319 GOVERNORS COURT, New Westminster

2026-02-20
 

Quick Summary

Location
319 GOVERNORS COURT, New Westminster, British Columbia V3L5S5
Price
$4,500,000 CAD
Status:
For Sale
Property Type:
Retail

MLS®#C8076372

Property Description

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 residential above. Currently generating solid holding income with an upper-level tenant 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:32467)

Property Features

Building

  • Fireplace: No

Land

  • Land Size: 47876 sqft

Zoning

  • Description: C-2

Information entered by Royal Pacific Realty Corp.
Listing information last updated on: 2026-02-20 01:00:02


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How much could you save in commission selling with One Percent Realty?

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$500,000

Your One Percent Realty Commission savings

$500,000

Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same. Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.

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