196 Vermilion Avenue, Princeton, British Columbia V0X1W0

Property Description

Shovel-ready mixed-use development site with Development Permit in place — 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 — positioning a purchaser to move directly to construction. A strong fit for developers and investors seeking an approved, ready-to-build site in BC’s 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:5764)