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Jacquie King

king@jacquieking.com +1(250) 421-1708

$ 1,250,000

Est. payment | -/mo

8 Beds

4 Baths

3,840 SqFt

Save

$ 1,250,000

Est. payment | -/mo

Save

8 Beds

4 Baths

3,840 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3840

Square Footage 3,840 sqft

Price per Sqft $325

Subdivision Cranbrook South

MLS® Listing ID 10389377

Bedrooms 8

Year Built 1973

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Freehold

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 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:24570)

Location

Province BC

Rooms

Kitchen 1.0

Extra Room 1 Basement ' x ' Full bathroom

Extra Room 2 Basement ' x ' Full bathroom

Extra Room 3 Basement ' x ' Bedroom

Extra Room 4 Basement ' x ' Primary Bedroom

Extra Room 5 Basement ' x ' Bedroom

Extra Room 6 Basement ' x ' Primary Bedroom

Interior

Heating Baseboard heaters

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Story 1

Sewer Municipal sewage system

Others

Ownership Freehold

Listed by Century 21 Purcell Realty Ltd

Nearby Locations

GET MORE INFORMATION

CONTACT US

+1(250) 421-1708

king@jacquieking.com

217 8Th Street S Cranbrook, BC V1C1N9