196 Vermilion Avenue

Key facts

• Property type: Vacant Land
• Structure: Other
• Transaction: For Sale
• Price: class="container" id="details-container",495,000
• Lot size: 0.2
• Listing key: 29610945

Listing overview

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...