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香蕉视频直播檚 site at 1746 Water Street have been listed for sale.

Located a stone香蕉视频直播檚 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香蕉视频直播檚 for $2.05 million in May 2020. The building was demolished in November 2020.

According to the BC Assessment Authority, the McDonald香蕉视频直播檚 site was assessed at $2.5 million and the Husky lot was worth $4.38 million as of July 2020.

香蕉视频直播淪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,香蕉视频直播� says Graham Hood, the city香蕉视频直播檚 manager of strategic land development.

Remediation to the McDonald香蕉视频直播檚香蕉视频直播� site would hold back any development until the end of 2022.

READ MORE: McDonald香蕉视频直播檚 demolition begins

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isabella.harmel@kelownacapnews.com
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