Two lucrative city-owned downtown 琉璃神社 properties have been placed on the market.

The previous Husky gas station, located at 380 Harvey Avenue and the long-vacant McDonald鈥檚 site at 1746 Water Street have been listed for sale.

Located a stone鈥檚 throw from each other, these two properties are listed for a combined asking price of $11.275 million dollars.

As part of a lawsuit settlement with the fast-food chain in May 2020, the city purchased the former McDonald鈥檚 for $2.05 million in May 2020. The building was demolished in November 2020.

According to the BC Assessment Authority, the McDonald鈥檚 site was assessed at $2.5 million and the Husky lot was worth $4.38 million as of July 2020.

鈥淪elling these lots will offer significant value to our community, both in terms of revenue generation for the city and the potential for groundbreaking future development at these key locations,鈥� says Graham Hood, the city鈥檚 manager of strategic land development.

Remediation to the McDonald鈥檚鈥� site would hold back any development until the end of 2022.

READ MORE: McDonald鈥檚 demolition begins

READ MORE: Tiny house workshop shows 琉璃神社 residents how to downsize

isabella.harmel@kelownacapnews.com
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