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416 Columbia Street
Quay New Westminster V3L 1B1

$2,099,990
Multi-Family Commercial, Retail

Main Photo: 416 Columbia Street in New Westminster: Quay Multi-Family Commercial for sale : MLS®# C8077395
Status:
Active
Prop. Type:
Multi-Family Commercial, Retail
MLS® Num:
C8077395
Build. Type:
Mixed Use
Prime mixed-use investment opportunity in Downtown New Westminster offering strong cash flow and future redevelopment upside. The property comprises approximately 3,000 sq. ft. of total leasable area and features a diverse tenant mix, including a vape shop, tattoo shop and a distinctive coffee shop, all operating under gross lease. The asset benefits from under-market rents and is zoned C-8, allowing for high-rise redevelopment, making it well suited for investors seeking income today with long-term value appreciation. Strategically located along Columbia Street in New Westminster, with high pedestrian traffic, excellent SkyTrain access, and attractive water views, enhancing appeal for both commercial tenants and future development.
Sale Type:
Asset
Sublease:
Yes
Ownership:
Freehold
Property Type:
Multi-Family Commercial, Retail
Commercial Type:
Retail
Construction:
Concrete Block, Concrete, Mixed
Num Storeys:
3
Building Type:
Mixed Use
Year built:
1947 (Age: 79)
Living Area:
3,000 sq. ft.
Subject Property Depth:
70'
Subject Property Width:
33'
Minimum Divisible Area:
3,000 sq. ft.
Class Of Space:
Class C
Lot Area:
2,178 sq. ft.
Zoning:
Potential to Redevelop:
COLUMBIA HISTORIC MIXED USE OCP, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Cooling:
None
Electricity:
No
Services Connected:
Sanitary sewer at LotLine, Storm Sewer at Lot Line, City Water at Lot Line
Sewer:
Public Sewer
Parcel Number:
001059181
Taxes:
$16,079.48 / 2025
No
Water Supply:
Public, City Water at Lot Line
Water Rights:
No
Roof:
Potential to Redevelop:
COLUMBIA HISTORIC MIXED USE OCP, No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 416 Columbia Street in New Westminster: Quay Multi-Family Commercial for sale : MLS®# C8077395
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Listed by CBRE Limited
Data was last updated March 28, 2026 at 07:40 PM (UTC)
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2026 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.