Property Type: Condo / ApartmentOwnership: Strata

514 VICTORIA Street Unit# 506

Nelson, BC V1L4K8

$539,900

2 bed1 bath1 parking638 sqftBuilt 2023
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$292/mo
Annual property tax
$2,612

Maintenance Fee Includes

Management

Also included: Ground Maintenance, Insurance, Reserve Fund Contributions

Interior

Heating
Baseboard heaters
Fireplace
None
Flooring
Tile, Vinyl

Exterior & Lot

Exterior features
Concrete, Stucco, Other
View
Mountain view, Valley view

Building

Roof
Other, Unknown

Parking

Total spaces
1 — covered indicated
Features
Carport, Stall

Restrictions & Policies

Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
KitchenMain level9'5'' x 11'5''
Living roomMain level14'5'' x 11'5''
Full bathroomMain level5'8'' x 8'7''
Primary BedroomMain level10'10'' x 9'6''
BedroomMain level10'10'' x 8'7''

Listing Information

MLS®
10367370
Listed
November 3, 2025
Time on market
On the market for 301 days
Data last synced
August 28, 2026

Listing provided by: WK Real Estate Co. · Data source: CREA DDF.

Description

Brand New 2-Bedroom Condo in the Heart of Nelson! This brand new 2-bedroom, 1-bathroom condo is perfectly situated just steps from the vibrant downtown core — enjoy walking to local restaurants, shops and cafes with ease. This south-facing unit has great natural light, creating a warm and inviting atmosphere. Enjoy living on the top floor of this quality building and sipping coffee on your South facing patio, or pop up to the expansive rooftop deck for the best views in Nelson! This condo comes with one covered parking stall (# 17) and the building has a large indoor, secure bike storage area. Located just a short drive from Whitewater Ski Resort, this home is ideal for outdoor enthusiasts. Spend your weekends skiing, hiking, or exploring everything the Kootenays have to offer. Own a stylish and low-maintenance condo in one of BC’s most charming mountain towns. Perfect for first-time buyers, down-sizers, or as a vacation getaway! (id:63159)

Values & Trends

This listing

$846/sqft

Building average

$812/sqft

3 active listing(s)

Nelson average

$658/sqft

12 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

67

6/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
St Joseph School(Independent)Elementary/Middle246 m
WildflowerElementary/Middle304 m
ReachSecondary304 m
South Nelson ElementaryElementary480 m
Trafalgar Middle SchoolMiddle490 m
Hume Elementary SchoolElementary1.4 km
Rosemont Elementary SchoolElementary1.4 km
L V Rogers SecondarySecondary1.8 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.

Nearby Places

Restaurants (5+)

  • All Seasons Cafe85 m
  • BiBo107 m
  • Kootenay Tamil Kitchen · 660 Baker Street121 m
  • Main Street Diner125 m
  • Sprout · 569 Ward Street134 m

Cafes (5+)

  • SideWinders144 m
  • Oso Negro Café · 604 Ward Street154 m
  • John Ward Cafe192 m
  • Empire Coffee224 m
  • L&C French Bakery · 390 Baker Street303 m

Grocery (4)

  • Kootenay Tamil Kitchen Spices · 639 Baker Street150 m
  • Kootenay co-op · 777 Vernon Street253 m
  • Wholesale Club526 m
  • Walmart Supercentre786 m

Parks (4)

  • Hall Street Park110 m
  • NDCC park410 m
  • Cottonwood Falls Park557 m
  • Gyro Park615 m

Pharmacies (2)

  • Pharmasave163 m
  • Walmart Pharmacy · 1000 Lakeside Drive768 m

Banks & ATMs (5+)

  • Scotiabank167 m
  • Unnamed171 m
  • Unnamed171 m
  • CIBC245 m
  • RBC · 401 Baker Street286 m

Nearby places data: © OpenStreetMap contributors.

School district: Kootenay Lake (SD8)

Mortgage & Ownership Cost Calculator

Minimum required: 5.4% ($28,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$431,920.00
Periodic payment — Principal & Interest (monthly)$2,786.60
Additional monthly expenses (strata, tax, utilities, etc.)$541.74
Total monthly cost$3,328.34
Interest paid over 5-yr term$123,789.51
Balance at end of term$388,513.44

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$28,990
Stress test qualifying rate8.09%
Payment you must qualify for$3,928.72

Cash Needed at Closing

Minimum down payment$28,990
Estimated BC PTT$8,798
Legal / closing costs (typical estimate)$1,500
Total cash needed$39,288

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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