319 GOVERNORS COURT, New Westminster

2026-02-20

319 GOVERNORS COURT, New Westminster, British Columbia

For Sale Retail
$4,500,000

MLS®#C8076372

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:32467)

Building Retail
Rooms
Bedrooms
Bathrooms 0
Square Footage 0 ft²
Built in 1878
Parking Type
Neighbourhood New Westminster

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

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$500,000

$300,000 $3,000,000

Your One Percent Realty
Commission savings†

$500,000

† Saving calculated using a sample cooperating commission of 1% to the buyer's agent compared to other agents charging 7% on the first $100,000 & 2.5% on the balance. There is no standard industry commission and cooperating commission options can be discussed with your agent.

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One Percent Realty's top FAQs

Q.
What is the deal exactly, with One Percent?

We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!

Q.
What do you charge?

Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950

Q.
Are your listings on MLS® and realtor.ca?

Yes, and yes.

Learn more about the 1% Deal
Barb
Barb Flesher

REALTOR®

barbflesher@gmail.com

(778) 228-1153

Support Area:
Port Moody,Pitt Meadows,Coquitlam,Port Coquitlam,North Burnaby,Maple Ridge,New Westminster
As a member of the Medallion Club for the past 18 years (Top 10% Realtors in the Real Estate Board of Greater Vancouver), I consider myself an expert in the field. I would be pleased to assist you in the sale, or purchase, of your home. I have lived in...
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