403-966-9321
34
4817 52 Street
$650,000 Sale
Listed 6 hours ago
· 0
· 0
· 4
· 866.62
Key Facts
Key facts for 4817 52 Street
Property Type
Other, Attached-Side by Side,Bi-Level
Parking
Alley Access,Parking Lot,Stall , Alley Access,Parking Lot,Stall 4 parking
MLS #
A2251704
Size
866.62 sqft
Basement
Separate/Exterior Entry,Finished,Full,Suite
Listed on
-
Lot size
-
Days on Market
-
Year Built
1975
Maintenance Fee
-
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.
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Courtesy of: Real Broker
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