$997,000

Downtown Princeton mixed-use development opportunity with an issued Development Permit for a proposed four-storey building featuring 27 residential suites (21 one-bedroom and 6 two-bedroom) over four ground-floor commercial units. Proposed building area is approximately 23,677 sq. ft. The development package includes architectural and modular design documentation, a Class C construction cost estimate and professional appraisal. Parking comprises 10 on-site stalls plus 16 additional stalls secured on the adjacent property by registered covenant. The sellers advise the project is well advanced toward Building Permit and are prepared to work toward Building Permit issuance as part of the terms of a binding offer, subject to municipal approval and agreed terms. Potential strategies may include conventional rental, accommodation serving Princeton/Copper Mountain workforce demand, short-term rental or hotel-style operation where permitted, affordable housing, or a potential strata/unit-sale strategy, subject to zoning, approvals and applicable legislation. Centrally located near Highway 3, downtown services and amenities. Detailed development and financial package available to qualified parties. Buyers to independently verify measurements, zoning, permitted uses, title matters, permit status and development requirements. (id:64133)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10402906
  Property Type	Vacant Land
  Neigbourhood	Princeton
  AmenitiesNearBy	Shopping
  Features	See Remarks
  RoadType	Paved Road

• Building

  Type	Other
  Utility Water	Municipal Water

• Land

  Acreage	No
  Land Amenities	Shopping
  Sewer	Municipal Sewage System
  Size Irregular	0.21
  Size Total	0.21 Ac|under 1 Acre
  Size Total Text	0.21 Ac|under 1 Acre

• Utilities

  Electricity	Available
  Telephone	At Lot Line
  Sewer	Available
  Water	Available