Cranston Calgary Luxury Homes for Sale: Unparalleled Living in a Premier Community (Updated Daily)

Located in the southeast quadrant of Calgary, the Cranston community has emerged as one of the city's most desirable neighborhoods for luxury homebuyers. Offering a harmonious blend of natural beauty, modern conveniences, and uncompromising craftsmanship, Cranston's luxury homes captivate those seeking the pinnacle of suburban living.

Key Features of Cranston Calgary Luxury Homes

  1. Architectural Distinction: Cranston's luxury homes showcase a diverse array of architectural styles, from classic elegance to contemporary flair, all characterized by the use of premium materials and meticulous attention to detail.

  2. Generous Square Footage: These homes boast expansive living spaces, often ranging from 3,000 to 6,000 square feet, providing ample room for comfortable living and elegant entertaining.

  3. Opulent Interiors: Cranston's luxury homes are designed with the discerning homebuyer in mind, featuring high-end finishes, custom cabinetry, designer appliances, and lavish master suites.

  4. Exceptional Outdoor Spaces: Many Cranston luxury homes offer meticulously landscaped yards, private swimming pools, outdoor kitchens, and other exclusive amenities that seamlessly blend indoor and outdoor living.

  5. Community Amenities: Residents of Cranston enjoy access to an impressive array of community amenities, including parks, walking trails, recreational facilities, and the vibrant Cranston Residents' Association (CRA).

  6. Convenient Location: The Cranston community is strategically situated near major highways, public transit options, shopping centers, schools, and a variety of entertainment and recreational venues.

Current Cranston Calgary Luxury Homes for Sale

The Cranston luxury real estate market currently offers an exceptional selection of high-end properties, with prices typically ranging from $1,200,000 to $2,500,000.

Work with a Trusted Real Estate Agent

To explore the latest Cranston luxury home listings and find your dream property, it is recommended to work with an experienced real estate agent like Diane Richardson. Diane's in-depth knowledge of the local market and commitment to personalized service will ensure a seamless and successful home-buying experience.

Contact Diane Richardson:
Phone: 403.397.3706
Email: diane@mypadcalgary.com

Discover the Epitome of Luxury Living in Cranston, Calgary

Embrace the unparalleled quality of life, exceptional community amenities, and architectural excellence that Cranston's luxury homes have to offer. Partner with Diane Richardson to find your dream home in this premier Calgary neighborhood.

There are several ways to contact Diane Richardson:

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4609 48 Street
NONE Olds T4H 1E2

$822,000
Multi-Family 2,102 sq. ft. built: 1960

Main Photo: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Photo 1: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Photo 2: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Photo 3: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Photo 4: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Photo 5: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Photo 6: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Photo 7: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
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Photo 9: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
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Photo 14: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
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Photo 23: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Photo 24: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Photo 25: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
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Photo 33: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Photo 34: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Photo 35: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Photo 36: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
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Photo 38: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
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Photo 40: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
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Photo 48: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
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Photo 50: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2198116
Year Built:
1960
Turn-key, fully renovated, and cash-flowing, this is the fourplex you’ve been waiting for! Fixed Leases in place bringing in $5550.00/Month & Tenants pay their own utilities. Located in the growing community of Olds, Alberta, 4609 48th Street offers low-maintenance, reliable income from day one. Whether you’re an experienced investor looking to expand your portfolio or a first-time buyer wanting to live in one unit and rent out the others, this property is a rare opportunity you don’t want to miss. This fourplex has been completely gutted and rebuilt from the inside out. All four units feature brand new vinyl plank flooring, new kitchens, new bathrooms, fresh paint, updated lighting, and new appliances. All exterior and interior doors have been replaced, along with new carpet on the stairs in Units 1 and 2. Every mechanical component has been replaced, including high-efficiency furnaces in the mechanical room, new electric hot water heaters, and all new venting installed to current code. Electrical updates include new panels in each unit, new switches and plugs throughout, washer and dryer hookups, and a new four-gang exterior meter base so tenants can pay their own utilities. Venting for all kitchen and bathroom fans has been fully replaced. New windows have been installed throughout the property, except for one large window in Unit 2 which was replaced by the previous owner. All plumbing was completely redone in the kitchens and bathrooms. The ceilings have been re-stippled and replaced with drywall and a flat texture for a modern, clean look. New drywall was also added to the basements and mechanical areas. Brand new washers, dryers, and appliances complete each unit for true turn-key living. Olds is a thriving and fast-growing community, home to the highly respected Olds College. With a steadily increasing population, strong demand for rental housing, and an economy supported by agriculture, education, and small businesses, it’s an ideal location for steady cash flow and long-term investment. Properties like this - fully renovated, already cash-flowing, and set up for minimal maintenance, are hard to find! Unit 4 is identical to unit 3, just opposite for image references. Don’t miss your chance to add this incredible asset to your portfolio and book your private tour today!
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
2 Storey
Total Living Area:
2,102 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Frontage:
50'
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Stories Total:
2
Year built:
1960 (Age: 65)
Bathrooms:
- (Full:-, Half:-)
Plan:
5706GD
Heating:
Sep. HVAC Units, Natural Gas
Foundation:
Poured Concrete
Structure Type:
Four Plex
Roof:
Metal
Ensuite:
No
Flooring:
Tile, Vinyl Plank
Cooling:
None
Garage:
0
Parking:
Alley Access, Off Street, Parking Lot, Parking Pad
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
In Unit
NONE
Electric Stove, European Washer/Dryer Combination, Microwave Hood Fan, Refrigerator, See Remarks, Washer/Dryer, Window Coverings
N/A
None Known
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Patio And Porch Features:
Deck
Num. of Parcels:
0
Region:
Mountain View County
Zoning:
R3
Listed Date:
Apr 08, 2025
Days on Mkt:
  • Photo 1: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
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    4609 48 Street Olds
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    4609 48 Street Olds
  • Photo 5: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
    Unit 1 Entry
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    Unit 1 Living Room
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    Unit 1 Living Room
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    Unit 1 Living Room
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    Unit 1 Living Room
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    Unit 1 Kitchen
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    Unit 1 Kitchen
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    Unit 1 Kitchen
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    Unit 1 Kitchen
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    Unit 1 Dining
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    Unit 1 Bathroom
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    Unit 1 Laundry
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    Unit 1 Bedroom
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    Unit 1 Bedroom
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    Unit 1 Primary Bedroom
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    Unit 1 Primary Bedroom
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    Unit 1 Entry
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    Unit 2 Living Room
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    Unit 2 Living Room
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    Unit 2 Living Room
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    Unit 2 Living Room
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    Unit 2 Living Room
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    Unit 2 Laundry
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    Unit 2 Dining Room
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    Unit 2 Kitchen
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    Unit 2 Kitchen
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    Unit 2 Kitchen
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    Unit 2 Bathroom
  • Photo 33: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
    Unit 2 Bedroom
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    Unit 2 Bedroom
  • Photo 35: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
    Unit 2 Primary Bedroom
  • Photo 36: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
    Unit 2 Primary Bedroom
  • Photo 37: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
    Basement Suites Common Hallway
  • Photo 38: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
    Mechanical Room, Basement Hallway
  • Photo 39: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
    Unit 3 Main Entry
  • Photo 40: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
    Unit 3 Bathroom
  • Photo 41: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
    Unit 3 Living/Dining
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    Unit 3 Kitchen
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    Unit 3 Kitchen
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    Unit 3 Kitchen
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    Unit 3 Living Room/Dining
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    Unit 3 Living Room/Dining
  • Photo 47: 4609 48 Street: Olds 4 plex for sale : MLS®# A2198116
    Unit 3 Bedroom
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    Unit 3 Bedroom
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Data was last updated April 24, 2025 at 08:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706