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196 Vermilion Avenue, Princeton

MLS® #10383623
About this Property

Prime Mixed-Use Development Opportunity in Princeton Positioned to become a landmark in the heart of Princeton, this exceptional property is being prepared for a 27-suite residential building mix of 1 and 2 bedroom suites with main floor commercial space, designated parking and convenient location. design permit is expected shortly which can significantly reduces timelines and allows a developer to move forward with confidence. Princeton is experiencing a critical shortage of housing, with extremely low vacancy rates in both long-term and short-term rentals. Strong demand is driven by major industry players in the region, creating consistent need for employee housing, along with growing demand from the broader community. This property presents a rare opportunity to deliver a signature mixed-use building that combines residential density with valuable commercial frontage—ideal for retail, office, or service-based tenants. The seller is open to building and consulting services if required. With approvals nearing, strong rental demand, and limited competing inventory, this is a chance to develop a trademark building in a market primed for growth and long-term returns. (id:62865)

Property Information

Status

Active

Property Type

Vacant Land

Ownership

Freehold

Annual Tax

$3,184

Parcel Number

023-163-631

Data Source

Association of Interior REALTORS®

Exterior & Lot

Lot Size

0.2 acres

Building & Utilities

Water Source

Municipal water

Sewer

Municipal sewage system

Utilities

WaterSewerElectricityTelephone

$1,495,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

Canada Flex Realty Group Ltd.

Mortgage Calculator
$299,000

Loan Amount:

$1,196,000

Estimated Monthly Payment:

$5,828

This is an estimate for informational purposes only. Consult with a financial advisor.