Property Type: Land / LotOwnership: Freehold

Lot C Mill Street

Nelson, BC V1L4T2

$225,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.15 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0

Interior

Fireplace
None

Listing Information

MLS®
10345667
Listed
March 6, 2026
Time on market
On the market for 178 days
Data last synced
August 28, 2026

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

Description

Opportunity Knocks in Nelson's Coveted Mill Street Area! Discover the potential of Lot C on Mill Street, a prime piece of real estate in the vibrant ski town of Nelson, BC. This R1 zoned lot offers a rare combination of lifestyle and location to explore Nelson's renowned outdoor adventures and charming downtown. Build a duplex or a home plus a laneway home for your Nanny, In laws or a rental, Short term rentals allowed. Embrace the outdoors with effortless access to a network of trails right near your doorstep. The fantastic Great Northern Rail Trail system is also conveniently close by, ideal for biking, walking, and enjoying the stunning scenery. Leave the car behind and enjoy a leisurely walk to downtown Nelson, where you'll find a delightful array of shops, restaurants, cafes, and cultural attractions. The peaceful location offers a welcome retreat while keeping you connected to the heart of the city This lovely, quiet location offers the perfect blend of tranquility and convenience. Essential services are readily available. Don't miss this exceptional opportunity to secure a versatile property in one of BC's most sought-after towns! Adjoining Lot B is also available. Imagine! (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

19

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

SchoolTypeDistance
South Nelson ElementaryElementary519 m
Trafalgar Middle SchoolMiddle674 m
St Joseph School(Independent)Elementary/Middle804 m
Hume Elementary SchoolElementary931 m
ReachSecondary973 m
WildflowerElementary/Middle973 m
L V Rogers SecondarySecondary1.1 km
Secondaire de NelsonSecondary1.1 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 (3)

  • BiBo732 m
  • All Seasons Cafe759 m
  • Kootenay Tamil Kitchen · 660 Baker Street786 m

Cafes (1)

  • SideWinders762 m

Grocery (1)

  • Kootenay co-op · 777 Vernon Street733 m

Parks (2)

  • Gyro Park569 m
  • Hall Street Park711 m

Pharmacies (1)

  • Pharmasave780 m

Nearby places data: © OpenStreetMap contributors.

School district: Kootenay Lake (SD8)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($11,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$180,000.00
Periodic payment — Principal & Interest (monthly)$1,161.30
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$1,161.30
Interest paid over 5-yr term$51,588.52
Balance at end of term$161,910.58

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$11,250
Stress test qualifying rate8.09%
Payment you must qualify for$1,643.66

Cash Needed at Closing

Minimum down payment$11,250
Estimated BC PTT$2,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$15,250

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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