196 Vermilion Avenue Princeton, British Columbia V0X 1W0

$997,000

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:25164)

Property Details

MLS® Number	10402906
Property Type	Vacant Land
Neigbourhood	Princeton
Amenities Near By	Shopping
Features	See Remarks
Road Type	Paved Road

Building

Type	Other
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Shopping
Sewer	Municipal Sewage System
Size Irregular	0.21
Size Total	0.21 Ac|under 1 Acre
Size Total Text	0.21 Ac|under 1 Acre

Utilities

Electricity	Available
Telephone	At Lot Line
Sewer	Available
Water	Available

https://www.realtor.ca/real-estate/30387012/196-vermilion-avenue-princeton-princeton