217 8Th Street S, Cranbrook
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:62865)
Status
Active
Year Built
1973
Property Type
Fourplex
Ownership
Freehold
Annual Tax
$6,856
Parcel Number
007-496-699
Data Source
Association of Interior REALTORS®
Bedrooms
8
Bathrooms
4
Living Area
3840 square feet
Lot Size
0.22 acres
Heating
Baseboard heaters
Water Source
Municipal water
Sewer
Municipal sewage system
$1,250,000
Office
Century 21 Purcell Realty Ltd
Loan Amount:
$1,000,000
Estimated Monthly Payment:
$4,873
This is an estimate for informational purposes only. Consult with a financial advisor.
Similar Listings

$1,200,000
1605 24th Avenue S
Cranbrook
House

$1,199,900
8110 Wycliffe Road
Cranbrook
Other

$1,199,800
2873 SIMPSON Road
Cranbrook
House

$1,188,000
380 IVY Road
Cranbrook
House