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Investment signal

$1,500,000

206 / 214 Bridge Street

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Investment signal

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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

This well-positioned 15,000 sq. ft. commercial building presents a rare opportunity to acquire a fully leased investment asset in the heart of downtown Princeton, BC. Situated on a 0.58-acre C2-zoned commercial parcel, the property is occupied by long-term service and retail tenants, providing stable and reliable income. Its central location places it among key anchor businesses including Shoppers Drug Mart, CIBC Banking Centre, and Save-On-Foods, ensuring strong visibility, consistent foot traffic, and long-term tenant appeal. Princeton’s downtown core continues to benefit from a strong resource-based economy and projected community growth, making this property an excellent hold for investors seeking both immediate cash flow and future upside. The generous lot size and flexible C2 zoning offer outstanding potential for future mixed-use residential or commercial redevelopment, adding long-term value. This is a compelling investment opportunity in a growing Interior BC community with proven demand and strategic fundamentals. (id:65958)

Subtype: Other
Structure: Residential Commercial Mix
Community: Princeton
Common interest: Freehold
Living area: 15,000 square feet
Lot size: 0.58 acres
Lot dimensions: 0.58
On market: Jan 16, 2026
Status changed: Apr 24, 2026
Annual tax: $29,819.13
Photos: 11
MLS#: 10372733
Area: PRINCETON

Features and systems

Parking

RearStreet

Heating

Forced airSee remarks

Cooling

Central air conditioning

Exterior

Vinyl sidingConcrete Block

Roof

OtherUnknown

Community

High Traffic Area

Negative cash flow ~$1,598/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.39%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,182

Financing

Down payment$300,000

Loan amount$1,200,000

Mortgage$6,080/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$688

Insurance$80

Maintenance$1,250

CapEx reserve$625

Vacancy loss$375

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $6,080/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.