4609 52 Street Olds, Alberta T4H 1E8
$499,000
TURNKEY HIGH-YIELD INVESTMENT | LEGAL SUITE | FULLY TENANTED TO 2027 | PRIME LOCATION. Rare opportunity to acquire a proven income-producing asset in one of Olds' most sought-after rental locations. Directly across from Olds College, this fully leased property offers the ideal combination of strong cash flow, stable tenancy, and long-term appreciation potential, making it a standout addition to any real estate portfolio. Positioned on a massive 10,000+ sq. ft. corner lot, this extensively updated bungalow features 6 bedrooms, 4 full bathrooms, a LEGAL secondary suite, and an oversized double detached garage, creating multiple income streams and broad tenant appeal. Even better, tenants are already in place with leases secured through March 2027, providing investors with immediate revenue and eliminating costly vacancy risk from day one. The bright and modern upper level showcases updated vinyl plank flooring, large sun-filled windows, and a beautifully renovated kitchen complete with quartz countertops, contemporary cabinetry, a large island, and abundant storage. The main level offers 3 spacious bedrooms, 2 full bathrooms, and in-suite laundry, creating an attractive rental product for quality tenants.The fully legal lower suite features its own private entrance, a spacious living area anchored by a charming brick fireplace, large windows, an updated kitchen, newer flooring throughout, 3 additional bedrooms, 2 full bathrooms, and separate laundry, maximizing rental flexibility and income potential. Outside, the impressive corner lot provides exceptional curb appeal, plenty of green space, deck, patio, ample parking, and a substantial 33' x 23' oversized double garage, a highly desirable feature for tenants and future owners alike.Recent upgrades including paint, flooring, kitchens, fixtures, and finishes make this a true turnkey investment with strong tenant retention appeal. (id:63476)
Property Details
| MLS® Number | A2336510 |
| Property Type | Single Family |
| Amenities Near By | Park, Playground, Recreation Nearby, Schools, Shopping |
| Features | See Remarks, Other, Back Lane, Pvc Window, Level |
| Parking Space Total | 6 |
| Plan | 1022jk |
| Structure | Deck |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 6 |
| Appliances | Washer, Refrigerator, Cooktop - Electric, Dishwasher, Stove, Dryer, Microwave Range Hood Combo, Hood Fan, Garage Door Opener |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Walk-up, Suite |
| Basement Type | Full (finished) |
| Constructed Date | 1963 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Stone, Stucco |
| Flooring Type | Tile, Vinyl Plank |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,326 Sqft |
| Total Finished Area | 1326 Sqft |
| Type | House |
Parking
| Detached Garage | 2 |
| Oversize |
Land
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Park, Playground, Recreation Nearby, Schools, Shopping |
| Landscape Features | Landscaped, Lawn |
| Size Depth | 40.97 M |
| Size Frontage | 23.76 M |
| Size Irregular | 956.00 |
| Size Total | 956 M2|7,251 - 10,889 Sqft |
| Size Total Text | 956 M2|7,251 - 10,889 Sqft |
| Zoning Description | R2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | 3pc Bathroom | 4.92 Ft x 4.75 Ft | ||
| Lower Level | Kitchen | 9.50 Ft x 8.17 Ft | ||
| Lower Level | Living Room | 11.67 Ft x 11.83 Ft | ||
| Lower Level | Dining Room | 11.75 Ft x 6.67 Ft | ||
| Lower Level | 3pc Bathroom | 8.42 Ft x 6.25 Ft | ||
| Lower Level | Bedroom | 9.50 Ft x 8.83 Ft | ||
| Lower Level | Bedroom | 12.58 Ft x 10.00 Ft | ||
| Lower Level | Laundry Room | 9.92 Ft x 8.75 Ft | ||
| Lower Level | Bedroom | 11.75 Ft x 9.00 Ft | ||
| Main Level | 3pc Bathroom | 5.00 Ft x 4.25 Ft | ||
| Main Level | Kitchen | 9.67 Ft x 10.92 Ft | ||
| Main Level | Living Room | 18.58 Ft x 14.50 Ft | ||
| Main Level | Dining Room | 15.08 Ft x 9.33 Ft | ||
| Main Level | Bedroom | 11.42 Ft x 12.08 Ft | ||
| Main Level | Storage | 6.50 Ft x 2.33 Ft | ||
| Main Level | 4pc Bathroom | 10.25 Ft x 5.00 Ft | ||
| Main Level | Bedroom | 11.17 Ft x 10.17 Ft | ||
| Main Level | Primary Bedroom | 11.17 Ft x 12.50 Ft |
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August 12 2026 04:01:26
Calgary Real Estate Board
RE/MAX Real Estate (Mountain View)