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319 Governors Court
New Westminster
V3L 5S5
$4,500,000
Business with Property, Retail
- Status:
- Active
- Prop. Type:
- Business with Property, Retail
- MLS® Num:
- C8076372
- Build. Type:
- Low Rise (2-4 storeys)
- Photos (20)
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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)
- 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
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View of building exterior -
Miscellaneous room featuring a drop ceiling
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Cinema featuring crown molding and baseboards
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View of patio / terrace
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Community bar area with green cabinetry, crown molding, and a paneled ceiling
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Office with a paneled ceiling
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Cinema featuring wood finished floors and a raised ceiling
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Unfurnished room with a paneled ceiling and baseboards
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Full bathroom featuring vanity, a paneled ceiling, wainscoting, a shower stall, and tile walls
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Corridor with ornamental molding, dark wood-style floors, and a chandelier
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Bedroom featuring a decorative wall, a desk, high coffered ceiling, ornamental molding, and wood finished floors
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Home office featuring a decorative wall, ornamental molding, a tray ceiling, and recessed lighting
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Detailed view
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Misc room with a paneled ceiling
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Dining area with ornamental molding
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Hallway with elevator, light tile patterned floors, and recessed lighting
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View of front of home featuring stucco siding and french doors
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View of building exterior
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View of asphalt road
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View of property with uncovered parking
Listed by Royal Pacific Realty Corp.
Data was last updated February 24, 2026 at 12:40 AM (UTC)
- CHIRAG NAGPAL
- Royal LePage Global Force Realty
- 1 778.957.7737
- Info@futureassets.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.
Copyright 2026 by the Greater Vancouver REALTORS®,
Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
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.