




8 Beds
4 Baths
3,840 sqft
C$1,250,000
217 8Th Street S, Cranbrook British Columbia, V1C1N9
Price per sqftC$325.52
Built in1973
Property size3,840 sqft
Property typeResidential
Courtesy of Gerald Walsh with Century 21 Purcell Realty Ltd
Overview
Active
Listed May 29, 2026
Updated Jun 11
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:41202)
Additional information
- MLS® ID
- 10389377
Interior Features
- Bedrooms
- 8
- Bathrooms
- 4
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.22 Acres
Courtesy of Gerald Walsh with Century 21 Purcell Realty Ltd
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