217 8Th Street S
Cranbrook, BC V1C1N9
$1,250,000
Property Details
Property & Lot
- Sub-type
- Fourplex
- Stories
- 1
- Lot size
- 0.22 acres
Ownership & Fees
- Property type
- Fourplex
- Ownership
- Freehold
- Annual property tax
- $6,855.6
Interior
- Heating
- Baseboard heaters
- Fireplace
- None
Parking
- Features
- Stall, Rear, RV, Street
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Full bathroom | Basement | ' x ' |
| Full bathroom | Basement | ' x ' |
| Bedroom | Basement | ' x ' |
| Primary Bedroom | Basement | ' x ' |
| Bedroom | Basement | ' x ' |
| Primary Bedroom | Basement | ' x ' |
| Bedroom | Main level | ' x ' |
| Full bathroom | Main level | ' x ' |
| Primary Bedroom | Main level | ' x ' |
| Primary Bedroom | Main level | 15'5'' x 10'0'' |
| Full bathroom | Main level | 5'2'' x 8'0'' |
| Bedroom | Main level | 9'0'' x 11'11'' |
| Kitchen | Main level | 6'2'' x 12'0'' |
| Living room | Main level | 11'3'' x 15'5'' |
| Dining room | Main level | 5'6'' x 7'0'' |
Listing Information
- MLS®
- 10389377
- Listed
- May 30, 2026
- Time on market
- On the market for 94 days
- Data last synced
- August 28, 2026
Listing provided by: Century 21 Purcell Realty Ltd · Data source: CREA DDF.
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:63159)
Values & Trends
This listing
$326/sqft
Building average
—
No other active listings in this building
Cranbrook South average
$279/sqft
7 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
13°C
Mainly Clear
Humidity 69%
Wind SW 9 km/h
Tonight
9°
Tuesday
27°
Tuesday night
13°
Wednesday
22°
Wednesday night
10°
Thursday
18°
Source: Environment and Climate Change Canada.
Population
20,499
(2021 Census)
+2.3% since 2016
Density: 641.2/km²
Dwellings: 9,058
Median household income: $80,000
After-tax: $72,500
Immigrant population: 8.7%
Top countries of origin (% of total population)
- United Kingdom1.4% · 290
- United States of America1% · 205
- Philippines0.9% · 175
- Germany0.6% · 115
- Jamaica0.5% · 105
- South Africa, Republic of0.4% · 90
- Italy0.4% · 75
- Ukraine0.3% · 55
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
11
2/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| T M Roberts Elementary | Elementary | 175 m |
| Parkland Middle School | Elementary | 511 m |
| Gordon Terrace Elementary | Elementary | 597 m |
| St Mary's Catholic Independent(Independent) | Elementary | 1.6 km |
| Pinewood Elementary | Elementary | 1.6 km |
| Kootenay Orchards Elementary | Elementary | 1.7 km |
| Mount Baker Secondary | Elementary | 1.8 km |
| Laurie Middle School | Middle | 1.9 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (1)
- Cuisine of India · 202 Van Horne Street South778 m
Parks (5+)
- TM Roberts256 m
- Gyro Park350 m
- Gordon Terrace594 m
- Unnamed750 m
- Amy Woodlands766 m
Nearby places data: © OpenStreetMap contributors.
School district: South East Kootenay (SD5)
Similar Listings Nearby
No similar listings found nearby right now.
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Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.