740 Columbia St - Interurban 1,082 SF Retail Condo Unit Offered at $1,352,000 CAD in New Westminster, BC V3M 1B4
INVESTMENT HIGHLIGHTS
- End Cap Corner Unit Exposure
- Established Vehicle and Foot Traffic
- Premium Street Frontage With Exceptional Visibility with Large Retail Display Windows
- Central Location and Close Proximity to the SkyTrain
EXECUTIVE SUMMARY
Located in Downtown New Westminster, an eclectic and vibrant neighborhood within the lower mainland, this location offers easy access to shops, restaurants, theatres, parks, and rapid transit. Its central location and comprehensive transportation network provide convenient connections to Metro Vancouver. Major road routes such as 12th Street/ Kingsway, Canada Way, and Marine Way link to Burnaby and Vancouver. Additionally, the New Westminster Skytrain station facilitates quick access to Downtown Vancouver, Burnaby, the Tri-Cities, and Surrey, solidifying New West as a central hub.
PROPERTY FACTS
| Price | $1,352,000 CAD |
| Unit Size | 1,082 SF |
| No. Units | 1 |
| Total Building Size | 316,863 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Investment |
| Building Class | B |
| Floors | 19 |
| Typical Floor Size | 14,675 SF |
| Year Built | 2009 |
1 UNIT AVAILABLE
Unit 740
| Unit Size | 1,082 SF |
| Price | $1,352,000 CAD |
| Price Per SF | $1,249.54 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
DESCRIPTION
The area is a prime location with easy access and convenience to Surrey, Burnaby, and Richmond. Amenities within the area include theaters, grocery stores, postal services, restaurants, and coffee shops. 740 Columbia Street presents a strategic investment opportunity for retail ventures looking to establish a strong presence in the Downtown New Westminster area, benefiting from its proximity to public transit and high levels of vehicle and pedestrian traffic.
SALE NOTES
Opportunity to purchase a street-front commercial retail unit located in the popular Quay area of New Westminster on the corner of Begbie Street and Columbia Street. The unit features street-front accessibility and 48 feet of corner frontage with an abundance of street parking nearby and is just a block away from the New Westminster Skytrain Station.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 70 | - | 605 - 853 |
| 1+1.5 | 40 | - | 715 |
| 2+2 | 40 | - | 885 - 997 |
| 3+2 | 12 | - | 1,078 |
ZONING
| Zoning Code | C-8 |
