BCHomez.com Logo

BCHomez.com

Favorites

217 8Th Street S, Cranbrook

MLS® #10389377
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:62865)

Property Information

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®

Interior Details

Bedrooms

8

Bathrooms

4

Living Area

3840 square feet

Exterior & Lot

Lot Size

0.22 acres

Building & Utilities

Heating

Baseboard heaters

Water Source

Municipal water

Sewer

Municipal sewage system

$1,250,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
8Beds
4Baths
3840sqft
Listing Courtesy of

Office

Century 21 Purcell Realty Ltd

Mortgage Calculator
$250,000

Loan Amount:

$1,000,000

Estimated Monthly Payment:

$4,873

This is an estimate for informational purposes only. Consult with a financial advisor.