4609 48 ST Olds, AB T4H 1E2
2,102 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 2,102 sqft
Price per Sqft $391
MLS® Listing ID A2198116
Style 2 Storey
Originating Board Calgary
Year Built 1960
Annual Tax Amount $2,322
Tax Year 2024
Property Sub-Type 4 plex
Property Description
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!
Location
Province AB
County Mountain View County
Zoning R3
Interior
Heating Sep. HVAC Units, Natural Gas
Cooling None
Flooring Tile, Vinyl Plank
Appliance Electric Stove, European Washer/Dryer Combination, Microwave Hood Fan, Refrigerator, See Remarks, Washer/Dryer, Window Coverings
Laundry In Unit
Exterior
Parking Features Alley Access, Off Street, Parking Lot, Parking Pad
Garage Description Alley Access, Off Street, Parking Lot, Parking Pad
Community Features Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Roof Type Metal
Porch Deck
Lot Frontage 50.0
Total Parking Spaces 4
Building
Story 2
Foundation Poured Concrete
Architectural Style 2 Storey
Others
Restrictions None Known
Tax ID 93022924
Ownership Private
Virtual Tour https://unbranded.youriguide.com/kfkku_4609_48_st_olds_ab/