street, Olds in Mountain View County, Olds — listing provided by Michael Stoner of eXp Realty
- Beds
- 3+3
- Baths
- 5 full + 2 half
- Living area
- 1,141 sq ft
- Year built
- 1975
About this home
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.
Key facts
| MLS® number | A2340686 |
|---|---|
| Property type | Detached Single Family |
| Style | Bungalow |
| Lot size | 557 sq ft |
| Days on hômm | 30 days on hômm |
| Annual property tax | $4,122/year (2026) |
| Listing REALTOR® | Michael Stoner |
| Brokerage | eXp Realty |
Questions about this home
- Is this home still available?
Yes — at our last check this home was still on the market at $440,000 (30 days on hômm). A home can go under contract the same day an offer is accepted, so the “last checked” stamp near the top of this page is the honest measure of how current that is.
- How do I book a viewing?
Ask for a tour on this page, or book a call with hômm, and we will put you with a REALTOR® who arranges the showing with the listing brokerage — usually the same day.
Book a call with hômm- What is this home worth?
The asking price for 4617 48 Street, Olds is $440,000. What a home actually sells for is settled by what comparable homes nearby have recently sold for, its condition, and how it is priced against them — not by an online figure. A REALTOR® can walk you through the recent sales on this street before you write an offer. If it is your own home you are wondering about, hômm’s free home-worth tool gives you a starting number in about a minute.
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About Olds
Website provided by Kelly Grant
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Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).