Premiere

Overview

Premiere is an exciting opportunity to acquire a brand-new fully-leased 72-unit market rental component within a six-storey mixed-use project. Two airspace parcels comprising ground-floor retail and 2^nd-floor office space are under separate ownership and not part of the offering. The rental component represents the Remainder Parcel with ownership of the 72 rental suites along with common areas and full operational control over the building.

The suite mix features 44 one-bedroom, 24 two-bedroom, and 4 three-bedroom suites beautifully appointed with high quality modern finishes, in-suite laundry, and generous balconies. Residents have access to a rooftop amenity space with panoramic river and mountain views, a fully equipped fitness facility, along with ample parking and storage lockers.

Building Highlights

• Four levels of residential suites on levels three through six
• 73 secured underground parking stalls for residents, all of which are pre-wired for EV charging
• 81 residential storage lockers
• End of trip facilities, including a bike maintenance room, 2 showers, and dedicated bike storage rooms
• Fully equipped fitness facility
• Rooftop amenity space, featuring BBQs, seating, and children’s play area

Location

Premiere is located on the east side of East Columbia Street, just north of Sherbrooke Street, in the historic Sapperton neighbourhood of New Westminster. The property is in the heart of a well-established mixed-use area that has been undergoing a revitalization in recent years. The location offers tenants convenient access to a wide variety of shops and services, is within walking distance to a rapid transit station, a major employment hub, and Sapperton Park is just a half-block to the south with sports fields, picnic areas, and a recently upgraded playground and spray park.

The property is located a half-block north of Royal Columbian Hospital, one of the largest health care facilities in the region, which is currently undergoing a $1.5 billion renovation and expansion to be completed in 2026. Just south of the hospital, Brewery District is an 8-building master planned community featuring four high-rise residential towers, medical office space, and the new headquarters for Translink, the regional transit authority. Retail tenants at Brewery District include a Save-On Foods grocery, Browns Social House, Shoppers Drug Mart, and a number of other restaurants and services.

The neighbourhood is well serviced by transportation options. Sapperton Skytrain station is less than a 10-minute walk, while local bus services run along East Columbia Street. Both Highway 1 (Trans Canada Highway) and Lougheed Highway are within a 5-minute drive from the property.