Commercial Real Estate in Cranbrook available for sale
7

Commercial Properties for Sale in Cranbrook

Cranbrook Commercial Property for Sale

More details for 590 Van Horne St S, Cranbrook, BC - Hospitality for Sale

Elizabeth Lake Lodge - 590 Van Horne St S

Cranbrook, BC V1C 4W7

  • Hospitality for Sale
  • $4,750,000 CAD
  • 22,452 SF
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More details for East Kootenay Apartment Portfolio – Multifamily for Sale

East Kootenay Apartment Portfolio

  • Multifamily for Sale
  • Price Upon Request
  • 246,939 SF
  • 6 Multifamily Properties

Portfolio of properties for Sale

Macdonald Commercial (the “Advisors”) is pleased to present the East Kootenay Apartment Portfolio (the “Portfolio”), a 242-unit multifamily offering comprising six purpose-built rental properties located throughout the East Kootenay region of British Columbia, including Cranbrook, Sparwood, and Elkford. The offering consists of Brookfield Apartments, Parkcrest Court, Golden Oak Gardens, Pineway Court, Alpine Court, and Alderwood Place, representing a diverse collection of apartment and townhouse rental housing strategically positioned within the region’s primary economic centres. The properties feature a balanced mix of one-, two-, and three-bedroom suites, together with 30 three-bedroom townhouse units, providing broad appeal to workforce, family, and long-term residents. Collectively, the Portfolio comprises 242 residential units situated across approximately 9.32 acres of land. The properties have benefited from significant capital investment, including roof replacements, building envelope restoration, exterior painting programs, balcony replacement initiatives, accessibility and parking improvements, concrete stair and landing replacements, fire alarm upgrades, and extensive suite renovation programs. More than 50 apartment and townhouse units have been renovated or upgraded throughout the Portfolio, supporting tenant retention and long-term asset performance. These initiatives have enhanced the overall condition of the assets, reduced near-term capital requirements, and created opportunities for future rental growth. The East Kootenay region continues to benefit from a diversified economic base supported by natural resource industries, healthcare, education, transportation, tourism, and commercial services. As the principal service centre for the region, Cranbrook functions as a commercial and transportation hub, while Sparwood and Elkford are supported by major mining operations that generate sustained housing demand. Investors are offered the opportunity to acquire meaningful scale within a supply-constrained rental market characterized by limited new rental inventory and historically strong occupancy fundamentals. Offered for sale as a single transaction, the Portfolio delivers immediate scale, geographic diversification within a cohesive regional market, and a well-established multifamily investment supported by a proven operating history, substantial in-place cash flow, and long-term growth potential.

Contact:

Macdonald Commercial

Property Subtype:

Multi Family

Date on Market:

2026-06-29

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More details for 800 Baker St, Cranbrook, BC - Retail for Sale

800 Baker Street - 800 Baker St

Cranbrook, BC V1C 1A2

  • Retail for Sale
  • $1,999,000 CAD
  • 8,123 SF
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More details for 815 Cranbrook St N, Cranbrook, BC - Flex for Sale

815 Cranbrook St N

Cranbrook, BC V1C 3S2

  • Flex for Sale
  • $3,900,000 CAD
  • 29,158 SF
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More details for 2025 N 10th St, Cranbrook, BC - Multifamily for Sale

2025 N 10th St

Cranbrook, BC V1C 4H5

  • Multifamily for Sale
  • $3,988,000 CAD
  • 269,636 SF
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Commercial Properties for Sale in Cranbrook

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How many commercial properties are available for sale in Cranbrook?
There are currently 8 commercial properties available for sale in Cranbrook, offering a unique opportunity for businesses to establish a presence.
How big are the commercial properties available for sale in Cranbrook?
The average size of commercial properties available for sale in Cranbrook is about 118,932 SF. The largest commercial properties available to buy is 269,636 SF and the smallest is 8,123 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for commercial properties in Cranbrook?
The average market cap rate for commercial properties for sale is about 9.80% based on data provided in Cranbrook. Learn more about how cap rates are calculated.