2501 12th Street N Unit# 1009 Lot# Lot 53 Cranbrook, British Columbia V1C 5X3

$244,900

Maintenance, Reserve Fund Contributions, Insurance, Property Management, Other, See Remarks

$215.25 Monthly

ATTENTION INVESTORS AND FIRST-TIME HOME BUYERS! Forest Park Estates offers a simple, proven entry point for investors seeking stable cash flow and an estimated 10% return on equity, without the headaches that often come with rentals. It also presents first-time buyers with an affordable, low-maintenance way to enter the market. This ground-floor, corner 2-bedroom condo is easy to rent and easy to manage. No stairs, in-suite laundry, and a functional layout check the boxes tenants consistently look for, helping reduce vacancy and turnover, while also making everyday living simple and accessible. The covered patio adds usable outdoor space, and the pet-friendly policy (with restrictions) broadens appeal without sacrificing building quality. What makes this a strong investment is the operational efficiency. Forest Park Estates is known for strong management, well-maintained common areas, and among the lowest strata fees in Cranbrook. Location further de-risks the purchase. The property sits within walking distance to Tamarack Centre, College of the Rockies, restaurants, and public transit, supporting consistent rental demand and convenient daily living. Whether you’re adding to a portfolio, purchasing your first rental, or buying your first home, this unit offers a straightforward, low-maintenance opportunity in a consistently popular complex. Quick possession is available, allowing you to move in or start generating income without delay. (id:61048)

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https://www.realtor.ca/real-estate/29320218/2501-12th-street-n-unit-1009-lot-lot-53-cranbrook-cranbrook-north