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:4069)
Address
196 Vermilion Avenue
List Price
$997,000
Property Type
Vacant Land
Type of Dwelling
Other
Transaction Type
Sale
Area
British Columbia
Sub-Area
Princeton
Lot Size
0.21 Ac.
MLS® Number
10402906
Listing Brokerage
Argus Estates (1983) Ltd.
Postal Code
V0X1W0
Ownership
Freehold
Site Influences
Shopping
Features
See remarks
Water Source
Municipal water
Sewer
Municipal sewage system
