Property Type: Land / LotOwnership: Freehold

2619 Silver King Road

Nelson, BC V1L7A5

$899,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
4.34 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,759.02

Interior

Fireplace
None

Exterior & Lot

View
City view, Lake view, Mountain view, Unknown

Listing Information

MLS®
10384084
Listed
April 21, 2026
Time on market
On the market for 132 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

When the opportunity arises to acquire something rare, you grab it. Loacted approximately 200' from the Nelson city boundary you'll find this 4.34 acre parcel ready for whatever you can dream. Private estate, muti-family development, residential lots.... bring your ideas to this fantastic unzoned acreage. With a gentle slope, just under half the property is open field and the remainder is forested privacy. With small building lots in town starting at $225k, the savvy purchaser understands that this acreage is where opportunity meets value.... (id:63159)

Location Insights

Weather

16°C

Humidity 65%

Wind E 4 km/h

Tonight

10°

Tuesday

27°

Tuesday night

13°

Wednesday

20°

Wednesday night

12°

Thursday

18°

Source: Environment and Climate Change Canada.

Population

11,106

(2021 Census)

+5.1% since 2016

Density: 930.9/km²

Dwellings: 5,314

Median household income: $72,500

After-tax: $65,500

Immigrant population: 15.1%

Top countries of origin (% of total population)

  • United States of America3.5% · 390
  • United Kingdom3.3% · 365
  • Philippines0.8% · 85
  • Germany0.6% · 65
  • Italy0.6% · 65
  • India0.5% · 55
  • Netherlands0.4% · 40
  • South Africa, Republic of0.3% · 35

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Rosemont Elementary SchoolElementary1.1 km
Trafalgar Middle SchoolMiddle1.9 km
WildflowerElementary/Middle2.0 km
ReachSecondary2.0 km
St Joseph School(Independent)Elementary/Middle2.0 km
South Nelson ElementaryElementary2.1 km
Hume Elementary SchoolElementary3.5 km
L V Rogers SecondarySecondary3.7 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Kootenay Lake (SD8)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($64,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$719,200.00
Periodic payment — Principal & Interest (monthly)$4,640.03
Additional monthly expenses (strata, tax, utilities, etc.)$146.59
Total monthly cost$4,786.62
Interest paid over 5-yr term$206,124.79
Balance at end of term$646,922.73

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$64,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,413.94

Cash Needed at Closing

Minimum down payment$64,900
Estimated BC PTT$15,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,380

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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