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Royal LePage
Royal LePage
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$1,160,000

Nelson BC, V1L 1H9

MLS® # 10357602

Property Information:

Exceptional investment opportunity in the heart of downtown Nelson.** This fully tenanted 7-plex is ideally located just steps from Baker Street, restaurants, cafes, and local businesses, offering both convenience and lifestyle appeal. The property boasts beautiful lake and mountain views, a rare advantage for a multi-family asset in this central location.Well-maintained and professionally managed, the building has seen recent upgrades including a new fire alarm panel, annual inspection systems, and secure keypad entry. With stable tenants in place, low vacancy history, and steady rental income, this property provides reliable cash flow today with strong long-term potential. The city has also shown support for additional residential density in the area, opening the door to possible future upside. Whether you’re looking to expand your portfolio or secure a foothold in Nelson’s thriving rental market, this 7-plex combines income stability with prime location and future opportunity. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Basement Type: Cellar
  • Exterior Finish: Concrete, Wood, Other
  • Fire Protection: Sprinkler System-Fire, Security system
  • Heating Type:

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Easy access
  • Amenities Nearby: Shopping
  • Built in: 1901
  • Community Features: Pets Allowed, Rentals Allowed
  • Fence Type: Fence
  • View Type: City view, Lake view, Mountain view
  • Sewer: Municipal sewage system
  • Parking Type: Street, Stall
  • No. of Parking Spaces: 6

Courtesy of: Coldwell Banker Rosling Real Estate (Nelson)

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 414 Falls Street, Nelson, British Columbia, V1L 1H9

Demographic Information of 414 Falls Street, Nelson, British Columbia, V1L 1H9

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$100,405.72

Average Number of Children

1.47

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.64 %

High school certificate or equivalent

25.73 %

Apprenticeship trade certificate/diploma

6.16 %

College/non-university certificate

20.12 %

University certificate (below bachelor)

1.85 %

University Degree

36.5 %

Commuter

Travel To Work

By Car

41.92 %

By Public Transit

0.0 %

By Walking

46.49 %

By Bicycle

4.81 %

By Other Methods

6.78 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

33.55 %

Houses

66.45 %

Own Vs. Rent

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