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416 Columbia Street

Quay New Westminster V3L 1B1

$2,099,990

Multi-Family Commercial, Retail

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Status:

Active

Prop. Type:

Multi-Family Commercial, Retail

MLS® Num:

C8077395

Build. Type:

Mixed Use

• Photos (18)

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Prime mixed-use investment opportunity in Downtown New Westminster offering strong cash flow and future redevelopment upside. The property comprises approximately 3,000 sq. ft. of total leasable area and features a diverse tenant mix, including a vape shop, tattoo shop and a distinctive coffee shop, all operating under gross lease. The asset benefits from under-market rents and is zoned C-8, allowing for high-rise redevelopment, making it well suited for investors seeking income today with long-term value appreciation. Strategically located along Columbia Street in New Westminster, with high pedestrian traffic, excellent SkyTrain access, and attractive water views, enhancing appeal for both commercial tenants and future development.

General Info:

Sale Type:

Asset

Sublease:

Yes

Ownership:

Freehold

Property Type:

Multi-Family Commercial, Retail

Commercial Type:

Retail

Construction:

Concrete Block, Concrete, Mixed

Num Storeys:

3

Building Type:

Mixed Use

Year built:

1947 (Age: 79)

Living Area:

3,000 sq. ft.279 m2

Subject Property Depth:

70'21.3 m

Subject Property Width:

33'10.1 m

Minimum Divisible Area:

3,000 sq. ft.279 m2

Class Of Space:

Class C

Lot Area:

2,178 sq. ft.202 m2

Zoning:

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Potential to Redevelop:

COLUMBIA HISTORIC MIXED USE OCP, No

Fencing:

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# Of Parking Spaces - Total:

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Road Frontage:

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Heating:

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Cooling:

None

Electricity:

No

Services Connected:

Sanitary sewer at LotLine, Storm Sewer at Lot Line, City Water at Lot Line

Sewer:

Public Sewer

Parcel Number:

001059181

Taxes:

$16,079.48 / 2025

Waterfront (Y/N):

No

Restrictions:

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Other Details:

Water Supply:

Public, City Water at Lot Line

Water Rights:

No

Roof:

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Potential to Redevelop:

COLUMBIA HISTORIC MIXED USE OCP, No

Env Assmt Phase:

No

Business Info:

Cap Rate %:

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Gross Income:

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Oper. Expenses:

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Other Income:

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Effective Gross Income:

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Net Operating Income:

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Listing Info:

Previous Price:

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Original Price:

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Listed by CBRE Limited

Data was last updated June 28, 2026 at 11:40 AM (UTC)

• Jean Seguin
• RE/MAX Real Estate Services
• 7787852135
• sales@vancouvercommercialbrokers.ca

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.

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Multi-family buildings for sale across Vancouver and British Columbia offer investors stable income, long-term appreciation, and diversification within the commercial real estate market. These properties typically include apartment buildings, purpose-built rentals, and multi-unit residential assets designed to generate consistent cash flow.

Vancouver Business Brokers represents multi-family investment properties throughout Metro Vancouver, the Lower Mainland, and BC, providing professional guidance to investors evaluating acquisition opportunities.

Types of Multi-Family Investment Properties

Multi-family real estate encompasses a range of property types, including:

• Purpose-built apartment buildings  
• Small to mid-sized multi-unit residential properties  
• Mixed-use buildings with residential units  
• Redevelopment and value-add opportunities  

Each property type carries different income profiles, financing considerations, and risk factors.

Buying Multi-Family Buildings

Investors evaluating multi-family buildings should consider more than the asking price. Key factors include:

• Net operating income and cap rates  
• Tenant mix and lease stability  
• Operating expenses and maintenance history  
• Zoning, density, and redevelopment potential  
• Local rental market demand  

Professional representation helps investors identify risks and assess long-term performance.

Selling Multi-Family Properties

Selling multi-family real estate requires proper pricing, market exposure, and access to qualified buyers. Investor demand, income stability, and asset condition all influence value.

Working with experienced commercial brokers helps sellers:

• Position assets effectively  
• Reach qualified investors  
• Navigate negotiations and due diligence  
• Close transactions efficiently  

Multi-Family Markets Across British Columbia

Demand for multi-family investment properties varies by region. Vancouver remains a core market, while secondary markets may attract investors seeking higher yields.

Understanding regional market conditions is critical when evaluating pricing and investment strategy.

Next Steps

If you are considering buying or selling a multi-family building in Vancouver or British Columbia, professional guidance can help you navigate the process with confidence.

Frequently Asked Questions

What qualifies as a multi-family building?

Multi-family buildings include properties with multiple residential units, such as apartment buildings and purpose-built rentals.

Are multi-family buildings good investments?

Multi-family properties can offer stable income and long-term appreciation, depending on location, tenant mix, and operating costs.

Do you represent multi-family properties outside Vancouver?

Yes. We represent multi-family investment properties across British Columbia.

What should investors review before purchasing?

Investors should review income statements, operating expenses, tenant leases, zoning, and local market conditions.