Kinnaird Place
65 First Street, New Westminster, BC
FOR SALE BY RECEIVERSHIP
- Address 65 First Street, New Westminster
- Gross Site Area 49,729 sf
- Year Built 1984
- Units 61
- Storeys 3
- Parking One level underground parking consisting of 95 stalls
- Pricing Guidance Unpriced
- Sale Structure Held in bare trust
Opportunity
Avison Young is pleased to present an opportunity by receivership to acquire a 49,729 sf development site improved with an existing three‑storey, 61‑unit strata apartment building. The Property has received third reading approval for a landmark two‑tower redevelopment located in the heart of New Westminster’s dynamic downtown core.
Redevelopment Highlights
URBAN COMMUNITY: Mixed-tenure, mixed- income two-tower project
APPROVED ENTITLEMENT STATUS: Approved Third Reading, awaiting Council Consideration for Adoption
TOA SITE: Tier 3 of the Columbia Station TOA
LARGE SITE: Significant scale of 49,729 sf with 500,223 sf GFA across five street frontages
MODERN RESIDENCES: 633 homes across two towers, featuring 414,160 sf of net saleable/ rentable area with 83% efficiency
CONNECTED: Steps from Downtown New Westminster, Columbia SkyTrain Station, and the new Pattullo (stal̕əw̓ asəm) Bridge
HIGH DENSITY: Approved at 10.55 FSR
VERTICLE SCALE: Tower A: 35 storeys of rental opportunity & Tower B: 30 storeys of condo ownership
PARKING: 369 residential stalls, 32 visitor stalls, 1,273 long-term + 12 short term bike parking spaces
