Parkcrest Court
Property Description
Parkcrest Court is a 46-unit residential complex located in Cranbrook, British Columbia, comprising a 16-unit apartment building and 30 townhouse units distributed across seven townhouse buildings. Constructed circa 1965 and situated on a 2.65-acre site, the property offers a suite mix of 2 two-bedroom units and 44 three-bedroom units. The property has benefited from a comprehensive value-add capital program focused on improving livability, curb appeal, and site functionality. Recent exterior and site enhancements include the construction of a new parking area providing approximately 15 additional stalls plus manager parking, installation of accessible paved ramps servicing the townhouse components, and both interior and exterior fence painting. A significant interior renovation program has been completed across both the apartment and townhouse components. This includes multiple full-suite renovations, along with targeted kitchen and bathroom upgrades, flooring replacements, and general unit refreshes. In aggregate, 15+ units have been meaningfully improved as part of the ongoing repositioning strategy.
Broker Details
Macdonald Commercial Real Estate Services Ltd. 16047365611
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 46 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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