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$389,000

620 Second Street Unit# 304

Nelson · MLS® 10392174

2 bed · 1 bath · 1,016 sq ft · 18 parking

Condo · Single Family · built 1979 · 110 days on market

Listed by Tad Lake, Royal LePage Rosling Realty

Realtor's description

Top floor 2 bedroom unit available in one of the better locations of Fairview with easy access to local amenities. This condo is located in lower Fairview and provides secure underground parking, elevator access and just blocks to Lakeside park, Safeway and the mall for all of your shopping needs. These units offer covered decks, and this one is finished to enjoy the deck year round. Although this unit is original finishings, it is a spacious unit at over 1000 sqft and will be a great value with some updates to flooring. Other features in the building include shared laundry, individual storage lockers, bike and scooter parking, recycling area and car washing hose. If you are 55+ years young and looking to personalize a space this could be a great opportunity for you or aging family members.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 1,016 sq ft
Parking: 18
Year built: 1979
Property tax: $2,447 / yr
Strata fee: $500 / mo ($0.49 / sq ft)
Strata rules: Seniors Oriented
Days on market: 110
MLS®: 10392174

Features

Corner Site
Balcony
Seniors Oriented
Refrigerator
Oven - Electric

Property insights

On market 110 days · no price changes so far

The market here

Listed now: 189 days; median for 7 condos for sale; this one 110 days

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

Monthly cost

$2,399/mo

Mortgage $1,695 · Tax $204 · Strata $500

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

estimated payment

$1,695/ monthly

loan $311,200

25-year amortization

down payment20% · $77,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 8, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $197,251
property transfer tax: $5,780; BC general rate
cash to close: $83,580; down + PTT
total paid: $508,451

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: $1,359/mo
After all costs: −$1,184/mo
Cap rate: 1.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,695 · tax $204 · strata $500 · 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