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.