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50 4 SIX T H S T R EE TNE W W E S TMINS T ER
FO R SALEIncome producing property with underlying development potential
Partnership. Performance.
Mehdi Shokri, Principal 604.647.1355 [email protected]
Nestor Fourik, Associate 604.646.8391 [email protected]
Address 504 Sixth Street, New Westminster, BC
PID 005-349-699
Zoning C-3
Density 5.2 fsr
Site Size 12,452* sf
Potential Buildable
64,724* sf
Taxes $41,066
Year Built 1978
Parking 19 stalls
Building Size
Ground Floor 5,660* sf
Second Floor 1,670* sf
Total 7,330* sf
Tenant HSBC
NOI Contact listing agent
Sale Price Contact listing agent
P R O P E R T Y D E T A I L S
* Approximate
O P P O R T U N I T Y
Avison Young is pleased to present an investment/
development opportunity to acquire 504 Sixth Street
in New Westminster. This 7,330 sf one and a half storey
building, built in 1979, is currently tenanted by HSBC and
sits on 12,452 sf of land with development potential. The
property is designated for a mixed use high-rise building
that incorporates objectives of form and character for the
commercial and residential uses. This opportunity will
create a project that will build on the existing strengths of
the neighbourhood and shape the future streetscape of
the block. Benefit from an income producing asset while
planning for a future development.
L O C A T I O N
The property located in the heart of New Westminster’s
Uptown Mixed Use Node. Uptown is a vibrant area
that is an important counterpoint to Downtown and is
centered around the intersection of New Westminster’s
two Great Streets, Sixth Street and Sixth Avenue. This is
a pedestrian friendly neighbourhood that is filled with
restaurants, shops, cafes and other community amenities
servicing a range of demographics. planning for a future
development.
Sixth Street
seventh street
fifth avenue
sixth avenue
D E V E L O P M E N T P O T E N T I A L
Source: City of New Westminster Planning
The site is currently zoned C-3, Community
Commercial Districts (High rise). The intent
of this zoning district is to allow for large-
site high-rise, commercial and mixed use
developments including pedestrian-oriented
commercial businesses and multi-family
residential. Under the existing C-3 zoning, a
density of up to 5.2 fsr is permitted.
BELMONT STREET
SIXTH STREET
FIFTH AVENUE
504
125’
33’
132’44’
92’ 88’
522
518
516
514
avisonyoung.com
© 2018 Avison Young. All rights reserved.
E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young.
Partnership. Performance.
Address Developer Use Height Units Status
1 612 - 618 Brantford StreetAlpha-Beta
Developments
Heritage Revitalizaiton
Mid Rise Residential Strata6 storeys 42 residential units
BP issued / under
construction
2 616-640 Sixth Street Orr DevelopmentMixed Use
Residential Rental/Strata30 storeys 237 residential units
Active-Rezone/
DP in Process
3 258-258 Sixth Street TriDecca DevelopmentMixed Use
Residential Strata15 storeys 75 residential units Complete
4 232-228 Sixth Street Quadra HomesHigh Rise
Residential Strata11 storeys 56 residential units
On hold-Rezoning
in Process
5 Viceroy – 608 Belmont Street Bluesky PropertiesMixed Use
Residential Strata24 storeys 188 residential units Complete
1
5
S U R R O U N D I N G D E V E L O P M E N T S
M O O D Y P A R K
S I M C O E P A R K
R O Y A L C I T Y
C E N T R E
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S I X T H S T R E E T3 4
W E S T M I N S T E R C E N T R E
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Mehdi Shokri, Principal 604.647.1355 [email protected]
Nestor Fourik, Associate 604.646.8391 [email protected]
Source: Urban Analytics & New Westminster Planning
