For Sale · Land

2619 Silver King Road, Nelson

2619 Silver King Road, Nelson, BC V1L7A5

$849,000 total

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Asset Class

Land

Size

—

Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

85%

Lot Size

4.34 ac

About this property

When the opportunity arises to acquire something rare, you grab it. Loacted approximately 200' from the Nelson city boundary you'll find this 4.34 acre parcel ready for whatever you can dream. Private estate, muti-family development, residential lots.... bring your ideas to this fantastic unzoned acreage. With a gentle slope, just under half the property is open field and the remainder is forested privacy. With small building lots in town starting at $225k, the savvy purchaser understands that this acreage is where opportunity meets value.... (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$849K
Down payment30% · $255K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$30K

Annual cash flow

$-17K

Cash-on-cash

-6.81%

DSCR

0.63

Going-in cap

3.50%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

94,026

Households

33,063

Median income

$109,500

Median age

33.9

Daytime population

123,221

5-yr growth

7.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2619 Silver King Road, Nelson.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.