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For Sale · Specialty

446 Baker Street, Nelson

446 Baker Street, Nelson, BC V1L4H8

$2.2M total

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Asset Class

Specialty

Size

—

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

86%

Year Built

1901

Lot Size

0.08 ac

About this property

Available for sale is 446 Baker Street, a historic three-storey mixed-use building in the heart of Nelson’s vibrant downtown, offering exceptional dining, shopping and entertainment alongside authentic small-town charm. Originally constructed circa 1901, the building features distinctive brick and beam architecture, approximately 2,550 SF floor plates, 10,800 SF of gross floor area and 8,995 SF of net rentable area. The property includes prominent street-front retail space (Maison), basement commercial space (Heavy Chevy Haircuts & Vintage Clothing), flexible second-floor office and studio space, and two third-floor residential suites renovated in 2018, featuring modern finishes, skylights and ceilings up to 13 feet. The partially improved second floor offers additional leasing or owner-occupancy potential. With diversified residential and commercial income, significantly below-market rents and all three commercial tenancies on month-to-month terms, the property presents an attractive investment or owner-occupier opportunity with substantial rental upside. Offered on an “as is, where is” basis. Download the brochure at the link below for more information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.17M
Down payment30% · $651K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$10K

Projected NOI

$122K

Annual cash flow

$2K

Cash-on-cash

0.24%

DSCR

1.01

Going-in cap

5.61%

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

74,926

Households

27,716

Median income

$118,000

Median age

33

Daytime population

114,541

5-yr growth

7.6%

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

Secure deal room

Confidential diligence documents for 446 Baker Street, 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.