317 4TH Avenue S Welcome to this unique 1938 character home on a rare triple lot in Cranbrook, offering future subdivision potential and incredible income-generating opportunities. This home blends timeless character with updates and functionality. The main floor features 2 bedrooms, a 4-piece bath and a bright kitchen with a center island and new dishwasher, that flows seamlessly into the large dining and living areas, highlighted by charming archways and classic wainscotting. The home boasts freshly painted walls, a high efficiency furnace plus new hot water tank. Upstairs offers a spacious, flexible living space with its own bedroom area and a 3-piece bath, perfect for extended family, guests or additional rental potential. The basement provides excellent utility with a workshop space for hobbyists, a welder/dryer plug, 200 AMP electrical panel, plus cold room. Step outside to a gardener’s dream project with a fully fenced yard, bursting with potential - including underground sprinklers, stone pathways, raised garden beds, a large deck and beautiful gazebo perfect for BBQing and entertaining. A detached studio suite sits at the back of the property, complete with carport and separate power meter, 1 bedroom, living area, kitchen, 3-piece bath, laundry, with electric heat and window A/C. With a rental potential of $800+/month the studio suite is ideal for guests, in-laws or maybe a home-based business. The separate fenced yard adds privacy and flexibility. Don't miss this opportunity! (id:203)