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$406,000

620 Second Street Unit# 105

Nelson · MLS® 10392464

2 bed · 1 bath · 953 sq ft · 1 parking

Condo · Single Family · built 1979 · 100 days on market

Listed by Lisa Cutler, RE/MAX All Pro Realty

Bright Corner Unit in Desirable Lower Fairview – 55+ Living. Enjoy spacious, comfortable living in this bright main-floor corner condo, ideally located in the sought-after Lower Fairview neighbourhood. Just a short walk from Rotary Park, Safeway, the local mall, and a wide range of everyday amenities, this home offers both convenience and lifestyle. The thoughtfully designed floor plan features a generous one-bedroom layout with the potential to create a second bedroom, office, or den by reinstating a wall in the living room area. Other interior features include gas fireplace, stainless appliances, safety shower, wheel chair accessible & a spacious storage/ mud room. Large windows fill the space with natural light, while the partial enclosed, covered deck provides a comfortable outdoor retreat for year-round enjoyment and easy access with peek-a-boo lake views. Additional highlights include natural gas fireplace, secure underground parking, individual storage lockers, bike and scooter storage, shared laundry facilities, a dedicated recycling area. Located in a well-maintained 55+ community, this home offers a wonderful opportunity to enjoy low-maintenance living in one of Fairview's most convenient locations. Quick Possession

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 953 sq ft
Parking: 1
Year built: 1979
Property tax: $2,254 / yr
Strata fee: $471 / mo ($0.49 / sq ft)
Strata rules: Pets not Allowed, Seniors Oriented
Days on market: 100
MLS®: 10392464

Central island
Pets not Allowed
Seniors Oriented

On market 100 days

Listed now: 189 days; median for 7 condos for sale; this one 100 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.

$2,427/mo

Mortgage $1,769 · Tax $188 · Strata $471

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

estimated payment

$1,769/ monthly

loan $324,800

25-year amortization

down payment20% · $81,20020%+ 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: $205,871
property transfer tax: $6,120; BC general rate
cash to close: $87,320; down + PTT
total paid: $530,671

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: $1,359/mo
After all costs: −$1,212/mo
Cap rate: 1.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,769 · tax $188 · strata $471 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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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