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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
Photo 1: 416 Columbia Street in New Westminster: Quay Multi-Family Commercial for sale : MLS®# C8077395
Photo 2: 416 Columbia Street in New Westminster: Quay Multi-Family Commercial for sale : MLS®# C8077395
Photo 3: 416 Columbia Street in New Westminster: Quay Multi-Family Commercial for sale : MLS®# C8077395
Photo 4: 416 Columbia Street in New Westminster: Quay Multi-Family Commercial for sale : MLS®# C8077395
Photo 5: 416 Columbia Street in New Westminster: Quay Multi-Family Commercial for sale : MLS®# C8077395
Photo 6: 416 Columbia Street in New Westminster: Quay Multi-Family Commercial for sale : MLS®# C8077395
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Photo 17: 416 Columbia Street in New Westminster: Quay Multi-Family Commercial for sale : MLS®# C8077395
Photo 18: 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:
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Listed by CBRE Limited
Data was last updated June 13, 2026 at 04:10 AM (UTC)
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