4809 52 ST Active Save Request In-Person Tour Request Virtual Tour
Olds,AB T4H 1G2
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 3,371 sqft
Price per Sqft $192
MLS Listing ID A2251702
Style Attached-Side by Side,Bi-Level
Year Built 1975
Annual Tax Amount $4,201
Tax Year 2025
Property Sub-Type 4 plex
Source Calgary
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
State AB
County Mountain View County
Zoning R3
Rooms
Basement 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), Window Coverings-All
Exterior
Parking Features Parking Lot,Stall
Garage Description Parking Lot,Stall
Roof Type Flat
Porch Balcony(s)
Total Parking Spaces 4
Building
Foundation Poured Concrete
Architectural Style Attached-Side by Side,Bi-Level
Level or Stories Bi-Level
Structure Type Vinyl Siding
Others
Restrictions None Known
Tax ID 103641068
Ownership Private