REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,999,000
Est. payment | /mo
1 Acres Lot
$ 4,999,000
Est. payment | /mo
1 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8070261
Year Built 1929
Lot Size 1.000 Acres
Property Sub-Type Retail
Property Description
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.
Location
Province BC
Community Fraserview Nw
Area New Westminster
Zoning C-2
Building
Sewer Public Sewer
Water Public
Others
Ownership Freehold
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "