Area: British Columbia
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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:44056)

Property Details

Full Address:
196 Vermilion Avenue, Princeton, British Columbia
Price:
$ 1,495,000
MLS Number:
10383623
List Date:
April 15th, 2026
Neighbourhood:
Princeton
Lot Size:
0.2 ac
Taxes:
$ 3,184

Interior Features

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Ownership Type:
Freehold
Taxes:
$ 3,184

Floors

Land

Lot Size:
0.2 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Darren Matity Canada Flex Realty Group Ltd.
 236-457-4499
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Listing Agent(s)

Listing: Darren Matity
Canada Flex Realty Group Ltd.

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