A Community-Defining Development Opportunity in One of the BC Interior’s Most Coveted Residential and Tourism Markets

Railtown Development Lands

The Opportunity

RLK Commercial is pleased to offer for sale the “Railtown Development Lands” in Nelson, BC (the “Property” or “Site”), a fully-zoned, community-defining development opportunity anchoring the west end of Baker Street in Nelson’s historic “Railtown District”, and representing the last remaining development opportunity of meaningful scale in Nelson’s downtown core. The Site offers ±4.55 acres of land area and C4 (Railtown Core Commercial) zoning, which accommodates a highly flexible mix of commercial and residential uses and allowable building heights of up to 20 metres. Baker Street is well known as one of the most desirable boutique shopping districts in southern BC, with near-zero vacancy and strong leasing demand. Nelson itself is also well known as one of BC’s hottest tourism and residential markets, highlighted by a highly lucrative short-term rental market, out-performing residential market rental rates, and a robust development pipeline of +1,053 new units either planned, completed or under way from major projects such as Hallo Nelson, the Shoreline, and Nelson Landing. The Railtown Development Lands sit at the heart of “Railtown,” and offer an exciting mixed-use development concept including an estimated +/-300,000 SF of total density including +240 units with up to 6 storeys. As the last remaining opportunity to extend the Downtown Core via Baker Street, the Railtown Development Lands offers developers a generational opportunity to create a dynamic new mixed-use neighbourhood at the heart of Nelson – one of BC’s fastest-growing regional markets. The Property is being offered free and clear of financing.