41
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$1,250,000
Est. payment /mo
8 Beds
4 Baths
3,840 SqFt
Active
217 8Th Street S Cranbrook, BC V1C1N9
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Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3840
Square Footage 3,840 sqft
Price per Sqft $325
Subdivision Cranbrook South
MLS® Listing ID 10389377
Bedrooms 8
Year Built 1973
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Freehold
Property 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:24570)
Location
Province BC
Rooms
Kitchen 1.0
Extra Room 1 Basement ' x ' Full bathroom
Extra Room 2 Basement ' x ' Full bathroom
Extra Room 3 Basement ' x ' Bedroom
Extra Room 4 Basement ' x ' Primary Bedroom
Extra Room 5 Basement ' x ' Bedroom
Extra Room 6 Basement ' x ' Primary Bedroom
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Century 21 Purcell Realty Ltd
Nearby Locations