628 Twelfth Street, New Westminster
A rare C2-zoned holding property in one of New West's strongest growth corridors. The building features a newly renovated restaurant space alongside a separate, self-contained residential unit ' fully leased and income-producing on month-to-month tenancies, giving an investor flexibility to hold and collect now or move toward redevelopment on their own timeline. The real upside is the land. Offered in conjunction with the adjacent 630 Twelfth Street, the combined site assembles approximately 62 feet of frontage ' a development-scale parcel with potential for a 4 storey mixed-use or multifamily residential building, subject to City of New Westminster approvals. Build, hold, or land-bank in a walkable, transit-friendly location close to shops, dining, and amenities. Must be sold in conjunction with 630 Twelfth Street. All tenancies are month-to-month. (id:1945)
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Property details for 628 Twelfth Street, New Westminster
- Type
- Commercial
- Living Area
- 2,400 square feet
- Lot Size
- 4079
- Annual Taxes
- $11,803 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 628 Twelfth Street
Active Listings
396
Min Price
$39,000
Max Price
$9,588,000
Avg Price
$990,613
Days on Market
81
days
Sold Listings
106
Min Sold Price
$40,000
Max Sold Price
$2,398,000
Avg Sold Price
$785,860
Days until Sold
82
days
Price History
Listed
June 25, 2026
by Oakwyn Realty Ltd.
Current Price
$1,449,900
-9.4% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $1,449,900 | $150,000 (-9.4%) |
| Jun 25, 2026 | $1,599,900 | Listed |
