{"id":512161,"date":"2026-03-03T19:07:20","date_gmt":"2026-03-03T19:07:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/512161\/"},"modified":"2026-03-03T19:07:20","modified_gmt":"2026-03-03T19:07:20","slug":"former-b-c-penitentiary-listed-for-less-than-a-vancouver-mansion","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/512161\/","title":{"rendered":"Former B.C. penitentiary listed for less than a Vancouver mansion"},"content":{"rendered":"

A historic B.C. penitentiary featuring over an acre of land has been listed for sale for less than a Vancouver mansion.<\/p>\n

We\u2019ve written several stories about the New Westminster penitentiary located at 319 Governors Crt.<\/p>\n

The property has been reduced in price compared to the last listing, and is now listed for $4,500,000. To put the reduction into context, in December 2023, it was listed at $5,830,000. Last June, it was listed for $4,999,000<\/a>.<\/p>\n

The current asking price is well below the most recent assessed value of $5,127,000.<\/p>\n

According to the listing, which suggests the property is facing foreclosure, the new owner could own a \u201ctrue piece of New Westminster history.\u201d<\/p>\n

To be more specific, the listing says the \u201cLandmark Building,\u201d which was part of the penitentiary, is the piece that has been listed for sale.<\/p>\n

While the penitentiary hasn\u2019t operated for its original purpose in many, many years, it has been used for other reasons, including featuring a bar called the Notorious Grey Fox<\/a>.<\/p>\n

\"\"<\/p>\n

Royal Pacific Realty Corp.<\/p>\n

The building is situated on a 47,876 sq. ft. piece of land that\u2019s a C-2 zoned lot. Some potential uses for the future owner could include mixed-use retail or daycare at the street level with office units above.<\/p>\n

\"\"<\/p>\n

Royal Pacific Realty Corp.<\/p>\n

According to Royal Pacific Realty Corp, the property is generating \u201csolid holding income\u201d with tenants that are in place, plus the aforementioned fully-licensed restaurant, which includes 134 indoor seats and a 160-seat patio.<\/p>\n

\"b.c.<\/p>\n

Royal Pacific Realty Corp.<\/p>\n

In 1989, extensive upgrades were done at the property. Future upgrades are also possible, as the listing says that there are over 40 on-site parking stalls with potential for expansion.<\/p>\n

\u201cA unique investment opportunity blending historic character, stable income, and long-term upside,\u201d the listing says, adding that private viewings are by appointment only.<\/p>\n

The B.C. penitentiary closed permanently over 40 years ago, in May 1980.<\/p>\n","protected":false},"excerpt":{"rendered":"A historic B.C. penitentiary featuring over an acre of land has been listed for sale for less than…\n","protected":false},"author":2,"featured_media":512162,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194298],"tags":[49,48,55],"class_list":["post-512161","post","type-post","status-publish","format-standard","has-post-thumbnail","category-vancouver","tag-ca","tag-canada","tag-vancouver"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/512161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=512161"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/512161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/512162"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=512161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=512161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=512161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}