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:44056)

Property Details

Full Address:
196 Vermilion Avenue, Princeton, British Columbia
Price:
$ 997,000
MLS Number:
10402906
List Date:
October 9th, 2026
Lot Size:
0.21 ac
Taxes:
$ 3,183

Interior Features

Building Features

Sewer:
Municipal sewage system
Water:
Municipal water
Utilities:
Water, Sewer, Electricity, Telephone
Ownership Type:
Freehold
Taxes:
$ 3,183

Floors

Land

Lot Size:
0.21 ac
Lot Features:
See remarks
Road Type:
Paved road

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Chad Kennedy Personal Real Estate Corporation Argus Estates (1983) Ltd.
778-840-5608
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Listing Agent(s)

Lead Agent: Chad Kennedy
Office: Argus Estates (1983) Ltd.
Originating Board: Association of Interior REALTORS®

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