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| 117 Vermillion Avenue Princeton V0X1W0 |
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| Price : $1,049,000 |
Listing ID : 10400499
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| Property Type : Multi-family |
Building Type : Multi-Family |
| Title : Freehold |
Finished Area : 8000 sqft |
| Built in : 1929 |
Total Parking Spaces : - |
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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:56537)
Call (250)-864-7337 for showing information. |
| Details |
| Amenities Nearby : Park, Shopping |
Access : Easy access |
Appliances Inc : Oven - Electric, Oven, Hood Fan, Washer & Dryer |
| Community Features : Pets Allowed With Restrictions |
Features : Two Balconies |
Structures : - |
| Total Parking Spaces : - |
View : - |
Waterfront : - |
| Zoning Type : - |
| Building |
| Architecture Style : - |
Bathrooms (Partial) : 0 |
Cooling : - |
| Fire Protection : - |
Fireplace Fuel : - |
Fireplace Type : - |
| Floor Space : - |
Flooring : Mixed Flooring |
Foundation Type : - |
| Heating Fuel : Electric |
Heating Type : Baseboard heaters |
Roof Style : Unknown |
| Roofing Material : Other |
Sewer : Municipal sewage system |
Utility Water : Municipal water |
| Basement |
| Type : Crawl space |
Development : - |
Features : - |
| Land |
| Landscape Features : - |
| Rooms |
| Level : |
Type : |
Dimensions : |
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Data from sources believed reliable but should not be relied upon without verification. All measurements are
approximate.MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association.
REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate
Association and the National Association of REALTORS® .Copyright © 2023 Don Rae REALTOR® Not intended to solicit properties currently
under contract.
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