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Additional details

Nader Bakhoum,PMP, P.Eng.

info@home-nader.com +1(604) 612-7228

$ 2,099,990

Est. payment | -/mo

2,178 Sqft Lot

Save

$ 2,099,990

Est. payment | -/mo

Save

2,178 Sqft Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type Asset

MLS Listing ID C8077395

Year Built 1947

Lot Size 2,178 Sqft

Property Sub-Type Retail

Property Description

Prime mixed-use investment opportunity in Downtown New Westminster offering strong cash flow and future redevelopment upside. The property comprises approximately 3,000 sq. ft. of total leasable area and features a diverse tenant mix, including a vape shop, tattoo shop and a distinctive coffee shop, all operating under gross lease. The asset benefits from under-market rents and is zoned C-8, allowing for high-rise redevelopment, making it well suited for investors seeking income today with long-term value appreciation. Strategically located along Columbia Street in New Westminster, with high pedestrian traffic, excellent SkyTrain access, and attractive water views, enhancing appeal for both commercial tenants and future development.

Location

Province BC

Community Quay

Area New Westminster

Zoning C-8

Interior

Heating None

Cooling None

Exterior

Utilities Available Sanitary sewer at LotLine, Storm Sewer at Lot Line, City Water at Lot Line

Roof Type Asphalt

Total Parking Spaces 4

Building

Story 3

Sewer Public Sewer

Water Public, City Water at Lot Line

Others

Ownership Freehold

416 Columbia ST New Westminster, BC V3L 1B1