65 First Street

Avison Young is excited to present the rare opportunity to acquire a 47,421 sf site with an existing three-storey, 61-unit strata apartment, which has passed third reading for a landmark two-tower redevelopment. Positioned in New Westminster’s dynamic downtown core, the 500,223 sf gross floor area site is strategically located between the new Pattullo Bridge and Columbia SkyTrain Station, ensuring exceptional transit connectivity. Situated on a Tier 3 TOA site, this project features two striking towers approved for a combined 10.55 FSR. Together, they provide 633 residential units, comprising 304 condominiums and 329 rental units, seamlessly integrating parkside living with breathtaking views of the Fraser River and Fraser Valley. With major infrastructure upgrades, expanded transit networks, and rapid urban growth, this development represents a rare chance to invest in New Westminster’s transformation.

A purchaser has the unique opportunity to assume Kinnaird Place as is and capitalize on its existing income-producing asset or proceed with the approved redevelopment to unlock its full density potential. Whether maintaining the current revenue stream or embracing the vision for a high-density, transit-oriented community, this Property represents a rare investment opportunity in one of Metro Vancouver’s most rapidly evolving urban corridors.