Restaurants for Sale — New Westminster, BC
$99,000
822 20TH STREET, New Westminster, BC V3M4W8
Property details
Structured details
- Zoning
- CA
From the listing remarks
- Years in operation
- 20 years
- Rent (stated)
- $3,844/mo
Stated by the listing brokerage in the remarks; not verified. Hover a value to see the exact sentence it came from.
Listing Information
- MLS®
- C8080061
- Listed
- July 2, 2026
- Time on market
- 74 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
Well-established 40-seat Vietnamese Restaurant in a small strip mall on 20th Street and 8th Avenue, at the border of New Westminster and Burnaby, with heavy traffic. Fully equipped commercial kitchen and a big customer parking lot. Same owner serving the neighbourhood for the past 20 years, with many loyal customers. New five-year lease term commenced May 1, 2026, at a reasonable gross rent of $ 3,844 per month. Showings are by appointment only, and do not approach staff or the owner. (id:63159)
Financing calculator
Estimate your monthly payment on the $99,000 asking price.
Financing details
- Monthly debt service
- $961
- Cash required at close
- $44,800
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
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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 (2)
- Pho Maxima2m
- Papa Dave's Pizza3m
Parks (3)
- Connaught Heights Park350m
- Grimston Park460m
- Unnamed714m
Pharmacies (1)
- West End Pharmacy134m
Healthcare (2)
- Ostomy Care & Supply Centre135m
- Dr. Water Rebeyka139m
Nearby places data: © OpenStreetMap contributors.
Nearby transit
| Westbound 8th Ave @ 20 St | 114m | |
| Eastbound 8th Ave @ 20 St | 146m | |
| Eastbound 8th Ave @ 21 St | 172m | |
| Westbound 8th Ave @ 19 St | 245m | |
| Eastbound 8th Ave @ 19 St | 306m | |
| Eastbound 8th Ave @ 22 St | 323m |
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Frequently asked questions
What is the asking price for this restaurant?
The asking price is $99,000.
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.