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$479,900

514 VICTORIA Street Unit# 404

Nelson · MLS® 10369127

1 bed · 1 bath · 561 sq ft · 0 parking

Condo · Single Family · built 2023 · 328 days on market

Listed by Paula Owen, WK Real Estate Co.

Downtown Nelson Living Made Easy! Step into this brand-new, beautifully crafted 1-bedroom condo in the heart of Nelson, BC. With GST included, this move-in-ready condo offers high ceilings, quality finishes, and stunning views of the City of Nelson, the iconic ""Big Orange Bridge,"" Kootenay Lake and Elephant Mountain - a Nelson postcard - from your deck or pop up to the expansive roof top deck for the best views in Nelson! Enjoy secure bike storage in the building, and an in-suite laundry/storage room. Take advantage of being just steps from Nelson’s lively shops, cafés, and outdoor adventures. Perfect for year-round living or as a stylish seasonal retreat - this condo and building are not to be missed!

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 561 sq ft
Parking: 0
Year built: 2023
Property tax: $2,581 / yr
Strata fee: $250 / mo ($0.45 / sq ft)
Strata rules: Pet Restrictions, Pets Allowed With Restrictions
Days on market: 328
MLS®: 10369127

One Balcony
Pet Restrictions
Pets Allowed With Restrictions
Washer
Refrigerator
Dishwasher

On market 328 days

Listed now: 189 days; median for 7 condos for sale; this one 328 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$2,556/mo

Mortgage $2,091 · Tax $215 · Strata $250

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

estimated payment

$2,091/ monthly

loan $383,920

25-year amortization

down payment20% · $95,98020%+ 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: $243,343
property transfer tax: $7,598; BC general rate
cash to close: $103,578; down + PTT
total paid: $627,263

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.

Rent: $1,159/mo
After all costs: −$1,525/mo
Cap rate: 1.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,091 · tax $215 · strata $250 · 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

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