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220-222 Vernon Street, Nelson
2025-09-08
Quick Summary
MLS®#10361900
Property Description
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. (id:32467)
Property Features
Building
- Basement Type: Full
- Exterior Finish: Stucco
- Fireplace: No
- Flooring Type: Mixed Flooring
- Interior Size: 3790 sqft
- Building Type: Fourplex
- Stories: 4
- Utility Water: Municipal water
Land
- Land Size: 0.14 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Bennett Family Real Estate
Listing information last updated on: 2025-11-12 19:41:16
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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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