$1,250,000

217 8Th Street S, Cranbrook

Cranbrook South, Cranbrook, BC V1C1N9

8 bd · 4 ba · 3,840 sq ft · Townhome / duplex

Listed by Century 21 Purcell Realty Ltd

About this property

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:67417)

Property details

Price

$1,250,000

MLS® number

10389377

Property type

Townhome / duplex · Fourplex · Single Family

Ownership

Freehold

Bedrooms

8

Bathrooms

4

Living area

3,840 sq ft

Lot size

0.22 acres · 0.22

Year built

1973

Storeys

1

Annual taxes

$6,856

Community

Cranbrook South, Cranbrook

Features

Heating

Baseboard heaters

Parking

Stall, Rear, RV, Street

Water

Municipal water

Sewer

Municipal sewage system

Rooms

Level	Room	Size
Basement	Full bathroom	' x '
Basement	Full bathroom	' x '
Basement	Bedroom	' x '
Basement	Primary Bedroom	' x '
Basement	Bedroom	' x '
Basement	Primary Bedroom	' x '
Main level	Bedroom	' x '
Main level	Full bathroom	' x '
Main level	Primary Bedroom	' x '
Main level	Primary Bedroom	15'5'' x 10'0''
Main level	Full bathroom	5'2'' x 8'0''
Main level	Bedroom	9'0'' x 11'11''
Main level	Kitchen	6'2'' x 12'0''
Main level	Living room	11'3'' x 15'5''
Main level	Dining room	5'6'' x 7'0''

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