319 Governors Court New Westminster, British Columbia V3L 5S5
$4,999,000
A Landmark Opportunity in New Westminster! Own a piece of local history with the iconic "Landmark Building,"formerly the BC Penitentiary. Situated on a 47,876 SF (1.1-acre) C-2 zoned lot, this ±11,522 SF heritage building offers exceptional potential for future mixed-use redevelopment, including ground-floor retail or daycare with residential above (verify with City). The building is partly tenanted with the upper level leased and the lower level home to a fully licensed restaurant (134 indoor seats + 160 patio seats). Modern upgrades completed in 1989 include mechanical, electrical, and full sprinkler systems'move-in ready with no major capital expenses required. Over 40 on-site parking stalls with possible room for expansion. This is a rare opportunity to secure a trophy asset with strong holding income, future upside, and undeniable character. A true gem for investors or visionary developers. Private viewings by appointment only. Please contact listing agent for details. (id:58554)
Property Details
| MLS® Number | C8070261 |
| Property Type | Retail |
| Neigbourhood | McBride Sapperton |
Building
| Constructed Date | 1929 |
| Size Interior | 47,872 Ft2 |
Land
| Acreage | Yes |
| Size Irregular | 47876 |
| Size Total | 47876 Sqft |
| Size Total Text | 47876 Sqft |
| Zoning Description | C-2 |
https://www.realtor.ca/real-estate/28511215/319-governors-court-new-westminster
Contact Us
Contact us for more information
Sepy Kopahi
Personal Real Estate Corporation
#101 - 2806 Kingsway
Vancouver, British Columbia V5R 5T5
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June 24 2025 12:00:35
Greater Vancouver REALTORS®
RE/MAX City Realty
