No photos available
Investment signal

$280,000

605 & 607 Gore Street

Beds

Baths

Sqft

Year

Location

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Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Double-Lot Opportunity in Nelson's Coveted Uphill Neighbourhood! Two separately titled, R1-zoned lots in the heart of Uphill Nelson— an increasingly rare find in a city where buildable land is becoming more and more scarce. Positioned a few blocks from schools, parks, and local treasures such as the Uphill market or the iconic Nelson Brewing Company, this property puts Nelson's vibrant lifestyle within easy walking distance. The sellers have explored the development of a duplex and have detailed design plans which could be provided to buyers as a great starting point for any potential future builds. Water, sewer, gas, and power are available, and access could be achieved from Gore street or from the alley between Gore and Robson. Nelson is a world-class ski and outdoor lifestyle destination, and opportunities like this won't be around for much longer. This is your chance to put down roots in one of British Columbia's most beloved mountain communities. (id:65958)

Subtype
Vacant Land
Structure
Other
Community
Nelson
Common interest
Freehold
Lot size
0.14 acres
Lot dimensions
0.14
On market
Apr 15, 2026
Status changed
Apr 16, 2026
Annual tax
$1,855.45
Photos
17
MLS#
10383325
Area
NELSON

Features and systems

Utilities

WaterSewerNatural GasElectricity
Positive cash flow ~$347/mo at these assumptions

Cash on cash

7.45%

Cap rate

7.38%

GRM

9.7

Break-even rent

$2,034

Financing

Down payment$56,000
Loan amount$224,000
Mortgage$1,374/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$128
Insurance$80
Maintenance$233
CapEx reserve$117
Vacancy loss$120

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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Nelson. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $1,374/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 16, 2026.

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