Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Active · Retail · New Westminster

640 Twelfth Street

New Westminster, BC V3M4J4

$1,988,000

355 days on market

Bedrooms
0
Bathrooms
0
Type
Retail
Taxes
$14,645.50 (2025)
MLS®
C8073042

About this home

Excellent corner lot building location within a close radius of parks, shopping center, restaurants, bus stop and skytrain. Good shape, well maintained free standing retail commercial / residential building contains restaurant (main floor front), residential area in rear part of main floor & 2 bedroom suite (upper floor) with separate entrance, one single garage, and basement. Basement can be used for storage & accessory space as an office or break room for restaurant staff but need to obtain all necessary building, plumbing or electrical permits from City. Main floor front is leased for restaurant business with a lease up to April 30, 2027 + option for another 2 years. Residential part with two bedrooms currently is rented in month to month. Basement is vacant. Potential development lot at 61.88'(frontage) x 66.01'(depth) with free standing retail commercial / residential building is be good for investment or hold for redevelopment. Property is "sold as is, where is". PRICE TO SELL! BE Quick!

Monthly cost estimate

Mortgage payment20% down · 4.5% · 25-yr amortization$8,802
Strata fee$0
Property taxannual ÷ 12$1,220
Est. monthly total$10,023
Down payment + BC property transfer taxbefore any first-time buyer exemption$435,360

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Listing courtesy of Royal Pacific Realty (Kingsway) Ltd. View on REALTOR.ca

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Listing data is supplied through the CREA Data Distribution Facility (DDF®) by members of CREA and is deemed reliable but not guaranteed. Information should be independently verified.

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