217 8Th Street S, Cranbrook

$1,250,000

MLS® 10389377

MLS® 10389377 217 8Th Street S, Cranbrook, British Columbia $1250000

8 Beds 4 Baths 3840 SqFt

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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:44056)

Property Details

Full Address:: 217 8Th Street S, Cranbrook, British Columbia
Price:: $ 1,250,000
MLS Number:: 10389377
List Date:: May 30th, 2026
Neighbourhood:: Cranbrook South
Lot Size:: 0.22 ac
Year Built:: 1973
Taxes:: $ 6,856

Interior Features

Bedrooms:: 8
Bathrooms:: 4
Heating:: Baseboard heaters

Building Features

Storeys:: 1
Sewer:: Municipal sewage system
Water:: Municipal water
Garage:: Stall, Rear, RV, Street
Ownership Type:: Freehold
Taxes:: $ 6,856

Floors

Finished Area:: 3840 sq.ft.

Land

Lot Size:: 0.22 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Gerald Walsh Century 21 Purcell Realty Ltd
250-421-8509

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Listing Agent(s)

Listing: Gerald Walsh
Century 21 Purcell Realty Ltd

Co-Listing: Deborah Walsh
Century 21 Purcell Realty Ltd

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