219 Vermilion Av 10,001 SF 100% Leased Retail Building Princeton, BC V0X 1W0 $2,360,000 CAD ($235.98 CAD/SF) 7% Cap Rate

Fully Leased Investment Property: Multi-tenanted commercial and residential building, offered at $2,360,000 with a strong 7% CAP rate on the asking price.
Solid Tenant Mix: Main floor retail unit (approx. 9,577 sq. ft.) leased to Fields Store until October 2029, with two 5-year renewal options. Residential component includes 10 upgraded units (seven 1-bed, one 2-bed, two bachelor suites).
Recent Upgrades: Electrical, plumbing, heating, and cooling systems updated in 2021. Commercial unit renovated in 2024 with new LED lighting, flooring, drywall, paint, ceiling tiles, and furnace. New air conditioning scheduled for spring 2025.
Attractive Income: Total gross annual income of $239,230.08, with net income of $165,530.08 after operating
Prime Location: Situated on a 13,024 sq. ft. C2-zoned lot in the heart of Princeton, a growing community with competitive operating costs, low municipal tax rates, and a robust labour pool.
Economic Drivers: Region supported by forestry, mining, and tourism. Copper Mountain Mine, a major local employer, has an estimated life to 2044.
Fields Store Anchor Tenant: Fields is a well-established department store chain with over 60 locations across Western Canada, providing stability and reliability for investors