414 Falls StreetNelsonBritish ColumbiaV1L1H9

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:35966)

Listing Details

Property Details

Full Address:
414 Falls Street, Nelson, British Columbia
Price:
$ 960,000
MLS Number:
10379796
List Date:
March 17th, 2026
Neighbourhood:
Nelson
Lot Size:
0.11 ac
Year Built:
1901
Taxes:
$ 5,474

Interior Features

Heating:
Baseboard heaters, Electric

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Garage:
Street
Ownership Type:
Freehold
Taxes:
$ 5,474

Floors

Land

Lot Size:
0.11 ac

Neighbourhood Features

Ratings

Commercial Info

Location

Neighbourhood Details