Federal government selling Canada Post building in Kentville

Ashley
Ashley Thompson
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This property, located at 495 and 497 Main Street, is listed with EXIT Realty for $1.2 million.

KENTVILLE - The building housing the local post office is on the market.

The property, located at 495 and 497 Main Street, is listed with EXIT Realty for $1.2 million.

“Based on an analysis of the building’s financial performance, the current vacancy rate (nearly 20 per cent), and projected future federal space requirements in the Kentville area, Public Services and Procurement Canada determined that selling the building and leasing space for its federal tenants represents the best value for Canadians,” said Public Works and Government Services Canada spokesperson Aaron Bower in an e-mail Feb. 18.

The building, owned by Public Services and Procurement Canada, is home to three federal tenants: Canada Post, Service Canada and Correctional Service Canada. Even if the federal government finds a buyer for the building, those tenants will be able to remain in the same location.

 “A lease for this space will be negotiated as part of the sales transaction,” said Bower, who noted that the federal government has owned the structure since it was built in 1962.

This is the first time the government has listed the property for sale.

 “There has been some interest in the building, however, to protect the integrity of the sale, Public Services and Procurement Canada cannot disclose information on prospective buyers,” said Bower.

A listing on ViewPoint Realty Services Inc.’s website, says the “total living area” for the steel and concrete framed building measures 25,930 square feet.

The same federal department is handling the disposal of a Sheffield Mills Research Farm owned by Agriculture and Agri-food Canada.

Kings North MLA John Lohr says he sees how the sale of the building would result in a short-term financial gain for the federal government, but he questions how beneficial this move will be in the years to come.

“I do believe that in the long run it’s less expensive to be the owner of the building than the renter,” the Progressive Conservative MLA said.

“We’ll be watching it closely to see that there’s no loss in service.”

Did you know?

In The Devil’s Half Acre: A Look at Kentville’s Past author Mabel Nichols says a three-storey brick and stone post office was built on Aberdeen Street in 1899, and it was replaced by the current Main Street building.

 

 

Organizations: Public Services, Canada Post, Service Canada Public Works and Government Services Canada ViewPoint Realty Services

Geographic location: Kentville, 497 Main Street, Agri Canada Half Acre Aberdeen Street

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Recent comments

  • Geof Turner
    February 20, 2016 - 11:47

    I question, as well, that selling the building for a quick infusion of cash and then paying rent is really nothing more than the federal government getting a loan it will have to pay back forever. It should be noted the building is full of asbestos and to sell that off to someone to deal with is unresponsible. Perspective owners should also ask the following questions to the government: What are their future plans for Canada Post? If the Kentville depot goes to delivery with vehicles ,they will probably move out of the current building to the industrial park where parking would not be an issue. The second question I would ask would be the taxes on that property. I know for places like the Halifax Citadel, the federal government tells Halifax what it will get for taxes. I don't know if that goes for federal buildings or not.If it does, the perspective owners should approach the town to see if the taxes will increase. Geof Turner President of the Canadian Union of Postal Workers Annapolis Valley Local

  • Katie
    February 19, 2016 - 12:16

    If the Federal Gov't cannot fill the vacant space to generate revenue they will never recover expenses to operate and maintain the building which will be a further drain on taxpayers. Government's role is not to be a landlord. Sell the building and let the new owner / landlord have the headache.