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:4069)
Address
217 8Th Street S
List Price
$1,250,000
Property Type
Single Family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
British Columbia
Sub-Area
Cranbrook
Bedrooms
8
Bathrooms
4
Floor Area
3,840 Sq. Ft.
Lot Size
0.22 Sq. Ft.
Year Built
1973
MLS® Number
10389377
Listing Brokerage
Century 21 Purcell Realty Ltd
Postal Code
V1C1N9
