628 TWELFTH STREET, New Westminster

About This Property

A rare C2-zoned holding property in one of New West's strongest growth corridors. The building features a newly renovated restaurant space alongside a separate, self-contained residential unit ' fully leased and income-producing on month-to-month tenancies, giving an investor flexibility to hold and collect now or move toward redevelopment on their own timeline. The real upside is the land. Offered in conjunction with the adjacent 630 Twelfth Street, the combined site assembles approximately 62 feet of frontage ' a development-scale parcel with potential for a 4 storey mixed-use or multifamily residential building, subject to City of New Westminster approvals. Build, hold, or land-bank in a walkable, transit-friendly location close to shops, dining, and amenities. Must be sold in conjunction with 630 Twelfth Street. All tenancies are month-to-month. (id:65271)

Full Listing Specifications

MLS® Number

C8079918

Property Type

Retail

Bedrooms

0

Bathrooms

0

Living Area

2,400 sqft

Lot Size

4,079 sqft

Annual Taxes

$11,803

City

New Westminster

Postal Code

V3M4J4

Neighbourhood Insight