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Cranbrook flips 99-acre industrial site for $3 million profit

Kootenay city bought the land for $3 million in 2018 and sold it in 2020 for $6 million in an off-market deal
Cranbrook 99-acre industrial site

Property type: Industrial land

Location: Cranbrook, B.C.

Size of property: 99 acres

Price: $6 million

Buyer: Peak Renewables (Peak Cranbrook Properties Ltd.)

Seller: City of Cranbrook

Date of sale: November 19, 2020

Type of sale: Off-market deal