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Investment signal

$189,900

1510 Nickelplate Road Unit# 208

Beds

1

Baths

1

Sqft

Year

1982

About this home

Attention Rossland Buyers & Investors! Don’t miss this fantastic tenanted investment opportunity in the heart of Rossland! Affordable, cozy, and move-in ready, this fully renovated 1-bedroom unit features quality flooring throughout, a modern kitchen with brand-new stainless steel appliances, an updated bathroom, and ample storage space. Located in a pet-friendly building, this home offers unbeatable convenience — just a short walk to downtown Rossland, with easy access to scenic hiking and biking trails. Plus, you’re only minutes from world-class skiing and golfing. Whether you’re a first-time buyer, savvy investor, or looking for a charming mountain retreat, this property checks all the boxes! Property is currently rented with a great tenant that would like to stay! **** Bedroom is non-conforming and has no window (id:65958)

Subtype
Single Family
MLS#
10381346
Area
ROSSLAND
Negative cash flow ~$6/mo at these assumptions

Cash on cash

-0.20%

Cap rate

5.85%

GRM

11.3

Break-even rent

$1,407

Financing

Down payment$37,980
Loan amount$151,920
Mortgage$932/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$87
Insurance$80
Maintenance$158
CapEx reserve$79
Vacancy loss$70

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $932/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.

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