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217 8Th Street S

Cranbrook South, Cranbrook, BC, V1C1N9

Listed by Century 21 Purcell Realty Ltd

$1,250,000

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  • 8 bedrooms
  • 4 bathrooms
  • 3840 sq ft

Listed 145 days ago · MLS® 10389377

About this home

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:66966)

Details

Type
Multiplex
Size
3840 sq ft
Property tax
$6,856
Neighbourhood
Cranbrook South
Municipality
Cranbrook

Interior

Fireplace
No

Heating, cooling and services

Heating
Baseboard heaters
Water and sewer
Municipal sewage system

Building and exterior

Year built
1973

Parking

Driveway and parking
Stall, Rear, RV, Street

Rooms

RoomLevelSizeFeatures
Full bathroomBasement' x '
Full bathroomBasement' x '
BedroomBasement' x '
Primary BedroomBasement' x '
BedroomBasement' x '
Primary BedroomBasement' x '
BedroomMain level' x '
Full bathroomMain level' x '
Primary BedroomMain level' x '
Primary BedroomMain level15'5'' x 10'0''
Full bathroomMain level5'2'' x 8'0''
BedroomMain level9'0'' x 11'11''
KitchenMain level6'2'' x 12'0''
Living roomMain level11'3'' x 15'5''
Dining roomMain level5'6'' x 7'0''

Location

Location is approximate. See nearby homes on the map

Listed by Century 21 Purcell Realty Ltd.

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