Great investor focused, cash-flowing investment opportunity. This bungalow is built for the investor who wants day-one revenue with clear upside: a fully legal basement suite plus a transferable development permit for a third suite in the garage (perfect for a room-by-room strategy with consistent rental demand tied to Olds College). Upstairs offers 3 bedrooms and 2 full baths (including ensuite). The legal basement suite includes 3 bedrooms and 1.5 baths. Both units have their own washer and dryer, and utilities plus day-to-day property care are tenant responsibility, keeping the operating model clean. Parking is a differentiator here: two off-street driveways set up private parking for each unit, with 2 stalls dedicated to the basement suite and 4 stalls plus the garage for the upper suite, plus street parking out front. Investors will appreciate the long-term optionality. The site carries higher-density zoning (historically R3, now consolidated into the Town’s Mixed Use framework), supporting future redevelopment or added density where approved. Current rents are below market, offering a straightforward path to increased cash return, and the approved garage suite adds a second lever (see attached cash flow scenarios). Available vacant or fully tenanted, depending on your strategy.

Additional Details

Utilities & Systems

Bedrooms

Bathrooms

Interior Features

Building Features

Heating & Cooling

Exterior Features

Neighbourhood Features

Parking

• Bookcases
• Ceiling Fan(s)
• Closet Organizers
• Private Entrance
• Private Yard
• Rain Gutters
• Dishwasher
• Range Hood
• Refrigerator
• Stove(s)
• Washer/Dryer
• Washer/Dryer Stacked
• Window Coverings
• Full
• None
• Brick
• Concrete
• Stucco
• Wood Frame
• Wood Burning
• Poured Concrete
• Back Lane
• Back Yard
• Corner Lot
• Front Yard
• Double Garage Detached
• Parking Pad
• Deck

Floor plan information is not available for this property.