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$429,000

514 VICTORIA Street Unit# 207

Nelson · MLS® 10381704

1 bed · 1 bath · 593 sq ft

Condo · Single Family · built 2023 · 189 days on market

Listed by Kimberley Horrocks, eXp Realty

Realtor's description

This urban-chic building and Victoria Street location provide easy access to a vibrant community with shops, restaurants, and cultural attractions, making it convenient for social activities and leisure. The compact living space of this 1 bed/1 bath unit encourages a simpler lifestyle, reducing clutter and upkeep. Bright, efficient and modern-design space is perfect for a single or couple looking to downsize, simplify or simply get into the Nelson market and start building equity. Additionally, 207 has a private south-facing patio, laundry in-suite and comes with building amenities including lounge, rooftop patio space and secure bike storage, enhancing the overall condo living experience. 207 is ideally situated for pet owners, with direct exterior access from the hallway to the rear exit of the building, without the need for stairs. The close-knit community in downtown Nelson fosters a sense of belonging and allows for easy connections with neighbours and friends.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 593 sq ft
Parking: 0
Year built: 2023
Property tax: $2,507 / yr
Strata fee: $302 / mo ($0.51 / sq ft)
Days on market: 189
MLS®: 10381704

Features

One Balcony
Washer
Refrigerator
Dishwasher
Range
Dryer

Property insights

On market 189 days

The market here

Listed now: 189 days; median for 7 condos for sale; this one 189 days

Condos in Nelson. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$2,380/mo

Mortgage $1,869 · Tax $209 · Strata $302

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,869/ monthly

loan $343,200

25-year amortization

down payment20% · $85,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $217,534
property transfer tax: $6,580; BC general rate
cash to close: $92,380; down + PTT
total paid: $560,734

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $1,159/mo
After all costs: −$1,349/mo
Cap rate: 1.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,869 · tax $209 · strata $302 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in Nelson (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca