Space
Finished area and layout
- Living Area
- 1,141 sqft
- Above Grade
- 1,141 sqft
- Finished Breakdown
- Above 1,141 sqft
- Bedrooms
- 6
- Bathrooms
- 5
+27 more
6
Bedrooms
5
Bathrooms
1,141 sqft
Living Area
52 sqft
Lot
1975
Year Built
Property Snapshot
Key details for this listing
MLS #A2340686
Property
Type, style and structure
- Type
- residential
- Style
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, none, 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 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. (id:60351)
Full Listing Details
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