196 Vermilion Avenue
Princeton, British Columbia
MLS® 10383623
$1,395,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 10383623
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 13Listing description
Shovel-ready mixed-use development site with Development Permit in place — downtown Princeton, BC. Rare Development Permit-approved opportunity offered with a complete, construction-ready development package. The 9,066 sq ft footprint at 196 Vermilion Avenue carries an issued Development Permit for a proposed four-storey mixed-use building of 27 residential suites (21 one-bedroom / 6 two-bedroom) over four ground-floor commercial units.
Current zoning permits mixed-use and hotel use, and the Town of Princeton has confirmed short-term rental use. An adjacent 20-stall parking arrangement is secured by registered covenant. The included package features full architectural and modular design documentation, a Class C cost estimate, and a professional appraisal — positioning a purchaser to move directly to construction.
A strong fit for developers and investors seeking an approved, ready-to-build site in BC’s growing Southern Interior. Proposed building area approx. 23,677 sq ft.
All measurements, permitted uses, and permit conditions are approximate and to be independently verified by the buyer. Detailed development and financial package available to qualified parties on request.
Property summary
- MLS® number
- 10383623
- Property type
- Vacant Land
- Building type
- Other
- Title
- Freehold
- Land size
- 0.2 acres
- Annual property taxes
- $3,183.94
- Days on market
- 133 days
What would this home cost you?
Based on the $1,395,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Canada Flex Realty Group, Princeton.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.