- Active
437 Taylor Mill Drive
Princeton · Vacant Land
Listed by Chamberlain Property Group · MLS® 10387696
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Sign inAbout this home
Fantastic investment opportunity in Princeton, BC! This 5.08-acre property is zoned for a Mobile Home Park, and presents a rare chance to capitalize on a potentially high income producing venture. Conveniently situated with easy access off the highway, across the road from the picturesque Similkameen River and adjacent to the prestigious Princeton Golf Club. Princeton and the surrounding areas are a paradise for outdoor enthusiasts, offering a variety of scenic trails to explore. Nestled in the Cascade Mountains at the meeting point of the Tulameen and Similkameen Rivers, Princeton offers breathtaking natural beauty. Locals can take advantage of year-round outdoor activities such as hiking, biking, fishing, and skiing. While currently zoned for a Mobile Home Park, buyers may wish to conduct their own due diligence to explore whether future zoning amendments might allow for additional or alternative uses. Vendor financing may be available depending on terms.
Home facts
- Property type
- Vacant Land
- Area
- Princeton Rural
- Listed
- May 15, 2026
- Structure
- Other
- PID
- 007-533-331
- Common interest
- Freehold
Highlights
- Golf course
Features and inclusions
- Lot
- Level lot
Rooms and building
- Water
- None
- Utilities
- Electricity
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $2,365
- Property tax
- $142/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,657
Purchase snapshot
- List price
- $499,000
- Down payment
- $99,800 (20%)
- Estimated mortgage
- $399,200
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $3,033
- At 6.0772 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.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $1,160 a month
- Gross yield
- 2.8%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- 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.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 38%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.