18
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$2,099,990
Est. payment /mo
2,178 Sqft Lot
Active
416 Columbia ST New Westminster, BC V3L 1B1
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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
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