217 8th Street S,Cranbrook, BC V1C1N9
Cranbrook, BC V1C1N9
Description
Excellent investment opportunity with strong cash flow and upside potential! This well-maintained fourplex features four spacious 2-bedroom, 1-bathroom units with long-term tenants and solid rental history. Units 1, 3, and 4 have been extensively renovated with updated kitchens, lighting, electrical, baseboards, and paint, while Unit 2 has also seen updates including paint, lighting, electrical, and baseboards. The property includes all new windows and sliding glass doors, updated baseboard heating, minor roof repairs completed last year, and professionally installed flooring in the common areas in 2025. Each suite has its own BC Hydro meter plus a separate owner meter, designated off-street parking stall, and electrical receptacle. There is also a convenient owner's maintenance shed on the property, perfect for storing tools, equipment, and upkeep supplies. Coin-operated laundry provides additional income, with further upside potential through future in-suite laundry installations and additional parking revenue. Current gross annual income is approximately $85,560. Conveniently located with strong tenant appeal, this is an excellent opportunity for investors seeking a turnkey multi-family property. Disclaimer: Artificial Intelligence has been used to enhance photos and virtually stage; images are for illustrative purposes only and may not reflect the property's current condition. Buyers should independently verify all features and conditions. (id:13843)
Details
| MLS # | 10389377 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Status | Active |
| Year | 1973 |
| Days On Site | 146 |
| Listing Provided By | Century 21 Purcell Realty Ltd | Gerald Walsh |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,840 |
| Story(s) | 1 |
| Acreage | 0.22 |
Interior
| Heating | Baseboard heaters |
|---|---|
| Fireplace Yes / No | No |
Parking
| Parking Features | Stall, Rear, RV, Street |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 6855.6 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Cranbrook |
| Postal Code | V1C1N9 |
| Listing VS Median (in V1C1N9) | |
Price: $1,250,000 low | high Med: $1,250,000 sqft: 3,840 low | high Med: 3,840 $ / sqft: $326 low | high Med: $326 On site: 146 low | high Med: 146 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | BC |
|---|---|
| City | Cranbrook |
| Postal Code | V1C1N9 |
| Listing VS Median (in V1C1N9) | |
Price: $1,250,000 low | high Med: $1,250,000 sqft: 3,840 low | high Med: 3,840 $ / sqft: $326 low | high Med: $326 On site: 146 low | high Med: 146 | |