219 Vermillion Avenue, Princeton, British Columbia V0X 1W0

Listed for:
$2,360,000
0 beds
0 baths
Listed 88 days ago
Residential Commercial Mix for rent: 219 Vermillion Avenue, Princeton, British Columbia V0X 1W0

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About

Opportunity to obtain an extensively renovated multi-tenanted mixed-use investment property, featuring Commercial on the Main Floor and 10 Residential units above. Constructed circa 1960s and extensively upgraded in the last 5 years. The main floor retail unit totals approximately 9,577 sq. ft. and is fully leased to Fields Store under a new 5-year term effective November 2024. The second-floor residential units were upgraded in 2021. Situated on an approx. 13,024 sq. ft. C2-Central Business zoned lot. Offered at an attractive CAP rate of 7.02% on the asking price, with a solid tenant mix, makes this a smart investment for the future. (id:27476)

Property Highlights

MLS® Number
10367051
Type
Other
Ownership Type
Freehold
Land Size
0.3 ac|under 1 acre

Building

Building Type
Residential Commercial Mix
Square Footage
17132 sqft
Exterior Finish
Wood
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Location

Learn more about this property
Listing provided by:
RE/MAX Bob Plowright Realty
MLS® number:
10367051
Agent:
Ron Plowright
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