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Even though it was being marketed during a pandemic, the Kirschner Mountain development attracted interest from people all across Canada.
It’s now been sold for a whopping $22 million to a buyer from Manitoba.
Sold by local realtors Mark Boppre and Max Carbone, the monumental sale is the largest MLS property sale in the history of the Association of Interior Realtors (AIR).
“Transactions such as this are proof that demand for property in Kelowna, and the surrounding communities where our members work, is growing at remarkable rates,” said George Greenwood, CEO of AIR.
Boppre and Carbone co-listed the property in late 2019 and successfully marketed it during COVID-19, which led to the historic sale.
“The Century 21 Assurance Commercial Group is proud to have brokered this historic deal on behalf of the Kirschner family,” said Carbone.
Allan, Don and Gordon Kirschner owned the project, but it was their father who started it all when he bought 640 acres of land for a ranch back in 1958.
In 2003, the family established Kirschner Mountain and the first four phases of single-family lots were completed by the time the property went up for sale in 2019.
“We’re excited to see what the future holds for Kirschner Mountain and are extremely proud our family is part of the heritage and legacy of our community” said Alan, the eldest of the Kirschner brothers.
The remainder of the property is slated for residential and commercial mixed-use development.