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For Sale · Specialty

606 Front Street, Nelson

606 Front Street, Nelson, BC V1L4B7

$595,000 total

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Asset Class

Specialty

Size

—

Building class

B

Zoning

US — Urban Services

$ / SF

—

Occupancy

84%

Year Built

1901

Lot Size

0.04 ac

About this property

Welcome to 606 Front Street in Nelson, a prime opportunity for investors looking to secure a property in a high-visibility location! This six-unit building offers three residential units upstairs and three commercial spaces on the main level, creating a unique mix of residential and commercial income potential. Positioned along a high-traffic street, this property benefits from excellent drive-by exposure, making it an attractive location for businesses looking to get noticed. And the location? It’s hard to beat! You’re within walking distance of all amenities, beautiful Kootenay Lake, iconic Baker Street, and the mall. Also, 606 Front Street is within a block of Nelson Community Centre - Pool / Fitness Center / Hockey & the Curling Rink. Recently a new $45,000 roof has been installed. The building however, does still require additional upgrades, which is reflected in the current price point, offering investors an opportunity to add value and unlock its potential. If you’re looking for your next investment project in the heart of Nelson, 606 Front Street is worth a closer look! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$595K
Down payment30% · $179K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$31K

Annual cash flow

$-2K

Cash-on-cash

-1.13%

DSCR

0.94

Going-in cap

5.20%

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

79,684

Households

29,503

Median income

$108,000

Median age

46

Daytime population

112,119

5-yr growth

9.4%

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

Secure deal room

Confidential diligence documents for 606 Front 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.