6 Beds
5 Baths
1,141 SqFt
6 Beds
5 Baths
1,141 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,141 sqft
Price per Sqft $385
MLS® Listing ID A2340686
Style Bungalow
Bedrooms 6
Full Baths 3
Half Baths 2
Year Built 1975
Annual Tax Amount $4,122
Tax Year 2026
Lot Size 557 Sqft
Acres 0.01
Property Sub-Type Detached
Source Calgary
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 Mountain View County
Zoning R3
Direction N
Rooms
Other Rooms 1
Basement Full
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
Appliance Dishwasher, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Washer/Dryer Stacked, Window Coverings
Laundry In Basement, Main Level
Exterior
Parking Features Double Garage Detached, Parking Pad
Garage Spaces 2.0
Fence Partial
Community Features None
Roof Type Asphalt Shingle,Metal
Porch Deck
Lot Frontage 119.99
Total Parking Spaces 6
Garage 1
Building
Lot Description Back Lane, Back Yard, Corner Lot, Front Yard
Foundation Poured Concrete
Architectural Style Bungalow
Level or Stories One
Structure Type Brick,Concrete,Stucco,Wood Frame
Others
Restrictions None Known
Tax ID 113574541
Ownership Private
Virtual Tour https://unbranded.youriguide.com/4617_48_st_olds_ab
Nearby Locations
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