Scott Morgan - Sutton
44 Baldwin Street
Brooklin, ON L1M1A2
$1,049,000 $5,631 est/mo Sourced by Back At You
117 Vermillion Avenue,Princeton, BC V0X1W0
Princeton, BC V0X1W0
Description
AN IMPRESIVE 10%+ CAP RATE INVESTMENT AND DEVELOPMENT OPPERTUNITY in the heart of Princeton! Generating approx. $12,000/month from 9 units, this property delivers strong cash flow with a significant upside. An additional approx. 3000 sq ft of unused space on the second floor provides further income potential. Extensive upgrades include new plumbing throughout, updated electrical with 7 individual meters, plus new flooring and paint in most units. Many suites have kitchen and bathroom upgrades as well.The development upside is a huge bonus, initial conceptual drawings have been complete and initial discussions with town have been conducted with huge support. Princeton is a pro development community experiencing major growth, with new builds up to 6 storeys. There is a sever housing shortage and the vacancy rate is below 1%, Princeton is quickly becoming a market for developers and investors. Strong income and incredible future value. (id:374)
Details
| MLS # | 10400499 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1929 |
| Days On Site | 46 |
| Listing Provided By | Luxmore Realty | Faizal Tejani |
Features
| SQ Feet | 8,000 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.25 |
Interior
| Heating | Baseboard heaters, Electric |
|---|---|
| Appliances | Oven - Electric, Oven, Hood Fan, Washer & Dryer |
| Fireplace Yes / No | No |
Exterior
| Roof | Other, Unknown |
|---|---|
| Lot Features | Two Balconies |
Parking
| Parking Features | Rear, Street |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Princeton |
| Postal Code | V0X1W0 |
| Listing VS Median (in V0X1W0) | |
Price: $1,049,000 low | high Med: $567,000 sqft: 8,000 low | high Med: 968 $ / sqft: $131 low | high Med: $681 On site: 46 low | high Med: 199 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Princeton |
| Postal Code | V0X1W0 |
| Listing VS Median (in V0X1W0) | |
Price: $1,049,000 low | high Med: $567,000 sqft: 8,000 low | high Med: 968 $ / sqft: $131 low | high Med: $681 On site: 46 low | high Med: 199 | |
Nearby Listings (Within 1/4 mile)
Price: $786K - $1.311M
sqft: 6,000 - 10,000
Listing Updated: September 29, 2026 at 2:15:49 AM PDT
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