4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Olds is a town located about an hour north of Calgary on the Highway 2 corridor between Alberta's two largest cities. Host to a full spectrum of properties which are typically more affordable than comparable homes in the big city, Olds real estate is ideal for homebuyers looking to get more for less money.
Begin your search of Olds homes for sale in Alberta below. If you have questions about any listing(s) below or would like to set up a showing, please contact our team of professional real estate agents and REALTORS® anytime at 403.519.0495 and we will be happy to assist you!
Houses for Sale in Olds, Alberta
Browse your real estate search results below. If you have questions about a listing or would like to view a property, Contact our Team of experienced Realtors® in Calgary by calling Cody & Jordan at 403-370-4008 anytime!
Turn-key, fully renovated, and cash-flowing, this is the fourplex you’ve been waiting for! Fixed Leases in place bringing in $5550.00/Month & Tenants pay their own utilities. Located in the growing community of Olds, Alberta, 4609 48th Street offers low-maintenance, reliable income from day one. Whether you’re an experienced investor looking to expand your portfolio or a first-time buyer wanting to live in one unit and rent out the others, this property is a rare opportunity you don’t want to miss.
This fourplex has been completely gutted and rebuilt from the inside out. All four units feature brand new vinyl plank flooring, new kitchens, new bathrooms, fresh paint, updated lighting, and new appliances. All exterior and interior doors have been replaced, along with new carpet on the stairs in Units 1 and 2. Every mechanical component has been replaced, including high-efficiency furnaces in the mechanical room, new electric hot water heaters, and all new venting installed to current code. Electrical updates include new panels in each unit, new switches and plugs throughout, washer and dryer hookups, and a new four-gang exterior meter base so tenants can pay their own utilities. Venting for all kitchen and bathroom fans has been fully replaced. New windows have been installed throughout the property, except for one large window in Unit 2 which was replaced by the previous owner. All plumbing was completely redone in the kitchens and bathrooms. The ceilings have been re-stippled and replaced with drywall and a flat texture for a modern, clean look. New drywall was also added to the basements and mechanical areas. Brand new washers, dryers, and appliances complete each unit for true turn-key living.
Olds is a thriving and fast-growing community, home to the highly respected Olds College. With a steadily increasing population, strong demand for rental housing, and an economy supported by agriculture, education, and small businesses, it’s an ideal location for steady cash flow and long-term investment. Properties like this - fully renovated, already cash-flowing, and set up for minimal maintenance, are hard to find! Unit 4 is identical to unit 3, just opposite for image references.
Don’t miss your chance to add this incredible asset to your portfolio and book your private tour today!