196 Vermilion Avenue
Princeton, British Columbia
MLS® 10402906
$997,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 10402906
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 11Listing description
Downtown Princeton mixed-use development opportunity with an issued Development Permit for a proposed four-storey building featuring 27 residential suites (21 one-bedroom and 6 two-bedroom) over four ground-floor commercial units. Proposed building area is approximately 23,677 sq. ft.
The development package includes architectural and modular design documentation, a Class C construction cost estimate and professional appraisal. Parking comprises 10 on-site stalls plus 16 additional stalls secured on the adjacent property by registered covenant. The sellers advise the project is well advanced toward Building Permit and are prepared to work toward Building Permit issuance as part of the terms of a binding offer, subject to municipal approval and agreed terms.
Potential strategies may include conventional rental, accommodation serving Princeton/Copper Mountain workforce demand, short-term rental or hotel-style operation where permitted, affordable housing, or a potential strata/unit-sale strategy, subject to zoning, approvals and applicable legislation. Centrally located near Highway 3, downtown services and amenities. Detailed development and financial package available to qualified parties.
Buyers to independently verify measurements, zoning, permitted uses, title matters, permit status and development requirements.
Property summary
- MLS® number
- 10402906
- Property type
- Vacant Land
- Building type
- Other
- Title
- Freehold
- Land size
- 0.21 acres
- Annual property taxes
- $3,183.00
- Days on market
- 5 days
Features & details
- Lot features
- See remarks
What would this home cost you?
Based on the $997,000 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 Argus Estates (1983) Ltd., New Westminster.
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.