+29 more
6
Bedrooms
5
Bathrooms
1,141 sqft
Living Area
52 sqft
Lot
1975
Year Built
About This Property
This 6-bedroom, 5-bathroom single family in Olds offers 1,141 sqft of living area on a 52 sqft lot. Built in 1975, 1 storey. The property has lot dimensions of 51.78. The home features hardwood and laminate and ceramic tile flooring, natural gas, central heating, other heating, a finished, full, separate entrance, suite basement, a fireplace. Highlights include a 6-car garage.
MLS Remarks
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). Available vacant or fully tenanted, depending on your strategy. (id:60351)
Overview
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