$1,159,000

Investment For Sale In Nelson, British Columbia

$1,159,000

Property Information:

116 Vernon Street offers a rare opportunity to acquire a commercially zoned 3-unit residential multi-plex with iconic positioning at the heart of Downtown Nelson, BC, just one block from Baker Street. Offering permanently unobstructed mountain and lake views, and completely retrofitted in 2005, the building features total rentable area of ~2,710 SF across 3 units, including a modern 3rd floor 1-bedroom plus loft, and 1st and 2nd floor commercial units originally designed for residential use, providing immediate and efficient residential reconversion potential via re-addition of the kitchens. The building has been exceptionally managed and maintained since 2005, and represents one of the most attractive landmarks along Vernon Street. With two units currently vacant, and the ground floor leased on a month-to-month basis, this opportunity is perfectly suited for either residential or commercial buyers looking to occupy for their own use, or investors seeking rental income. (id:27)

Building Features:

  • Style: Multiplex
  • Exterior Finish: Wood siding
  • Flooring Type: Hardwood, Vinyl, Concrete
  • Utility Power: Single Phase
  • Heating Type: Electric baseboard units
  • Heating Fuel: Electric

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Easy access, Highway access
  • Amenities Nearby: Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores
  • Built in: 1901
  • Community Features: High Traffic Area, Family Oriented
  • Features: Central location, Visual exposure, Other
  • Floor Space (approx): 2740.00
  • Zoning Type: Residential/Commercial
  • Sewer: Sewer

Courtesy of: Royal LePage Kelowna

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