511 14th Avenue S Cranbrook, British Columbia V1C 2X9

$549,900

A rare chance to secure two separately titled parcels totaling 0.28 acres in one of Cranbrook South’s most established and sought-after neighborhoods. Opportunities like this almost never hit the market. With schools, parks, shopping, and downtown just minutes away, this property delivers location, land, and long-term upside in one package. The original 1954 rancher sits proudly across both parcels, offering 2,755 sq. ft. of living space with four bedrooms, two bathrooms, hardwood floors, and two fireplaces. The main level is bright and inviting, while the finished basement features a private exterior entrance perfect for in law living or a future legal suite (subject to City approval). Live comfortably now while you plan your next move. The real value is the land. With two legal PIDs and R-1 zoning that permits up to four dwelling units per parcel over 280 m², this property opens the door to multiple future pathways. Whether you’re thinking renovation, expansion, redevelopment, or exploring multi unit options, the flexibility here is exceptional. The lot is level, services are in place, and the quiet, tree lined street adds lasting appeal for both homeowners and investors. Any subdivision or redevelopment would require municipal approval, but the existing parcel configuration gives you a strong head start. Outside, enjoy mature landscaping, a covered deck, in-ground sprinklers, and a two car carport with plenty of room to build or reimagine the space. This is a true land value opportunity for someone ready to add equity and capitalize on the stability and growth of Cranbrook South. The home works well for owner-occupants who value space and location, while investors will immediately recognize the upside. The price reflects both the home’s original condition and the exceptional potential of the property. Book your showing and see firsthand what makes this offering so unique. (id:63476)

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