- ©MLS 10389377
- Area 3840 sq ft
- Bedrooms 8
- Bathrooms 4
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:48970) Show More
Details
- Constructed Date: 1973
- Property Type: Single Family
- Type: Fourplex
- Neighbourhood: Cranbrook South
Features
- Baseboard heaters
Rooms Details For 217 8Th Street S
| Type | Level | Dimension |
|---|---|---|
| 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 | 10'0'' x 15'5'' |
| Full bathroom | Main level | 8'0'' x 5'2'' |
| Bedroom | Main level | 11'11'' x 9'0'' |
| Kitchen | Main level | 12'0'' x 6'2'' |
| Living room | Main level | 15'5'' x 11'3'' |
| Dining room | Main level | 7'0'' x 5'6'' |
Location
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
Data provided by: Okanagan-Mainline Real Estate Board