For Sale: 196 Vermilion Avenue, Princeton, BC - REW
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$997,000
0 bd • 0 ba • sf • Land/Lot
196 Vermilion Avenue
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$997,000
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196 Vermilion AvenuePrinceton, BC, V0X 1W0

  • 0 Bed
  • 0 Bath
  • Sqft
  • Land/Lot

About this home

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. (id:63626)
Listed by: Chad Kennedy PREC*, Salesperson, Argus Estates (1983) Ltd.

Home facts and features

Price details
List Price
$997,000
Get Pre-Approved
Gross Taxes for 2026
$3,183
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Lot Size
9147 ft²
Depth
Title
Freehold
Agent details
Primary Agent
Primary Broker
Argus Estates (1983) Ltd.
Listing details
Days on REW
17 Days
Property Views
136
MLS® Number
10402906
Source
Canadian Real Estate Association
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25 Years
Interest Rate
3.99%

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Property Insights

Princeton Secondary School
  • Public
  • 8 - 12
Vermilion Forks Elementary School
  • Public
  • 4 - 7
John Allison School
  • Public
  • Pre-K - 3
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Chad Kennedy PREC*
Phone:
778-840-5608
Office:
604-524-4948
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