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Two large and significant pieces of property recently changed hands in the South Okanagan.
A nearly 15-acre plot of land in Summerland at 13610 Banks Crescent sold earlier this year for $3.1 million.
The property was the site of a deeply controversial proposal for a 415-unit seniors retirement home that council eventually voted down in 2018. The project was killed over concerns about its impact on the nearby trout hatchery and its relative distance from downtown.
The property was listed for $2.95 million and was sold for $3.1 million on Jan. 25, a deal that was just announced publicly over the weekend.
To the south, nearly nine acres of industrial land in Okanagan Falls at 4850 Weyerhauser Road sold for $4 million after being listed for $4.29 million. The deal closed on March 4 but was also just announced.
The property includes a RV and boat storage facility, commercial building, caretaker’s residence just off Highway 97 near the old mill lands.
In both cases the buyer was not disclosed. The sales were brokered by John Green, Keith Jakes and Re/Max Penticton Realty.
with files from The Western Investor
