A solid investment opportunity has just hit the market in Princeton, BC. This 3-bedroom, 1-bathroom home at 511 Similkameen Avenue is listed at $299,000 with a tenant already in place paying $2,000/month.
Immediate cash flow on day one.
Why Princeton?
Princeton is one of BC's most undervalued communities. Homes under $300,000 still exist here — and the small-town charm, outdoor lifestyle, and growing demand make it a smart place to buy.
The town sits along Highway 3, about 90 minutes from Kelowna and two hours from the Fraser Valley. Remote workers, retirees, and investors are all starting to take notice.
Fishing on the Tulameen and Similkameen Rivers, hiking, mountain biking, and proximity to Manning Park make Princeton especially appealing to lifestyle-focused buyers.
What This Property Offers
The layout is practical — 864 square feet with 3 bedrooms and 1 bathroom. Nothing wasted.
The fully fenced yard with alley access gives you secure outdoor space and flexible parking. Great for families with pets or anyone who needs storage for recreational gear.
The location puts you within walking distance of downtown Princeton's shops, cafes, and services. Parks, trails, and a dedicated dog park are all nearby.
The Investment Case
A tenant is already in place paying $2,000/month. No vacancy period. No guessing on rental rates — this is market-tested income.
On a $299,000 purchase price, that's a competitive yield you won't find in any urban market without significantly more capital.
Princeton's rental market is tight — low vacancy rates and demand that consistently outpaces supply. That's a strong position for a landlord.
Why This Price Point Matters
Homes under $300,000 in BC are getting harder to find. This one gives you multiple options — live in it, rent it out, or hold it for appreciation.
Unlike seasonal resort towns with wild price swings, Princeton has year-round residential character. Values here appreciate steadily. The town's ongoing infrastructure investments signal long-term confidence in growth.
Properties bought during periods of relative affordability in the Similkameen Valley have consistently appreciated as more people discover the area.
Location Highlights
Princeton is compact and walkable. Grocery stores, the recreation complex, medical services, and schools are all easy to get to regardless of where you live in town.
The trail network connects directly to walking and biking routes throughout the valley. Daily errands don't require a car — a big plus for a small town.
Listed at $299,000 | 3 Bed, 1 Bath | 864 sq ft | Rented at $2,000/month
For a private showing or more details, contact Jared Gibbons at (604) 928-1361.
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