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117 Vermillion Avenue, Princeton
2026-09-12
Quick Summary
- Location
- 117 Vermillion Avenue, Princeton, British Columbia V0X1W0
- Price
- $1,049,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 8000 sqft
- Year of Construction:
- 1929
MLS®#10400499
Property Description
AN IMPRESIVE 10%+ CAP RATE INVESTMENT AND DEVELOPMENT OPPERTUNITY in the heart of Princeton! Generating approx. $12,000/month from 9 units, this property delivers strong cash flow with a significant upside. An additional approx. 3000 sq ft of unused space on the second floor provides further income potential. Extensive upgrades include new plumbing throughout, updated electrical with 7 individual meters, plus new flooring and paint in most units. Many suites have kitchen and bathroom upgrades as well.The development upside is a huge bonus, initial conceptual drawings have been complete and initial discussions with town have been conducted with huge support. Princeton is a pro development community experiencing major growth, with new builds up to 6 storeys. There is a sever housing shortage and the vacancy rate is below 1%, Princeton is quickly becoming a market for developers and investors. Strong income and incredible future value. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Park, Shopping
Building
- Appliances: Oven - Electric, Oven, Hood Fan, Washer & Dryer
- Basement Type: Crawl space
- Exterior Finish: Other
- Fireplace: No
- Flooring Type: Mixed Flooring
- Interior Size: 8000 sqft
- Building Type: Multi-Family
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: Two Balconies
Land
- Land Size: 0.25 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Luxmore Realty
Listing information last updated on: 2026-09-10 21:33:09
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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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