Former Canada Post building on Argyle Street sold

The formerly federally owned building has been sold to a local, private buyer.

The former Canada Post building at 4877Argyle St. has been sold, city economic development manager Pat Deakin said.

Deakin could not divulge the identity of the buyer or buyers, he said because it is a private sale. However, he did say the building is now locally owned.

Re/Max Mid Island Realty real estate agent Chris Colclough confirmed the sale of the building but also could not disclose any details. The building had been listed for $499,000 but Colclough declined to talk about the purchase price.

The three-story 30,500 square foot building was federally owned and occupied by Canada Post prior to their move to the Pacific Rim Shopping Centre in 2007 and was last occupied by Department of Fisheries and Oceans offices. DFO vacated the government building on Argyle Street in 2012, to move into their new building on Tebo Avenue.

According to city planner Scott Smith, the building is zoned C7 – core business which allows for a multitude of uses from a shopping centre to car sales and repairs to a multifamily residence. Smith said that no rezoning applications from the new owner have yet been submitted

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