Retail for Sale — New Westminster, BC
$1,988,000
640 TWELFTH STREET, New Westminster, BC V3M4J4
Property details
Structured details
- Zoning
- C-2A
- Annual property tax
- $14,645.5 (2025)
- Lot dimensions
- 4084
- Utilities
- Sewer, Natural Gas, Electricity, Cable, Telephone
- Fencing
- Fenced yard
Listing Information
- MLS®
- C8073042
- Listed
- October 16, 2025
- Time on market
- 333 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
Excellent corner lot building location within a close radius of parks, shopping center, restaurants, bus stop and skytrain. Good shape, well maintained free standing retail commercial / residential building contains restaurant (main floor front), residential area in rear part of main floor & 2 bedroom suite (upper floor) with separate entrance, one single garage, and basement. Basement can be used for storage & accessory space as an office or break room for restaurant staff but need to obtain all necessary building, plumbing or electrical permits from City. Main floor front is leased for restaurant business with a lease up to April 30, 2027 + option for another 2 years. Residential part with two bedrooms currently is rented in month to month. Basement is vacant. Potential development lot at 61.88'(frontage) x 66.01'(depth) with free standing retail commercial / residential building is be good for investment or hold for redevelopment. Property is "sold as is, where is". PRICE TO SELL! BE Quick! (id:63159)
Financing calculator
Estimate your monthly payment on the $1,988,000 asking price.
Financing details
- Monthly debt service
- $19,296
- Cash required at close
- $422,600
- 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+)
- Amelia Restaurant3m
- Wild Thyme · 705 Twelfth Street50m
- Shiok Canteen54m
- Indian Courtyard Restaurant · 609 Twelfth Street129m
- Pho 99227m
Cafes (5+)
- Sago To Go · 813 Twelfth Street302m
- Happy Mom's Cafe · 821 Twelfth Street323m
- Kamini's Corner Cafe · 909 Twelfth Street505m
- Connections Café565m
- You N Me' Cafe · 921 Twelfth Street581m
Grocery (2)
- Gospa's Delightful Food · 718 Twelfth Street140m
- Save-On-Foods750m
Shopping (1)
- Walmart726m
Parks (3)
- Riverside Adventure Park450m
- Moody Park501m
- Cornwall Park744m
Gyms (1)
- Anytime Fitness688m
Pharmacies (1)
- PharmaChoice · 866 Twelfth Street455m
Banks & ATMs (1)
- Community Savings Credit Union227m
Healthcare (5+)
- Clinic on 12th · 866 Twelfth Street447m
- London Eye Centre · 918 Twelfth Street503m
- Gemini729m
- West Coast Medical Imaging763m
- Vision Loss Rehabilitation Canada774m
Nearby places data: © OpenStreetMap contributors.
Nearby transit
| Southbound 12 St @ 7th Ave | 16m | |
| Northbound 12 St @ 7th Ave | 49m | |
| Northbound 12 St @ Nanaimo St | 71m | |
| Westbound 6th Ave @ 12 St | 172m | |
| Eastbound 6th Ave @ 12 St | 190m | |
| Southbound 12 St @ 8th Ave | 205m |
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All in New Westminster →Frequently asked questions
What is the asking price for this business?
The asking price is $1,988,000.
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.