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4617 48 Street
Olds Olds T4H 1E2

$440,000
Residential beds: 6 baths: 5.0 1,141 sq. ft. built: 1975

Main Photo: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 1: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 2: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 3: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 4: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 5: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 6: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 7: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 8: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 9: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 10: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 11: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 12: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 13: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 14: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 15: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 16: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 17: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 18: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 19: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 20: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 21: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 22: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 23: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 24: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 25: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 26: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 27: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 28: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 29: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 30: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 31: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Photo 32: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2340686
Bedrooms:
6
Bathrooms:
5
Year Built:
1975
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.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
Yes
Num Legal Suites:
1
Num Illegal Suites:
0
Home Style:
Bungalow
Total Living Area:
1,141.06 sq. ft.
Main Level Finished Area:
1,141.06 sq. ft.
Below Grade Finished Area:
1,036.32 sq. ft.
Acreage:
No
Lot Area:
557 sq. ft.
Lot Frontage:
119'11⅞"
Front Exposure:
North
Levels:
One
Total Rooms Above Grade:
6
Year built:
1975 (Age: 51)
Bedrooms:
6 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms On Main:
3
Bedrooms Below Grade:
3
Bathrooms:
5.0 (Full:3, Half:2)
Num Ensuite Baths:
1
Plan:
5706GD
Heating:
Central, Fireplace(s), Natural Gas
Basement:
Full, Finished, Separate/Exterior Entry
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Concrete, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle, Metal
Ensuite:
Yes
Flooring:
Ceramic Tile, Hardwood, Laminate
Cooling:
None
Fireplaces:
2
Fireplace Details:
Wood Burning
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached, Parking Pad
Parking Places:
6
Parking Total/Covered:
6 / -
Laundry Features:
In Basement, Main Level
Dishwasher, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Washer/Dryer Stacked, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
11' × 9'11"
Main Floor
Bedroom
10'11" × 10'
Main Floor
Dining Room
11' × 8'2"
Main Floor
Kitchen
11' × 9'1"
Main Floor
Laundry
7'2" × 5'6"
Main Floor
Living Room
17'4" × 12'
Main Floor
Bedroom - Primary
11'6" × 11'5"
Basement
Bedroom
9'9" × 8'3"
Basement
Bedroom
13'8" × 8'10"
Basement
Bedroom
11'11" × 8'9"
Basement
Kitchen
10'8" × 10'6"
Basement
Living Room
21'11" × 20'1"
Basement
Furnace/Utility Room
7'7" × 5'3"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
2
3' x 7'
Main Floor
No
4
9' x 5'1"
Basement
No
1
1'11" x 2'1"
Basement
No
3
4'8" x 6'5"
Basement
No
3
4'8" x 6'4"
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Bookcases, Ceiling Fan(s), Closet Organizers
Exterior Features:
Private Entrance, Private Yard, Rain Gutters
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Corner Lot, Front Yard
Num. of Parcels:
0
Fencing:
Partial
Region:
Mountain View County
Zoning:
R3
Listed Date:
Aug 28, 2026
  • Photo 1: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Photo 1 of 32
  • Photo 2: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Photo 2 of 32
  • Photo 3: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Side parking pad (for basement tenant)
  • Photo 4: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Front Entryway
  • Photo 5: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Kitchen
  • Photo 6: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Photo 6 of 32
  • Photo 7: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Photo 7 of 32
  • Photo 8: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Photo 8 of 32
  • Photo 9: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Living Room
  • Photo 10: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Photo 10 of 32
  • Photo 11: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Bedroom 1
  • Photo 12: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Bedroom 2
  • Photo 13: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Main Floor Bathroom
  • Photo 14: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Primary Bedroom
  • Photo 15: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Primary Bedroom
  • Photo 16: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Ensuite
  • Photo 17: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Main Floor Laundy
  • Photo 18: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Basement Living Room & Kitchen
  • Photo 19: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Basement Living Room
  • Photo 20: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Basement Kitchen
  • Photo 21: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Basement Bedroom 1
  • Photo 22: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Basement Bedroom 1
  • Photo 23: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Basement Bedroom 2
  • Photo 24: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Basement Bedroom 2
  • Photo 25: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Basement Bedroom 3
  • Photo 26: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Basement Bedroom 3
  • Photo 27: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Basement 3 Piece Bathroom
  • Photo 28: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Basement Laundry & Utility Room
  • Photo 29: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Basement Bathroom #2
  • Photo 30: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Double detached garage & Shed
  • Photo 31: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Side of House
  • Photo 32: 4617 48 Street in Olds: Detached for sale : MLS®# A2340686
    Garage interior
Listed by eXp Realty
Data was last updated September 7, 2026 at 08:05 AM (UTC)
Area Statistics
Listings on market:
54
Avg list price:
$562,000
Min list price:
$179,900
Max list price:
$1,200,000
Avg days on market:
47
Min days on market:
3
Max days on market:
341
Avg price per sq.ft.:
$418.75
These statistics are generated based on the current listing's property type and located in Olds. Average values are derived using median calculations. This data is not produced by the MLS® system.
DIANE RICHARDSON

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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