There was an error while loading the video. It could be a temporary error, so please hit refresh to try again.
If it's still not loading we are sorry for the inconvenience and please report the issue as it could be a solvable issue.
There was an error while loading the video. It could be a temporary error, so please hit refresh to try again.
If it's still not loading we are sorry for the inconvenience and please report the issue as it could be a solvable issue.
Discover a rare and exceptional investment opportunity at 220-222 Vernon Street, a prime property located just steps from the vibrant heart of downtown Nelson. Situated on a spacious 6,000 sq ft lot, this unique offering features not one, but two fully detached homes, each with its own legal suite, creating a total of four independent income-generating units. This turnkey property is currently fully rented, offering immediate and significant cash flow. The thoughtful layout includes two 2-bedroom units and two 1-bedroom units, catering to a diverse tenant base in Nelson's thriving rental market. The property is zoned commercial, presenting exciting possibilities for future development or mixed-use applications, with the current use as a multi-family residence providing a stable and profitable foundation. With a convenient location, residents are just a short stroll from the eclectic shops, renowned restaurants, and cultural attractions of Baker Street, making this one of the most desirable addresses in town. Don't miss out on this incredible chance to acquire a meticulously managed and highly profitable piece of Nelson's booming real estate market. BRAND NEW BATHROOM IN ONE OF THE UNITS! This is an ideal investment for those seeking a stable, high-yield asset in a premier location. (39191642)
Property Type
Single Family
Neighbourhood Name
Nelson
Land Size
0.14 ac|under 1 acre
Annual Property Taxes
$5,645.31 (CAD)
Parking Type
Additional Parking
Time on REALTOR.ca
9 days
Get a taste for the neighbourhood where this listing is located.
The following neighbourhood demographic information is provided by a third-party supplier based on census data from Statistics Canada.
No demographic information is available for this specific location.
Demographics data is temporarily unavailable
This calculator is for demonstration purposes only. REALTOR.ca Canada Inc. does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions.