$1,495,000
196 Vermilion Avenue
Beds
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Type
Vacant Land
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Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Princeton. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Prime Mixed-Use Development Opportunity in Princeton Positioned to become a landmark in the heart of Princeton, this exceptional property is being prepared for a 27-suite residential building mix of 1 and 2 bedroom suites with main floor commercial space, designated parking and convenient location. design permit is expected shortly which can significantly reduces timelines and allows a developer to move forward with confidence. Princeton is experiencing a critical shortage of housing, with extremely low vacancy rates in both long-term and short-term rentals. Strong demand is driven by major industry players in the region, creating consistent need for employee housing, along with growing demand from the broader community. This property presents a rare opportunity to deliver a signature mixed-use building that combines residential density with valuable commercial frontage—ideal for retail, office, or service-based tenants. The seller is open to building and consulting services if required. With approvals nearing, strong rental demand, and limited competing inventory, this is a chance to develop a trademark building in a market primed for growth and long-term returns. (id:65958)
- Subtype
- Vacant Land
- Structure
- Other
- Community
- Princeton
- Common interest
- Freehold
- Lot size
- 0.2 acres
- Lot dimensions
- 0.2
- On market
- Apr 15, 2026
- Status changed
- Apr 15, 2026
- Annual tax
- $3,183.94
- Photos
- 9
- MLS#
- 10383623
- Area
- PRINCETON
Features and systems
Utilities
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.