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Investment signal

$685,000

606 Front Street

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Investment signal

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Location 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.

About this home

Excellent affordable investment opportunity in a high traffic location in downtown Nelson BC right beside the West Arm Plaza!! The main floor has 3 commercial rental spaces, 2 are occupied by well established hair salons with a shared kitchen and bathroom, and the other space has been nicely renovated into a live/work space with an office in front and studio apartment behind. The second floor has 3 apartments fully occupied, one studio and 2 - one bedroom. There is also a basement that is great for storage. There will be a brand new torch-on roof installed as well. (id:65958)

Subtype: Other
Structure: Residential Commercial Mix
Community: Nelson
Living area: 3,160 square feet
Lot size: 0.04 acres
Lot dimensions: 0.04
On market: Jul 7, 2025
Status changed: Apr 24, 2026
Annual tax: $7,530
Photos: 33
MLS#: 10354887
Area: NELSON

Features and systems

Heating

Baseboard heatersElectric

Exterior

Stucco

Roof

Tar & gravelUnknown

Negative cash flow ~$773/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.77%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,239

Financing

Down payment$137,000

Loan amount$548,000

Mortgage$2,777/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$314

Insurance$80

Maintenance$571

CapEx reserve$285

Vacancy loss$171

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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 $2,777/mo at 4.5% with 20% down, 30-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 24, 2026.