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2501 12TH Street N Unit# 1009 Lot# Lot 53, Cranbrook
2026-02-03
Quick Summary
MLS®#10374578
Property Description
ATTENTION INVESTORS AND FIRST-TIME HOME BUYERS! Forest Park Estates offers a simple, proven entry point for investors seeking stable cash flow and an estimated 10% return on equity, without the headaches that often come with rentals. It also presents first-time buyers with an affordable, low-maintenance way to enter the market. This ground-floor, corner 2-bedroom condo is easy to rent and easy to manage. No stairs, in-suite laundry, and a functional layout check the boxes tenants consistently look for, helping reduce vacancy and turnover, while also making everyday living simple and accessible. The covered patio adds usable outdoor space, and the pet-friendly policy (with restrictions) broadens appeal without sacrificing building quality. What makes this a strong investment is the operational efficiency. Forest Park Estates is known for strong management, well-maintained common areas, and among the lowest strata fees in Cranbrook. Location further de-risks the purchase. The property sits within walking distance to Tamarack Centre, College of the Rockies, restaurants, and public transit, supporting consistent rental demand and convenient daily living. Whether you’re adding to a portfolio, purchasing your first rental, or buying your first home, this unit offers a straightforward, low-maintenance opportunity in a consistently popular complex. Quick possession is available, allowing you to move in or start generating income without delay. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Public Transit, Airport, Park, Recreation, Schools, Shopping
Building
- Appliances: Range, Refrigerator, Dishwasher, Dryer, Washer
- Architectural Style: Other
- Exterior Finish: Concrete Block, Vinyl siding
- Fireplace: No
- Flooring Type: Carpeted, Linoleum, Mixed Flooring
- Interior Size: 866 sqft
- Building Type: Apartment
- Stories: 1
- Utility Water: Municipal water
Land
- Land Size: under 1 acre
- Sewer: Municipal sewage system
Maintenance Fee
- Maintenance Fee: 215.25
Ownership
- Type: Freehold
Storage Type
- Storage Type: Storage
Information entered by The Fogel Agency
Listing information last updated on: 2026-02-10 00:18:38
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
One Percent Realty's top FAQs
Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
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