Homes for sale - 4817 52 ST, Olds, AB T4H 1G2

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Ruth Alexander

info@raregroup.ca +1(403) 969-0109

$ 650,000

Est. payment | -/mo

866 SqFt

Save Virtual Tour

$ 650,000

Est. payment | -/mo

Save Virtual Tour

866 SqFt

Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Pending

Purchase Type For Sale

Approx. Sqft 866.62

Square Footage 866 sqft

Price per Sqft $750

MLS Listing ID A2251704

Style Attached-Side by Side,Bi-Level

HOA Y/N No

Year Built 1975

Property Sub-Type 4 plex

Property Description

CASH FLOWING Pair of 4-Plexes with UNDERVALUED RENTS and ENORMOUS UPSIDE POTENTIAL! Two side by side fourplexes situated just steps from Olds College, an active investment playing field. Each building offers four bi level two bedroom, one bathroom units with independent furnaces and hot water tanks, most of which have been updated within the past five years. This keeps utility costs efficient and places responsibility directly with each tenant. Olds is a small but steadily growing town, nearing 10,000 residents in 2024 with a 3.3% population increase year over year and 6.2% growth over five years. Demand for rentals is strong, with Olds College enrollment climbing more than 31% when combining domestic and international growth. The town's vacancy rate is just 0.6%, which means consistent tenancy and premium potential with turnover. Each fourplex comes with four dedicated parking stalls and has maintained 100% occupancy for over 15 years. Current rents are below market, offering a rare value add play. Whether you preserve income with existing leases or refresh units to push rents higher, this is a cash cow that can scale. These properties are directly aligned with trending demographics. Olds is projected to keep growing by more than 9% every five years through 2041, and its location within the Calgary to Edmonton Corridor provides long term economic stability and future upside. Please contact directly to book your private viewing today.

Location

Province AB

County 0226

Zoning R3

Rooms

Basement Separate/Exterior Entry, Finished, Full, Suite

Interior

Interior Features Ceiling Fan(s)

Heating Forced Air, Natural Gas

Cooling None

Flooring Carpet, Laminate, Linoleum

Inclusions Refrigerator (X4), Stove-Electric (X4), Washer (X4), Dryer (X4), Dishwasher (X1), Window-Coverings-All

Fireplace No

Exterior

Parking Features Alley Access, Parking Lot, Stall

Carport Spaces 4

Roof Type Asphalt Shingle

Total Parking Spaces 4

Garage No

Building

Dwelling Type Four Plex

Story 2

Foundation Poured Concrete

Architectural Style Attached-Side by Side, Bi-Level

Level or Stories Bi-Level

New Construction No

Others

Restrictions None Known

Virtual Tour https://youriguide.com/3_4809_52_st_olds_ab/

Listed by Real Broker

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 969-0109

info@raregroup.ca

700 1816 Crowchild Trail NW Calgary AB T2M 3Y7

4817 52 ST Olds, AB T4H 1G2