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Courtyard next to 91Ѽ Gospel Mission sold to city

‘This is a strategic land acquisition by the city with no plans for the property at this stage.’
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City of 91Ѽ recently finalized a deal to purchase property at 265 Leon Ave. (Photo/HM Commercial)

The City of 91Ѽ has purchased the courtyard next to the 91Ѽ Gospel Mission (KGM) on Leon Avenue.

Tom Wilson, with the city, confirms the price was $2.9 million, with an additional $30,000 in legal and closing costs for 265 Leon.

“This is a strategic land acquisition by the city with no plans for the property at this stage,” said Wilson. “It was bought from a third-party private landowner not affiliated with KGM.”

According to the real estate department, the city does not have any other properties in the 200-500 blocks of Leon. Real estate website HM Commercial, where the Leon property was listed, shows two other city-owned downtown sites that the municipality is looking to partner with developers on.

The former McDonald’s restaurant property at 1746 Water Street and the lot at 311 Harvey Avenue, at the corner of Water Street. The combined price for those properties is $11.275 million.

Read More: B.C. government prepares to impose real estate cooling-off period

Read More: B.C. housing sales meddling upsets realtors



gary.barnes@kelownacapnews.com

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About the Author: Gary Barnes

Journalist and broadcaster for three decades.
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