For Sale: 217 S 8th Street, Cranbrook, BC - REW
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$1,250,000
8 bd • 4 ba • 3840 sf • Fourplex
217 S 8th Street
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$1,250,000
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217 8Th Street SCranbrook, BC, V1C 1N9

  • 8 Bed
  • 4 Bath
  • 3840 Sqft
  • Fourplex

About this home

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:63626)
Listed by: Gerald Walsh PREC*, Century 21 Purcell Realty Ltd

Home facts and features

Price details
List Price
$1,250,000
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Gross Taxes for 2026
$6,856
Home facts
Bedrooms
8
Full Bathrooms
4
Parking Details
Stall, Rv, Street, Rear
Property Type
Fourplex
Lot Size
9583 ft²
Depth
Year Built
Built in 1973 (53 yrs old)
Title
Freehold
Heating Type
Baseboard heaters
Agent details
Primary Agent
Primary Broker
Century 21 Purcell Realty Ltd
Secondary Agent
Secondary Broker
Century 21 Purcell Realty Ltd
Listing details
Days on REW
52 Days
Property Views
44
MLS® Number
10389377
Source
Canadian Real Estate Association
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25 Years
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3.99%

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Property Insights

T M Roberts Elementary School
  • Public
  • K - 6
Parkland Middle School
  • Public
  • 7 - 9
Gordon Terrace Elementary School
  • Public
  • K - 6
Amy Woodland School
  • Public
  • Pre-K - 6
Pinewood Elementary School
  • Public
  • K - 6
Kootenay Orchards Elementary School
  • Public
  • K - 6
Mount Baker Secondary School
  • Public
  • 10 - 12
Laurie Middle School
  • Public
  • 7 - 9
St Mary's Catholic Independent School
  • Independent
  • K - 6
Steeples School
  • Public
  • Pre-K - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Gerald Walsh PREC*
Phone:
(250) 421-8509
Cell:
250-421-8509
Office:
778-520-0121
Deborah Walsh
Phone:
(250) 581-0444
Cell:
250-581-0444
Office:
778-520-0121
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