504 6th St - Bank FOR SALE


New Westminster, BC V3L 3B4
$7,995,000 CAD
604-669-1466
504 6th St, New Westminster, BC for Sale
$7,995,000 CAD
Bank - FOR SALE
1/6
null | Request Cap Rate

504 6th St
New Westminster, BC V3L 3B4


HIGHLIGHTS

  • Prominent corner site in Uptown New Westminster with strong visibility.
  • Zoned for mixed-use high-rise with up to 5.0 FAR redevelopment potential.
  • Surrounded by major retailers and dense residential growth.
  • 21 surface parking stalls with direct access off 5th Avenue.
  • Ideal for medical, daycare, retail, or professional office use.
  • Located near five SkyTrain stations and major civic investments.

OVERVIEW

Positioned at a high-profile intersection in the heart of Uptown New Westminster, 504 6th Street presents a rare opportunity for owner-users or investors to acquire a freestanding commercial asset with both immediate functionality and long-term redevelopment potential. This former HSBC Bank building spans 7,330 square feet and sits on a prominent 12,452 square foot corner lot, offering 21 at-grade parking stalls with direct access off 5th Avenue. The property is zoned C3 and designated Mixed-Use High-Rise under the Official Community Plan, allowing for a wide range of uses including medical, dental, daycare, retail, and professional services. With an OCP-supported density of up to 5.0 FAR, the site is well-positioned for future vertical intensification. The existing improvements include eight offices, open areas, a lunchroom, and two washrooms, making it move-in ready for a variety of business types. Located adjacent to the affluent Queen’s Park neighborhood and surrounded by major retailers such as Walmart, Save-On-Foods, London Drugs, and Starbucks, the site benefits from strong foot traffic and excellent visibility. The area is undergoing significant revitalization, including the nearby 29-story Urban Flats development and the upcoming $1.3B Royal Columbian Hospital expansion. With five SkyTrain stations nearby and a growing population projected to increase by over 8% through 2029, this location offers unmatched connectivity and demographic momentum. This is a compelling opportunity to secure a landmark property in one of Metro Vancouver’s most vibrant and evolving urban centers.

FOR SALE DETAILS

PRICE

$7,995,000 CAD

PRICE/SF

$1,091 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

HSBC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C-3

APN/PARCEL ID

005-349-699

ASK ABOUT THIS PROPERTY

604-669-1466

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604-669-1466

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