217 8th Street S

3,840 sqft

8
Beds

4
Baths

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:67517)

• Property Details

  MLS® Number	10389377
  Property Type	Single Family
  Neigbourhood	Cranbrook South

• Building

  BathroomTotal	4
  BedroomsTotal	8
  ConstructedDate	1973
  HeatingType	Baseboard Heaters
  StoriesTotal	1
  SizeInterior	3,840 Sqft
  Type	Fourplex
  UtilityWater	Municipal Water

  Street
  Rear
  RV
  Stall

• Land

  Acreage	No
  Sewer	Municipal Sewage System
  SizeIrregular	0.22
  SizeTotal	0.22 Ac|under 1 Acre
  SizeTotalText	0.22 Ac|under 1 Acre

• Rooms

  Level	Type	Length	Width	Dimensions
  Basement	Full Bathroom			' x '
  Basement	Full Bathroom			' x '
  Basement	Bedroom			' x '
  Basement	Primary Bedroom			' x '
  Basement	Bedroom			' x '
  Basement	Primary Bedroom			' x '
  Main Level	Bedroom			' x '
  Main Level	Full Bathroom			' x '
  Main Level	Primary Bedroom			' x '
  Main Level	Primary Bedroom			10'0'' x 15'5''
  Main Level	Full Bathroom			8'0'' x 5'2''
  Main Level	Bedroom			11'11'' x 9'0''
  Main Level	Kitchen			12'0'' x 6'2''
  Main Level	Living Room			15'5'' x 11'3''
  Main Level	Dining Room			7'0'' x 5'6''

• Utilities