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Kelowna downtown leased-land lot sells $500K over list price

Situated next to the Innovation Centre in city centre, the 0.87 acres sold for $7 million under an 80-year lease agreement
Western Investor Staff
2700 Richter Street, Kelowna, HM Commercial
HM Commercial Group -Macdonald Realty, Kelowna, B.C., for Western Investor

Type of property: Land

Location: 350 Doyle Street,2700 Richter Street, Kelowna, B.C.

Size of land: 37,897 square feet

Land size in acres: 0.87 acres

Zoning: C7 Central Business District

Sale particular: 80-year pre-paid land lease

List price: $6.5 million

Sale price: $7 million

Brokerage: HM Commercial Group -Macdonald Realty, Kelowna, B.C.

Brokers: Jeff Hudson and Marshall McAnerney