Opportunity to acquire a mixed-use freestanding three-story building located on East Columbia, in the Sapperton neighbourhood. The total lot size is 4,986 sq. ft. featuring two residential units on the second and third floors, and two commercial units on the ground level. The building is constructed with a concrete and steel frame and is accompanied by ample 3-phase power dedicated to the property. The commercial units are currently improved as a bakery and a wellness spa, each featuring large retail display windows and exceptional signage exposure to the high foot and vehicle traffic along Sapperton Street.
The real estate is positioned on a corner lot and is located in a highly desired area with an excellent mix of nearby amenities and multiple ongoing developments within the surrounding vicinity. Conveniently located near the Sapperton Skytrain station, Highway-1, and the Trans-Canada Highway, the property offers easy accessibility to Burquitlam, New Westminster, and Richmond.
Freestanding Mixed-Use Investment Opportunity
459 E Columbia Street, New Westminster,
± 4,986 SQFT
LOT 1, BLOCK 1, SUB BLOCK 3, PLAN NWP3984, GROUP 1, NEW WESTMINSTER LAND DISTRICT
The Sapperton community lies on the border of New Westminster, serving as a bridge between Coquitlam and Burnaby. Anchoring the residential area is the commercial corridor situated along East Columbia, a vital route linking Sapperton to Burquitlam and Downtown New Westminster. The neighborhood is in a state of continuous expansion, with developers contributing to its density. For instance, the I4 Property Group recently finalized "The Premiere," introducing 72 rental units to the market, alongside 17,000 sqft of office space and 10,000 sqft of retail space. Additionally, the Brewery District by WestGroup and the Sapperton Green master plan communities by QuadReal are burgeoning adjacent to the Braid and Sappertion SkyTrain stations. Notably, the Royal Columbian Hospital is a pivotal element of the community, currently undergoing a $1.3 billion upgrade projected for completion by 2026.
This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
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