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116 VERNON STREET, Nelson
2024-04-10
Quick Summary
MLS®#2476036
Property Description
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 leased at rents between $1,800 and $2,300 per month plus utilities, and the second floor available for immediate occupancy, this opportunity is perfectly suited for either residential or commercial buyers looking to occupy for their own use, or investors seeking rental income. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Shopping, Park, Airport, Public Transit, Recreation Nearby, Highway, Schools, Stores
Building
- Exterior Finish: Wood siding
- Fireplace: No
- Flooring Type: Hardwood, Vinyl, Concrete
- Interior Size: 2740 sqft
- Utility Water: Municipal water
Features
- Feature: Central location, Visual exposure, Other
Land
- Land Size: under 1 acre
- Sewer: See remarks
Ownership
- Type: Freehold
Information entered by Royal LePage Kelowna
Listing information last updated on: 2024-06-17 19:33:58
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
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We charge a total of $9,950 for properties under $900,000. For properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
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