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$254,900

2015 2ND Street N Unit# 1203

Cranbrook North, Cranbrook · MLS® 10400371

2 bed · 1 bath · 864 sq ft · 1 parking

Condo · Single Family · built 1981 · 27 days on market

Listed by Andrew Britner, RE/MAX Blue Sky Realty

Nice and clean 2 bed, 1 bath unit in popular Shannon Heights. This unit has an updated galley kitchen with a dining area, updated vinyl plank flooring, a bright spacious living room and large storage room inside the unit. The 2 bedrooms are spacious and the updated bathroom is a generous size too. Enjoy coffee on your own private balcony. There is a shared laundry on each floor, an elevator in the building and covered parking for your vehicle complete with plug in. This centrally located building is within walking distance to the college, hospital, recreation, shopping and much more. This unit is perfect for hospital staff, college staff or students, first time buyers looking to get into the market or for those simply looking to downsize.

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 864 sq ft
Parking: 1
Year built: 1981
Property tax: $1,990 / yr
Strata fee: $376 / mo ($0.44 / sq ft)
Days on market: 27
MLS®: 10400371

Price per sq ft: $295 vs $293 median for condos in Cranbrook North for sale (8)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

One Balcony
Family Oriented
Refrigerator
Range - Electric
Dishwasher

On market 27 days

Listed now: 28 days; median for 9 condos for sale; this one 27 days

Condos in Cranbrook. Sale prices register 1 to 3 months after a sale closes.

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$1,653/mo

Mortgage $1,111 · Tax $166 · Strata $376

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,111/ monthly

loan $203,920

25-year amortization

down payment20% · $50,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $129,252
property transfer tax: $3,098; BC general rate
cash to close: $54,078; down + PTT
total paid: $333,172

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $1,472/mo
After all costs: −$334/mo
Cap rate: 3.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,111 · tax $166 · strata $376 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Cranbrook (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

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Cranbrook North, CranbrookGoogle Maps ↗