217 8th Street S, Cranbrook
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:1945)
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Property details for 217 8th Street S, Cranbrook
- Type
- Fourplex
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,840 square feet
- Lot Size
- 0.22
- Stories
- 1
- Parking
- Stall, Rear, RV, Street
- Heating
- Baseboard heaters
- Ownership
- Freehold
- Annual Taxes
- $6,856
Nearby Listings Stat
Estimated price and comparable properties near 217 8th Street S
Active Listings
1
Min Price
$1,250,000
Max Price
$1,250,000
Avg Price
$1,250,000
Days on Market
109
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Cranbrook, British Columbia / Colombie-Britannique
Population
484
Median Age
42.7
Median Income
$31,744
Dwelling Value
$250,860
Housing Tenure
Owners 67%
Renters 31%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.5
Pop. Density: 1,504.5/km²
Avg Shelter Cost: $1,060/mo
Owners with Mortgage: 66.7%
Owners Spending 30%+: 14.8%
Tenants Spending 30%+: 33.3%
English only: 93.8%
English and French: 6.2%
Median Household Income: $73,984
Median Employment Income: $30,400
Price History
Listed
May 30, 2026
by Century 21 Purcell Realty Ltd
Current Price
$1,250,000
Type
Fourplex
For Sale
