After sitting for years, the Nechako Centre building just off Kingfisher Ave is up for sale.
For sale for $4.4 million, the B.C. Assessment Authority estimates the land value of $492,000 with a total value including the building of $843,000. With some residents calling it a “step in the right direction,” others are worried the building is a liability and represents a negative value.
Keen to stimulate revitalization in the community’s commercial centres, the District of Kitimat (DoK) has been working with the owner of the property and encouraged them to support a redevelopment proposal for new applicants.
“The intention of this planning process would be to identify best uses and long-term visions for lands in the Nechako commercial centre,” the DoK said in a statement to the Northern Sentinel.
Hoping to demolish the current building, the DoK also said the council is considering the implementation of a “Demolition of Vacant and Derelict Properties Grant or a high-value Commercial Centre Facade Improvement Grant” to be part of Kitimat’s 2021 budget deliberations.
The DoK is willing to invest in the property by offering grants to new applicants who are willing to align their land-use intentions in concert with the council’s and the community’s interests.
Built-in 1955, the property sits on 0.72 acres in a prime location that has fast access to Hwy37 North and City Centre Mall. Already zoned as a commercial centre, the district requests applicants apply under the zoning/official community plan amendment application so the information provided can be treated as public information.
Applicants must also include required fees and supporting plans, relevant property title charges, documents and/ or drawings as required.