4617 48 ST Olds, AB T4H 1E2
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1141.06
Square Footage 1,141 sqft
Price per Sqft $385
MLS Listing ID A2340686
Style Bungalow
Bedrooms 6
Full Baths 3
Half Baths 2
HOA Y/N No
Year Built 1975
Lot Size 435 Sqft
Acres 0.01
Property Sub-Type Detached
Property Description
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.
Location
Province AB
County 0226
Zoning R3
Location Details Suite Attached/Within Primary Dwelling
Rooms
Basement Separate/Exterior Entry, Full, Finished
Guest Accommodations Basement
Interior
Interior Features Bookcases, Ceiling Fan(s), Closet Organizers
Heating Central, Fireplace(s), Natural Gas
Cooling None
Flooring Ceramic Tile, Hardwood, Laminate
Fireplaces Number 2
Fireplaces Type Wood Burning
Fireplace Yes
Appliance Dishwasher, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Washer/Dryer Stacked, Window Coverings
Laundry In Basement, Main Level
Exterior
Exterior Feature Private Entrance, Private Yard, Rain Gutters
Parking Features Double Garage Detached, Parking Pad
Garage Spaces 2.0
Fence Partial
Community Features None
Roof Type Asphalt Shingle,Metal
Porch Deck
Total Parking Spaces 6
Garage Yes
Building
Lot Description Back Lane, Back Yard, Corner Lot, Front Yard
Dwelling Type House
Faces N
Story One
Foundation Poured Concrete
Architectural Style Bungalow
Dwelling Type Suite Attached/Within Primary Dwelling
Level or Stories One
New Construction No
Others
Restrictions None Known
Virtual Tour https://unbranded.youriguide.com/4617_48_st_olds_ab