Logo - Dana & Amar - BC Homes for Sale

Commercial Properties

Explore Greater Vancouver & Fraser Valley Commercial Listings

Discover the dynamic landscape of BC commercial properties, particularly in Vancouver with our comprehensive listings. From vibrant retail spaces in trendy neighbourhoods to cutting-edge office buildings in the business district, our platform is your gateway to the city’s diverse commercial properties. Whether you’re an entrepreneur seeking a storefront, an investor eyeing office spaces, or a business owner in search of the perfect location, we’ve got your commercial real estate needs covered. Explore the possibilities and find the ideal space to elevate your business in the heart of Vancouver’s dynamic commercial landscape. Contact us and we’ll be happy to set up a showing for you!

319 Governors Court
Fraserview NW New Westminster V3L 5S5

$4,500,000
Business with Property, Retail

View of building exterior
Photo 1: 319 Governors Court, New Westminster - Fraserview NW
Photo 2: 319 Governors Court, New Westminster - Fraserview NW
Photo 3: 319 Governors Court, New Westminster - Fraserview NW
Photo 4: 319 Governors Court, New Westminster - Fraserview NW
Photo 5: 319 Governors Court, New Westminster - Fraserview NW
Photo 6: 319 Governors Court, New Westminster - Fraserview NW
Photo 7: 319 Governors Court, New Westminster - Fraserview NW
Photo 8: 319 Governors Court, New Westminster - Fraserview NW
Photo 9: 319 Governors Court, New Westminster - Fraserview NW
Photo 10: 319 Governors Court, New Westminster - Fraserview NW
Photo 11: 319 Governors Court, New Westminster - Fraserview NW
Photo 12: 319 Governors Court, New Westminster - Fraserview NW
Photo 13: 319 Governors Court, New Westminster - Fraserview NW
Photo 14: 319 Governors Court, New Westminster - Fraserview NW
Photo 15: 319 Governors Court, New Westminster - Fraserview NW
Photo 16: 319 Governors Court, New Westminster - Fraserview NW
Photo 17: 319 Governors Court, New Westminster - Fraserview NW
Photo 18: 319 Governors Court, New Westminster - Fraserview NW
Photo 19: 319 Governors Court, New Westminster - Fraserview NW
Photo 20: 319 Governors Court, New Westminster - Fraserview NW
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)
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
  • Photo 1: 319 Governors Court, New Westminster - Fraserview NW
    View of building exterior
  • Photo 2: 319 Governors Court, New Westminster - Fraserview NW
    Miscellaneous room featuring a drop ceiling
  • Photo 3: 319 Governors Court, New Westminster - Fraserview NW
    Cinema featuring crown molding and baseboards
  • Photo 4: 319 Governors Court, New Westminster - Fraserview NW
    View of patio / terrace
  • Photo 5: 319 Governors Court, New Westminster - Fraserview NW
    Community bar area with green cabinetry, crown molding, and a paneled ceiling
  • Photo 6: 319 Governors Court, New Westminster - Fraserview NW
    Office with a paneled ceiling
  • Photo 7: 319 Governors Court, New Westminster - Fraserview NW
    Cinema featuring wood finished floors and a raised ceiling
  • Photo 8: 319 Governors Court, New Westminster - Fraserview NW
    Unfurnished room with a paneled ceiling and baseboards
  • Photo 9: 319 Governors Court, New Westminster - Fraserview NW
    Full bathroom featuring vanity, a paneled ceiling, wainscoting, a shower stall, and tile walls
  • Photo 10: 319 Governors Court, New Westminster - Fraserview NW
    Corridor with ornamental molding, dark wood-style floors, and a chandelier
  • Photo 11: 319 Governors Court, New Westminster - Fraserview NW
    Bedroom featuring a decorative wall, a desk, high coffered ceiling, ornamental molding, and wood finished floors
  • Photo 12: 319 Governors Court, New Westminster - Fraserview NW
    Home office featuring a decorative wall, ornamental molding, a tray ceiling, and recessed lighting
  • Photo 13: 319 Governors Court, New Westminster - Fraserview NW
    Detailed view
  • Photo 14: 319 Governors Court, New Westminster - Fraserview NW
    Misc room with a paneled ceiling
  • Photo 15: 319 Governors Court, New Westminster - Fraserview NW
    Dining area with ornamental molding
  • Photo 16: 319 Governors Court, New Westminster - Fraserview NW
    Hallway with elevator, light tile patterned floors, and recessed lighting
  • Photo 17: 319 Governors Court, New Westminster - Fraserview NW
    View of front of home featuring stucco siding and french doors
  • Photo 18: 319 Governors Court, New Westminster - Fraserview NW
    View of building exterior
  • Photo 19: 319 Governors Court, New Westminster - Fraserview NW
    View of asphalt road
  • Photo 20: 319 Governors Court, New Westminster - Fraserview NW
    View of property with uncovered parking
Listed by Royal Pacific Realty Corp.
Data was last updated March 11, 2026 at 11:35 PM (UTC)
AMAR SHAN
DANA BALAN
powered by myRealPage.com

Navigating Commercial Real Estate Landscape in Vancouver BC

Vancouver, BC, stands as a beacon of economic prosperity and cultural diversity, drawing businesses and investors alike to its dynamic commercial real estate market. In this article, we’ll delve into the thriving commercial landscape of Vancouver, exploring key trends, popular sectors, and the factors contributing to the city’s robust real estate sector. Whether you’re an entrepreneur seeking the perfect storefront or an investor eyeing the stability and growth potential of Vancouver’s commercial market, the opportunities are as diverse as the properties themselves. Explore BC commercial properties, especially in Vancouver, and discover a landscape ripe for business success and investment ventures.

Diverse Commercial Sectors

Vancouver’s commercial real estate market spans a diverse array of sectors, catering to the multifaceted needs of businesses. From vibrant retail spaces in bustling neighborhoods like Gastown to sleek office towers in the central business district, the city offers a spectrum of opportunities. The industrial sector, particularly in areas like Mount Pleasant, has also witnessed significant growth, driven by the rise of tech companies and creative industries.

Tech Hub and Innovation

As a burgeoning tech hub, Vancouver has become a magnet for innovative companies seeking prime office spaces to foster creativity and collaboration. The city’s strategic location, coupled with its quality of life, has attracted major players in the tech industry, contributing to the demand for modern, adaptable office spaces.

Green Initiatives and Sustainability

Vancouver places a strong emphasis on sustainability, influencing its commercial real estate landscape. The city’s commitment to green building practices has led to a surge in environmentally conscious developments. LEED-certified buildings and energy-efficient spaces have become integral components of the commercial market, appealing to businesses with a focus on sustainability.

Challenges and Opportunities

Despite its robustness, Vancouver’s commercial real estate market is not without challenges. Limited available space in key areas and rising property values pose obstacles for businesses seeking prime locations. However, this scarcity has also spurred innovative projects, such as mixed-use developments that seamlessly blend residential and commercial spaces.

Investment Appeal

Investors are drawn to Vancouver’s commercial real estate market for its stability and long-term growth potential. The city’s strategic geographical location, strong economic fundamentals, and commitment to innovation create an attractive environment for those looking to diversify their portfolios.

Conclusion: Vancouver, BC Commercial Properties

Vancouver’s commercial real estate landscape continues to evolve, shaped by economic trends, sustainability initiatives, and the city’s commitment to innovation. Whether you’re a local business looking to expand or a global investor seeking lucrative opportunities, Vancouver’s dynamic and diverse commercial real estate market provides a wealth of possibilities.