Baker Street Lot# 1 & 6
Nelson, BC V1L4L9
$5,700,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 4.55 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $28,203.79
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10394967
- Listed
- July 16, 2026
- Time on market
- On the market for 46 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.
Description
A rare opportunity to acquire the last large-scale mixed-use development site in Nelson's downtown core. The Railtown Development Lands comprise approximately 4.55 acres with flexible C4 zoning (Mixed-Use Core), permitting a broad mix of residential, commercial, retail, office and hospitality uses with building heights of up to 20 metres or 6 storeys. Positioned at the west end of Baker Street, the property offers the opportunity to extend Nelson's vibrant Baker Street into the city's emerging Railtown District. Preliminary development concepts contemplate up to +300,000 SF of buildable density, including a grocery store, hotel, apartment rental/condo units, and +30,000 SF of complementary commercial space. Nelson continues to experience a thriving tourism economy with strong hotel occupancy rates and ADR's, exceptionally strong grocery sales, minimal commercial vacancy with strong rent growth, and near-zero residential rental vacancy - a marked outlier in the current Canadian context. Surrounded by established businesses, restaurants and amenities, this is a community-defining development opportunity in one of British Columbia's fastest-growing regional markets. Flexible seller financing or potential partnership opportunities may be available for qualified parties. Download the brochure at the link below for more information. (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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
30
5/9 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
| School | Type | Distance |
|---|---|---|
| Wildflower | Elementary/Middle | 725 m |
| Reach | Secondary | 725 m |
| Rosemont Elementary School | Elementary | 828 m |
| St Joseph School(Independent) | Elementary/Middle | 899 m |
| Trafalgar Middle School | Middle | 1.1 km |
| South Nelson Elementary | Elementary | 1.3 km |
| Hume Elementary School | Elementary | 2.3 km |
| L V Rogers Secondary | Secondary | 2.7 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.
Nearby Places
Restaurants (5+)
- The Block Eatery211 m
- How Shang Shway Tea House · 112 Vernon Street401 m
- Thor’s pizzeria · 303 Victoria Street582 m
- Rel-ish Bistro585 m
- The Royal Grill · 330 Baker Street593 m
Cafes (5+)
- Unnamed446 m
- The Vienna Cafe · 411 Kootenay Street586 m
- Bean Here Now599 m
- L&C French Bakery · 390 Baker Street652 m
- Oso Negro Café · 604 Ward Street778 m
Grocery (1)
- Wholesale Club791 m
Parks (1)
- Cottonwood Falls Park471 m
Banks & ATMs (3)
- BMO548 m
- RBC · 401 Baker Street692 m
- CIBC737 m
Nearby places data: © OpenStreetMap contributors.
School district: Kootenay Lake (SD8)
Similar Listings Nearby
No similar listings found nearby right now.
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,140,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.