Active
$499,000
4609 52 Street
Olds
MLS® #A2336510
- 6 Beds
- 4 Baths
- 1,326 Sqft
- 956 square meters
- Built 1963
- Single Family
- ✓ 6+ Parking Spaces
- ✓ Air Conditioning
- ✓ Real Lot Size Listed
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:66619)
Features
Interior
6 bedrooms, 4 bathrooms, 1,326 sqft
Lot
956 square meters
Parking
6 spaces
Heating
Forced air, Natural gas
Cooling
None
Year Built
1963
Location
Nearby schools, walkability, and amenity information is not yet available for this listing.
Estimate Your Payment
Olds Mortgage Payment Calculator
Your down payment is under 20%, so mortgage default insurance (e.g. CMHC) will apply — this adds a premium to your mortgage amount, not included in the estimate above. Ask Kirsten or Dius, or check our Resources page, for more information or for help connecting with a mortgage professional for an exact figure.
This is an estimate for illustration purposes only, using standard Canadian mortgage calculation (semi-annual compounding). It does not include property taxes, insurance, mortgage default insurance premiums, or closing costs. Contact a mortgage professional for an accurate quote based on your specific situation.
Interested in this property?
Contact Kirsten Bernal for more information or to arrange a showing.
Listing data is provided courtesy of the Central Alberta REALTORS® Association (CARA) MLS® System. The information is deemed reliable but not guaranteed accurate.
