$4,500,000
FOR SALE

Commercial/Retail

319 Governors Court
New Westminster, BC V3L 5S5

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:47421)
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Listed By Royal Pacific Realty Corp.
Data Provided By Greater Vancouver REALTORS®
MLS® Listing Number C8076372
Last Updated Feb 23, 2026
Property Summary
Property Type Commercial/Retail

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Price History

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Detailed Information
Property Type Retail
Transaction Type For sale
Zoning Description C-2
Building
Constructed Date 1878
Land
Total Size 47876 square feet
Acreage Yes
Size of Irregular Land 47876

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