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117 Vermillion Avenue
Princeton V0X 1W0

$1,049,000
Multi-family 8,000 sq. ft. built: 1929

Main Photo: 117 Vermillion Avenue in Princeton: Multi-family for sale : MLS®# 10400499
Status:
Active
Prop. Type:
Multi-family
MLS® Num:
10400499
Year Built:
1929
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:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Property Attached:
Yes
Total Living Area:
8,000 sq. ft.
Taxes:
$0 / -
Community:
Princeton
Exterior Features:
Other
Community Features:
Pets Allowed With Restrictions
Structure Type:
Multi-Family
Appliances Included:
Oven - Electric, Oven, Hood Fan, Washer & Dryer
Half Bathrooms:
0
Roof:
Other, Unknown
Fireplace:
No
Floor finish:
Mixed Flooring
Heating:
Baseboard heaters, Electric
Roof Style:
Other, Unknown
# Storeys:
2.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Crawl space
Lot Size:
10,890 sq. ft.
Lot Details:
0.25
Lot Features:
Two Balconies
Parking:
Rear, Street
  • Photo 1: 117 Vermillion Avenue in Princeton: Multi-family for sale : MLS®# 10400499
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Listed by Luxmore Realty
Data was last updated September 10, 2026 at 10:45 PM (UTC)
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