Two lucrative city-owned downtown Kelowna properties have been placed on the market.

The previous Husky gas station, located at 380 Harvey Avenue and the long-vacant McDonaldsa国际传媒檚 site at 1746 Water Street have been listed for sale.

Located a stonesa国际传媒檚 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 McDonaldsa国际传媒檚 for $2.05 million in May 2020. The building was demolished in November 2020.

According to the BC Assessment Authority, the McDonaldsa国际传媒檚 site was assessed at $2.5 million and the Husky lot was worth $4.38 million as of July 2020.

sa国际传媒淪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,sa国际传媒� says Graham Hood, the citysa国际传媒檚 manager of strategic land development.

Remediation to the McDonaldsa国际传媒檚sa国际传媒� site would hold back any development until the end of 2022.

READ MORE: McDonaldsa国际传媒檚 demolition begins

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isabella.harmel@kelownacapnews.com
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