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502 Cranbrook Street, Cranbrook, BC, V1C 3R6

MLS® # 10358600
Commercial For Sale In Cranbrook, British Columbia
$1,499,900

None Beds

502 Cranbrook Street, Cranbrook, BC
502 Cranbrook Street, Cranbrook, BC
502 Cranbrook Street, Cranbrook, BC
502 Cranbrook Street, Cranbrook, BC
502 Cranbrook Street, Cranbrook, BC
502 Cranbrook Street, Cranbrook, BC
502 Cranbrook Street, Cranbrook, BC
502 Cranbrook Street, Cranbrook, BC
502 Cranbrook Street, Cranbrook, BC
502 Cranbrook Street, Cranbrook, BC
502 Cranbrook Street, Cranbrook, BC
502 Cranbrook Street, Cranbrook, BC
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502 Cranbrook Street, Cranbrook, BC, V1C 3R6
$1,499,900

Property Information:

Fully leased with strong income. Great Investment Opportunity in Prime Location. Seize this exceptional investment opportunity with a centrally located commercial property offering 3 retail units in a high-traffic area. With over 6600 sq ft of versatile space, this well-maintained building is currently fully leased, ensuring immediate rental income for investors. Boasting high visibility, ample parking, and convenient access both from the bustling main strip and a secondary road in the rear, this property is ideally positioned for steady foot traffic. The location, along with its excellent condition, makes it a smart choice for any investor seeking a solid return. Don’t miss out on this prime retail investment!

Property Features:

  • Annual Tax Amount: $35,746
  • Built in: 1971
  • Community Features: Shopping
  • Construction Materials: Block, Stucco, Wood Frame
  • Cooling: Other
  • Heating: Forced Air, Separate Units
  • Lot Size: 24255.00 Square Feet
  • Parking Features: Additional Parking, Rear/Side/Off Street
  • Roof: Metal
  • Utilities: Electricity Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Sewer: Public Sewer

This listing content provided by Association of Interior REALTORS.

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Market Price Trends

All Properties

-2.15%

Price change (1 year)

43.63%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 502 Cranbrook Street, Cranbrook, BC, V1C 3R6

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

29 hot days expected in 2050

Projected Precipitation Risk: Moderate-Low

13 storms expected in 2050

Projected Heat Risk: Moderate

29 hot days expected in 2050

47/100

Moderate

ClimateCheck®

Current data

This property, 502 Cranbrook Street , experiences 7 hot days per year at around 31.4 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 35.4 degrees Celsius.

Projected Avg. Temperature

Past
31.4℃
2050
35.4℃

# Hot Days Per Year

Past
7
2050
29

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-Low

13 storms expected in 2050

34/100

Moderate-Low

ClimateCheck®

Current data

This property, 502 Cranbrook Street , experiences 11 significant 2-day storms per year, with about 190.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 222.6mm of precipitation per year.

Precipitation Per Storm

Past
190.5mm
2050
222.6mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 502 Cranbrook Street, Cranbrook, BC, V1C 3R6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$85,065.02

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.15 %

High school certificate or equivalent

34.31 %

Apprenticeship trade certificate/diploma

9.54 %

College/non-university certificate

23.12 %

University certificate (below bachelor)

0.41 %

University Degree

12.48 %

Commuter

Travel To Work

By Car

80.66 %

By Public Transit

0.0 %

By Walking

16.5 %

By Bicycle

0.0 %

By Other Methods

2.84 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

34.84 %

Houses

65.16 %

Own Vs. Rent

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