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 McDonald含羞草研究社檚 site at 1746 Water Street have been listed for sale.

Located a stone含羞草研究社檚 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含羞草研究社檚 for $2.05 million in May 2020. The building was demolished in November 2020.

According to the BC Assessment Authority, the McDonald含羞草研究社檚 site was assessed at $2.5 million and the Husky lot was worth $4.38 million as of July 2020.

含羞草研究社淪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,含羞草研究社� says Graham Hood, the city含羞草研究社檚 manager of strategic land development.

Remediation to the McDonald含羞草研究社檚含羞草研究社� site would hold back any development until the end of 2022.

READ MORE: McDonald含羞草研究社檚 demolition begins

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isabella.harmel@kelownacapnews.com
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