Prime Mixed-Use Development Opportunity in Princeton Positioned to become a landmark in the heart of Princeton, this exceptional property is being prepared for a 27-suite residential building mix of 1 and 2 bedroom suites with main floor commercial space, designated parking and convenient location. design permit is expected shortly which can significantly reduces timelines and allows a developer to move forward with confidence. Princeton is experiencing a critical shortage of housing, with extremely low vacancy rates in both long-term and short-term rentals. Strong demand is driven by major industry players in the region, creating consistent need for employee housing, along with growing demand from the broader community. This property presents a rare opportunity to deliver a signature mixed-use building that combines residential density with valuable commercial frontage—ideal for retail, office, or service-based tenants. The seller is open to building and consulting services if required. With approvals nearing, strong rental demand, and limited competing inventory, this is a chance to develop a trademark building in a market primed for growth and long-term returns. (id:4069)
Address
196 Vermilion Avenue
List Price
$1,495,000
Property Type
Vacant Land
Type of Dwelling
Vacant Land
Transaction Type
Sale
Area
British Columbia
Sub-Area
Princeton
Lot Size
0.2 Ac.
MLS® Number
10383623
Listing Brokerage
Canada Flex Realty Group Ltd.
Postal Code
V0X1W0
