Red panel door with transom window

$1,449,900

628 Twelfth Street, New Westminster, BC V3M 4J4

MLS® C8079918

Description

A rare C2-zoned holding property in one of New West's strongest growth corridors. The building features a newly renovated restaurant space alongside a separate, self-contained residential unit — fully leased and income-producing on month-to-month tenancies, giving an investor flexibility to hold and collect now or move toward redevelopment on their own timeline. The real upside is the land. Offered in conjunction with the adjacent 630 Twelfth Street, the combined site assembles approximately 62 feet of frontage — a development-scale parcel with potential for a 4 storey mixed-use or multifamily residential building, subject to City of New Westminster approvals. Build, hold, or land-bank in a walkable, transit-friendly location close to shops, dining, and amenities. Must be sold in conjunction with 630 Twelfth Street. All tenancies are month-to-month.

Property

Property type

Commercial Sale

Style

Retail

Structure

Freestanding, Low Rise (2-4 storeys)

Ownership

Freehold

Lot and parking

Lot size

3,920.4 sq ft

Costs

Annual property tax

$11,803

Tax year

2,026

Location

Area

New Westminster

Neighbourhood

West End NW

Waterfront

No