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414 Falls Street
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414 Falls Street $1,160,000
$1,160,000
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414 Falls Street
Nelson, British Columbia V1L1H9

MLS® Number: 10357602

Listing Description

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. (39206942)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Storeys
3
Neighbourhood Name
Nelson
Title
Freehold
Land Size
0.11 ac|under 1 acre
Built in
1901
Annual Property Taxes
$5,474
Parking Type
Street, Stall
Time on REALTOR.ca
95 days

Price and Sale History

Date Status Price
Feb 20, 1990 Sale Closed $91,500

Building

Bathrooms
Partial
0
Interior Features
Basement Type
Cellar
Building Features
Present Use
Community Multi-Tenant
Fire Protection
Sprinkler System-Fire, Security system, Smoke Detector Only
Heating & Cooling
Heating Type
See remarks
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Concrete, Wood, Other
Neighbourhood Features
Community Features
Pets Allowed, Rentals Allowed
Amenities Nearby
Shopping
Parking
Parking Type
Street, Stall
Total Parking Spaces
6

Land

Lot Features
Fencing
Fence
View
City view, Lake view, Mountain view
Other Property Information
Access
Easy access
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250-354-9449
REALTOR® Website
Email
Coldwell Banker Rosling Real Estate (Nelson)
593 Baker Street
Nelson, British Columbia V1L4J1
250-352-3581
250-352-5102

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