Retail for Sale — New Westminster, BC
$1,449,900
628 TWELFTH STREET, New Westminster, BC V3M4J4
Property details
Structured details
- Zoning
- C-2A
- Annual property tax
- $11,802.58 (2026)
- Lot dimensions
- 4079
- Utilities
- Water
Listing Information
- MLS®
- C8079918
- Listed
- June 25, 2026
- Time on market
- 81 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
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:63159)
Financing calculator
Estimate your monthly payment on the $1,449,900 asking price.
Financing details
- Monthly debt service
- $14,073
- Cash required at close
- $314,980
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (New Westminster)
- Population
- 78,916(+11.2% since 2016)
- Population density
- 5,052.2/km²
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 35.1%
- Postsecondary below bachelor's
- 28.2%
- High school diploma
- 26.4%
- No certificate/diploma
- 10.4%
Population aged 15 and over.
Commute
- Car, truck or van
- 68.3%
- Public transit
- 22.5%
- Walked
- 6.3%
- Bicycle
- 0.9%
- Other
- 2.0%
Commute duration
- Under 15 min
- 16.7%
- 15–29 min
- 33.3%
- 30–44 min
- 28.6%
- 45–59 min
- 12.8%
- 60+ min
- 8.5%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Shiok Canteen5m
- Amelia Restaurant52m
- Indian Courtyard Restaurant · 609 Twelfth Street75m
- Wild Thyme · 705 Twelfth Street94m
- Pho 99279m
Cafes (5+)
- Sago To Go · 813 Twelfth Street354m
- Happy Mom's Cafe · 821 Twelfth Street376m
- Connections Café555m
- Kamini's Corner Cafe · 909 Twelfth Street558m
- You N Me' Cafe · 921 Twelfth Street634m
Grocery (2)
- Gospa's Delightful Food · 718 Twelfth Street193m
- Save-On-Foods732m
Shopping (2)
- Walmart709m
- Winners789m
Parks (3)
- Riverside Adventure Park425m
- Moody Park497m
- Cornwall Park691m
Gyms (1)
- Anytime Fitness669m
Pharmacies (1)
- PharmaChoice · 866 Twelfth Street509m
Banks & ATMs (1)
- Community Savings Credit Union278m
Healthcare (5+)
- Clinic on 12th · 866 Twelfth Street501m
- London Eye Centre · 918 Twelfth Street557m
- Gemini713m
- West Coast Medical Imaging747m
- Vision Loss Rehabilitation Canada758m
Nearby places data: © OpenStreetMap contributors.
Nearby transit
| Northbound 12 St @ Nanaimo St | 20m | |
| Southbound 12 St @ 7th Ave | 43m | |
| Northbound 12 St @ 7th Ave | 96m | |
| Westbound 6th Ave @ 12 St | 121m | |
| Eastbound 6th Ave @ 12 St | 136m | |
| Southbound 12 St @ 6th Ave | 174m |
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All in New Westminster →Frequently asked questions
What is the asking price for this business?
The asking price is $1,449,900.
Where is this business located?
This listing is located in New Westminster, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 14, 2026.