This prominent historic commercial building is the perfect mixed-use investor & owner-occupier opportunity! In the heart of bustling downtown Cranbrook, this iconic building was constructed at the turn of the 19th century as a bank and has 3 walk in vaults and even a solid concrete room in the basement. With 4,812 sq ft on the main floor, 1,552 sq ft upstairs with stairs or elevator access and 1,812 sq ft in the basement. The property offers flexible leases and below market rents and multiple income sources offering a diverse income stream and exciting opportunity for an investor or owner-occupier to realize exciting upside through bringing rents to market. Zoned C-1 with a plethora of permitted uses. The building is in exceptional condition and is constantly being updated, including roof, heating, and the add on foundation was built for a second storey. (id:13843)
| MLS # | 10384278 |
|---|---|
| Listing Type | For Sale |
| Style | Residential Commercial Mix |
| Status | Active |
| Year | 1900 |
| Days On Site | 188 |
| Listing Provided By | RE/MAX Blue Sky Realty | Jeannie Argatoff |
| SQ Feet | 8,123 |
|---|---|
| Acreage | 0.17 |
| Cooling | Central air conditioning |
|---|---|
| Heating | See remarks |
| Fireplace Yes / No | No |
| Security Features | Security system, Security, Smoke Detector Only |
|---|---|
| Accessibility Features | Accessible Elevator Installed |
| Roof | Other, Unknown |
| Lot Features | Elevator |
| Parking Features | Surfaced |
|---|
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 21362.73 |
|---|
| Province | BC |
|---|---|
| City | Cranbrook |
| Postal Code | V1C1A2 |
| Listing VS Median (in V1C1A2) | |
Price: $1,999,000 low | high Med: $1,001,250 sqft: 8,123 low | high Med: 4,838 $ / sqft: $246 low | high Med: $124 On site: 188 low | high Med: 121 | |
| Province | BC |
|---|---|
| City | Cranbrook |
| Postal Code | V1C1A2 |
| Listing VS Median (in V1C1A2) | |
Price: $1,999,000 low | high Med: $1,001,250 sqft: 8,123 low | high Med: 4,838 $ / sqft: $246 low | high Med: $124 On site: 188 low | high Med: 121 | |