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196 Vermilion Avenue, Princeton
2026-04-15
Quick Summary
- Location
- 196 Vermilion Avenue, Princeton, British Columbia V0X1W0
- Price
- $1,395,000
- Status:
- For Sale
- Property Type:
- Vacant Land
MLS®#10383623
Property Description
Shovel-ready mixed-use development site with Development Permit in place â 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 â positioning a purchaser to move directly to construction. A strong fit for developers and investors seeking an approved, ready-to-build site in BCâs 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. (id:32467)
Property Features
Building
- Fireplace: No
- Building Type: Other
- Utility Water: Municipal water
Land
- Land Size: 0.2 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Canada Flex Realty Group Ltd.
Listing information last updated on: 2026-08-04 18:19:20
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
One Percent Realty's top FAQs
Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
Yes, and yes.
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