Princeton · V0X1W0
$7,011/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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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.
Vacant Land
Type
Princeton
Area
Listed
April 15, 2026
Nearby & Commute
14h 52m
walk to Buy-Low Foods
4h 31m
bike to Prairie Valley Station
15h 2m
walk to Prairie Valley Station
7h 35m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 49%
| Detached | 26 | 49.1% |
| Land | 12 | 22.6% |
| Mobile home | 6 | 11.3% |
| Duplex | 5 | 9.4% |
| Other | 3 | 5.7% |
| Other | 1 | 1.9% |
| $15,000 to $19,999 | 5 | 2.6% |
| $20,000 to $24,999 | 15 | 7.7% |
| $25,000 to $29,999 | 10 | 5.1% |
| $30,000 to $34,999 | 15 | 7.7% |
| $35,000 to $39,999 | 20 | 10.3% |
| $40,000 to $44,999 | 10 | 5.1% |
| $45,000 to $49,999 | 20 | 10.3% |
| $50,000 to $59,999 | 15 | 7.7% |
| $60,000 to $69,999 | 5 | 2.6% |
| $70,000 to $79,999 | 10 | 5.1% |
| $80,000 to $89,999 | 15 | 7.7% |
| $90,000 to $99,999 | 10 | 5.1% |
| $100,000 to $124,999 | 10 | 5.1% |
| $125,000 to $149,999 | 10 | 5.1% |
| $150,000 to $199,999 | 20 | 10.3% |
| $200,000 and over | 5 | 2.6% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
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Relta requests these from the listing agent and strata and follows up with what is available. Availability is not guaranteed. Review any documents with the appropriate professionals.
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$7,011
Principal and interest
Calculated estimate
$6,453
Property tax
Calculated estimate
$408/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$1,395,000
Down payment
Calculated estimate
$279,000 (20%)
Estimated mortgage
Calculated estimate
$1,116,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$7,011
/mo
Rate
%
Amortization
Principal and interest
$6,453
Property tax (est.)
$408
P&I
Tax
Down payment
$279,000 (20%)
Get Pre-Approved
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $279,000 down (20%) on $1,395,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
At 5.7981 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
