Parkcrest Court

Cranbrook is the largest urban centre and primary commercial hub of the East Kootenay region, serving as the area’s centre for healthcare, retail, transportation, education, and government services. With a population of approximately 22,000, the city supports a diversified economy driven by mining, healthcare, transportation, forestry, tourism, and commercial services. As the regional service centre for southeastern British Columbia, Cranbrook benefits from key infrastructure including the Canadian Rockies International Airport, East Kootenay Regional Hospital, and major transportation corridors. The city provides a stable employment base that supports long-term housing demand and economic resilience. Surrounded by the Canadian Rockies, Cranbrook offers year-round recreation, including skiing, golfing, hiking, fishing, and mountain biking. Combined with one of the sunniest climates in British Columbia, the city continues to attract residents, businesses, and investment to the region.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.