New Westminster half-acre industrial site sells for $2 million

The light industrial site has future development potential for medium-density multi-family project.

Macdonald Commercial / Vancouver / for Western Investor
November 4, 2020

326 Stanley Street, New Westminster, Macdonald commercial
— Macdonald Commercial, Vancouver, for Western Investor

Type of property: Industrial

Location: 326 Stanley Street, New Westminster, B.C.

Size of property: 43,650 square feet

Size of land: 21,780 square feet

Land size in acres: 0.5 acres

Zoning: M-1 light industrial districts

BC Assessment value 2020: $1.09 million

Sale price: $2.07 million

Date of sale: October 30, 2020

Brokerage: Macdonald Commercial, Vancouver

Broker: Sam Emam

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