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Princeton
219 Vermillion Avenue
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219 Vermillion Avenue $2,360,000
$2,360,000
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219 Vermillion Avenue
Princeton, British Columbia V0X1W0

MLS® Number: 10367051

Listing Description

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. (39412013)

Property Summary

Property Type
Other
Building Type
Residential Commercial Mix
Neighbourhood Name
Princeton
Title
Freehold
Land Size
0.3 ac|under 1 acre
Built in
1961
Time on REALTOR.ca
47 days

Price and Sale History

Date Status Price
Jul 29, 2021 Sale Closed $1,900,000

Building

Bathrooms
Partial
0
Exterior Features
Roof Style
Unknown
Exterior Finish
Wood

Measurements

Square Footage
17132 sqft

Land

Lot Features
Present Use
Mixed use
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604-858-7179
REALTOR® Website
Email
RE/MAX Bob Plowright Realty
1-7300 Vedder Rd
Chilliwack, British Columbia V2R4G6
604-858-7179
604-858-7197
Office Website
604-858-7179
REALTOR® Website
Email
RE/MAX Bob Plowright Realty
1-7300 Vedder Rd
Chilliwack, British Columbia V2R4G6
604-858-7179
604-858-7197
Office Website
Ron Plowright