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Investment signal

$1,478,000

5418 and 5422 48 Avenue

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Beds

—

Baths

—

Sqft

—

Year

1975

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Olds. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Fabulous location, walking distance to Olds College! Well maintained and managed, this property offers 2 - 4 plexes (2 bed, 1 bath units) on one title. Many capital cost expenditures done over the past 20 years: asphalt shingles - 15 years, windows and patio doors - 10 years, approx 6 of the 8 furnaces, hot water tanks as needed, electrical switches and outlets in 7 of the 8 units, decks redone, paint and flooring upgrades between tenancies. Each building features 2 main floor units, and 2 basement units. Photos are of 2 units when they were vacant, one main floor unit, and one basement unit. Building is fully occupied. 9 parking stalls, 8 of them energized. Tenants pay all utilities. Landlord pays garbage. Room to increase rents as some rents are below current market rates. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Common interest: Freehold
Living area: 3,754 square feet
Parking: 9 total
On market: Nov 1, 2025
Status changed: Apr 24, 2026
Annual tax: $7,407 (2025)
Zoning: R3
Photos: 47
MLS#: A2268282
Area: OLDS

Features and systems

Parking

Parking Pad

Heating

Forced airNatural gas

Foundation

Poured Concrete

Negative cash flow ~$1,566/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.36%

Cap rate

3.59%

GRM

16.6

Break-even rent

$9,048

Financing

Down payment$295,600

Loan amount$1,182,400

Mortgage$5,991/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$677

Insurance$80

Maintenance$1,232

CapEx reserve$616

Vacancy loss$370

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $5,991/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.