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217 8Th Street S, Cranbrook
2026-05-30
Quick Summary
- Location
- 217 8Th Street S, Cranbrook, British Columbia V1C1N9
- Price
- $1,250,000
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 3840 sqft
- Bedrooms:
- 8
- Bathrooms:
- 4
- Year of Construction:
- 1973
MLS®#10389377
Property Description
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 ownerâs 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 propertyâs current condition. Buyers should independently verify all features and conditions. (id:32467)
Property Features
Building
- Fireplace: No
- Interior Size: 3840 sqft
- Building Type: Fourplex
- Stories: 1
- Utility Water: Municipal water
Land
- Land Size: 0.22 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Century 21 Purcell Realty Ltd
Listing information last updated on: 2026-05-31 03:52:01
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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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