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250 Keary St - Royal City Medical Centre 2,691 SF Office/Medical Condo Unit Offered at $1,599,453 in New Westminster, BC V3L 5E7
Investment Highlights
- Located directly across from Royal Columbian Hospital, ensuring strong healthcare-related traffic and demand.
- Immediate access to Sapperton SkyTrain Station and major roadways serving Metro Vancouver.
- Features on-site parking for approximately 44 vehicles, plus amenities including 24-hour access and full air conditioning.
- Positioned within a Tier-1 Transit-Oriented Development zone, supporting potential high-density redevelopment scenarios.
- Currently improved with multiple medical tenancies, offering a consistent income stream for investors or owner-operators.
- Walkable urban setting near supporting retail, dining, and residential developments.
Executive Summary
The property at 250 Keary Street in New Westminster is an office building constructed in 1977 and classified as a medical building. It consists of three floors and includes on-site surface parking. The property is situated within proximity to Royal Columbian Hospital and provides access to public transit, including SkyTrain service. The lot measures approximately 0.57 acres, and the building's size totals about 18,143 square feet. Zoning is designated as C-2 Commercial.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 003-992-853 |
| Cap Rate | 5.00% |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| APN/Parcel ID | 003-992-853 |
Description
Royal City Medical Centre houses medical specialists from a broad range of practices. This large space is improved, includes a reception area, two operating rooms, a scrub room, and two interior washrooms. The Sapperton Skytrain Station is right outside and the Freeway and Lougheed Highway are easily accessed. The space is currently used as a dental clinic.
Sale Notes
Royal City Medical Centre houses medical specialists from a broad range of practices. This large space is improved, includes a reception area, two operating rooms, a scrub room, and two interior washrooms. The Sapperton Skytrain Station is right outside and the Freeway and Lougheed Highway are easily accessed. The space is currently used as a dental clinic. A perfect office for an owner operator.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 104 | 2,691 SF | Office/Medical | $1,599,453 USD ($594.37 USD/SF) | $79,972.67 USD |
Unit 104
| Unit Size |
| 2,691 SF |
| Condo Use |
| Office/Medical |
| Price |
| $1,599,453 USD ($594.37 USD/SF) |
| NOI |
| $79,972.67 USD |
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Unit 104
| Unit Size | 2,691 SF |
| Condo Use | Office/Medical |
| Price | $1,599,453 USD ($594.37 USD/SF) |
| NOI | $79,972.67 USD |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| APN/Parcel ID | 003-992-853 |
| Description | |
| Royal City Medical Centre houses medical specialists from a broad range of practices. This large space is improved, includes a reception area, two operating rooms, a scrub room, and two interior washrooms. The Sapperton Skytrain Station is right outside and the Freeway and Lougheed Highway are easily accessed. The space is currently used as a dental clinic.</li></ul> | |
| Sale Notes | |
| Royal City Medical Centre houses medical specialists from a broad range of practices. This large space is improved, includes a reception area, two operating rooms, a scrub room, and two interior washrooms. The Sapperton Skytrain Station is right outside and the Freeway and Lougheed Highway are easily accessed. The space is currently used as a dental clinic. A perfect office for an owner operator.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 18,143 SF | Typical Floor Size | 6,047 SF |
| Property Type | Office (Condo) | Year Built | 1977 |
| Property Subtype | Medical | Lot Size | 0.57 AC |
| Building Class | B | Parking Ratio | 2.26/1,000 SF |
| Floors | 3 | ||
| Zoning | C-2 - Commercial | ||
| Total Building Size | 18,143 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 6,047 SF |
| Year Built | 1977 |
| Lot Size | 0.57 AC |
| Parking Ratio | 2.26/1,000 SF |
| Zoning | C-2 - Commercial |
Amenities
- 24 Hour Access
- Bus Line
- Metro/Subway
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
1 of 6
Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
Presented by
Republique Group
250 Keary St - Royal City Medical Centre
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