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Investment signal

$699,000

117 HIGH Street

Beds

3

Baths

3.2

Sqft

Year

1901

About this home

Situated within perfect proximity to Nelsons quaint downtown and the iconic Lakeside Park, is a highly desirable home in a nice neighbourhood. Boasting two self contained living units, this home offers you an investment opportunity or an income helper. The recently updated main living area is bright, clean and spacious with high ceilings and new flooring throughout. An open kitchen and dining concept was thoughtfully curated with family gatherings and entertainment in mind. Featuring well maintained kitchen cabinets, an efficient gas fireplace and a tastefully renovated bathroom which kept its heritage charm. There are 2 generous size bedrooms on the upper floor with walk-in closets and a half bath for easy living. An expansive sun deck off the back of the home is the perfect place to rest, restore, relax and soak in the stunning mountain views. The unauthorized basement suite offers 1 bedroom, 1 bathroom and the space area is modern, bright and was refreshed about six years ago. Extending from the unit is an 18 x 8 covered deck. Both units contain laundry. The yard is fenced and nicely landscaped. This home is fantastic, call today and schedule a viewing. (id:65958)

Subtype
Single Family
Lot size
0.08 acres
MLS#
10382467
Area
NELSON
Negative cash flow ~$1,380/mo at these assumptions

Cash on cash

-11.84%

Cap rate

3.52%

GRM

16.6

Break-even rent

$4,952

Financing

Down payment$139,800
Loan amount$559,200
Mortgage$3,431/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$320
Insurance$80
Maintenance$583
CapEx reserve$291
Vacancy loss$175

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 $3,431/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 15, 2026.

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