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319 GOVERNORS COURT

New Westminster, BC, V3L5S5

Listed by Royal Pacific Realty Corp.

$4,500,000

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Listed 244 days ago · MLS® C8076372

About this home

Foreclosure alert! Own a true piece of New Westminster history! The iconic "Landmark Building, " formerly part of the historic BC Penitentiary, offers a rare opportunity to secure a one-of-a-kind trophy property. Situated on a 47,876 SF (1.1-acre) C-2 zoned lot, this ±11,522 SF heritage building presents exciting future redevelopment potential (verify with City), including possible mixed-use with retail or daycare at street level and office units above. Currently generating solid holding income with upper-level tenants in place and a fully licensed restaurant below featuring 134 indoor seats plus a 160-seat patio. Extensive upgrades (mechanical, electrical, and full sprinkler systems) were completed in 1989. Over 40 on-site parking stalls with potential for expansion. A unique investment opportunity blending historic character, stable income, and long-term upside. Private viewings by appointment only. (id:66966)

Details

Type
Retail
Property tax
$66,762 (2025)
Municipality
New Westminster

Interior

Fireplace
No

Building and exterior

Year built
1878

Location

Location is approximate. See nearby homes on the map

Listed by Royal Pacific Realty Corp..

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