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319 Governors Court
Fraserview NW New Westminster V3L 5S5

$4,500,000
Business with Property, Retail

Commercial Real Estate Listing. Displaying a commercial property with multiple potential uses and parking information
Photo 1: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
Photo 2: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
Photo 3: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
Photo 4: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
Photo 5: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
Photo 6: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
Photo 7: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
Photo 8: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
Status:
Active
Prop. Type:
Business with Property, Retail
MLS® Num:
C8076372
Build. Type:
Low Rise (2-4 storeys)
Foreclosure alert! Own a true piece of New Westminster history! The iconic "Landmark Building, " formerly part of the historic BC Penitentiary, offers a rare opportunity to secure a one-of-a-kind trophy property. Situated on a 47,876 SF (1.1-acre) C-2 zoned lot, this ±11,522 SF heritage building presents exciting future redevelopment potential (verify with City), including possible mixed-use with retail or daycare at street level and office units above. Currently generating solid holding income with upper-level tenants in place and a fully licensed restaurant below featuring 134 indoor seats plus a 160-seat patio. Extensive upgrades (mechanical, electrical, and full sprinkler systems) were completed in 1989. Over 40 on-site parking stalls with potential for expansion. A unique investment opportunity blending historic character, stable income, and long-term upside. Private viewings by appointment only.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Business with Property, Retail
Commercial Type:
Retail
Construction:
Concrete Block
Building Type:
Low Rise (2-4 storeys)
Year built:
1878 (Age: 148)
Living Area:
0 sq. ft.
Lot Area:
1.1 acre(s)
Zoning:
C-2
Electricity:
No
Sewer:
Public Sewer
Parcel Number:
017374383
Taxes:
$66,762.03 / 2025
No
Yes
Water Supply:
Public
Water Rights:
No
Env Assmt Phase:
No
Original Price:
$4,500,000
  • Photo 1: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
    Commercial Real Estate Listing. Displaying a commercial property with multiple potential uses and parking information
  • Photo 2: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
    Tiered concrete walkway with stone-capped columns and a mature hedge, featuring a water backdrop and a distant cityscape
  • Photo 3: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
    Paved outdoor patio with strung overhead lighting
  • Photo 4: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
    Real Estate Marketing Material. Depicting a restaurant patio with a 160-seat capacity, highlighting mountain, water, and city panoramas from the property
  • Photo 5: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
    Additional content
  • Photo 6: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
    Additional content
  • Photo 7: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
    Additional content
  • Photo 8: 319 Governors Court in New Westminster: Fraserview NW Business with Property for sale : MLS®# C8076372
    Marketing Collateral. Displaying a commercial kitchen facility with stainless steel appliances and work surfaces
Listed by Royal Pacific Realty Corp.
Data was last updated September 19, 2026 at 12:40 PM (UTC)
EILEEN FONG

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