Property Information:

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:27)

Building Features:

Style: Apartment
Building Type: Apartment
Architectural Style: Other
Exterior Finish: Aluminum siding, Concrete Block, Vinyl siding
Floor Space: 866 sqft
Flooring Type: Carpeted, Linoleum, Flooring Type
Roof Material: Tar & gravel
Roof Style: Unknown
Heating Type: Baseboard heaters
Heating Fuel: Electric
Appliances: Range, Refrigerator, Dishwasher, Dryer, Washer

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 2
Bathrooms: 1
Access Type: Easy access
Amenities Nearby: Public Transit, Airport, Park, Recreation, Schools, Shopping
Built in: 1983
Community Features: Pet Restrictions, Pets Allowed With Restrictions
Condo Fees: $215 Monthly
Floor Space (approx): 866 Square Feet
MaintenanceFee Type: Insurance, Property Management, Other, See Remarks
Storage Type: Storage
View Type: Mountain view
Sewer: Municipal sewage system
Parking Type: Stall
No. of Parking Spaces: 1

Rooms:

Bathroom Main Level 8' x 4'11''
Laundry Main Level 9'4'' x 7'8''
Bedroom Main Level 13' x 9'2''
Primary Bedroom Main Level 13' x 11'3''
Dining Main Level 7'10'' x 8'10''
Kitchen Main Level 6'11'' x 7'7''
Living Main Level 12'0'' x 17'9''

Courtesy of: The Fogel Agency

More Detail

Less Detail

Demographic Information of 2501 12TH Street N Unit# 1009 Lot# Lot 53, Cranbrook, British Columbia, V1C 5X3

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$83,447.72

Average Number of Children

1.37

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.1 %

High school certificate or equivalent

35.33 %

Apprenticeship trade certificate/diploma

11.01 %

College/non-university certificate

23.1 %

University certificate (below bachelor)

0.08 %

University Degree

14.37 %

Commuter

Travel To Work

By Car

67.24 %

By Public Transit

0.12 %

By Walking

26.72 %

By Bicycle

0.0 %

By Other Methods

5.92 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

62.28 %

Houses

37.72 %

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