414 Falls Street Nelson, British Columbia V1L 1H9
$1,160,000
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:60329)
Property Details
| MLS® Number | 10357602 |
| Property Type | Multi-family |
| Neigbourhood | Nelson |
| Amenities Near By | Shopping |
| Community Features | Pets Allowed, Rentals Allowed |
| Parking Space Total | 6 |
| View Type | City View, Lake View, Mountain View |
Building
| Basement Type | Cellar |
| Constructed Date | 1901 |
| Exterior Finish | Concrete, Wood, Other |
| Fire Protection | Sprinkler System-fire, Security System, Smoke Detector Only |
| Heating Type | See Remarks |
| Stories Total | 3 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Parking
| Street | |
| Stall |
Land
| Access Type | Easy Access |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Shopping |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.11 |
| Size Total | 0.11 Ac|under 1 Acre |
| Size Total Text | 0.11 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/28849340/414-falls-street-nelson-nelson
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September 11 2025 07:01:50
Association of Interior REALTORS®
Coldwell Banker Rosling Real Estate (Nelson)