Land for development at Revelstoke Mountain Resort sells for $5.5M

Despite recent slowdowns in the real estate market a Kelowna real estate company has just closed a $5.5 million deal.

Northland Properties, the group behind Revelstoke Mountain Resort, has increased its holdings there by buying a 3.61-acre development site.

“This property is a unique site with a gondola passing over top and is so close to the ski hill that these units will offer ski-in/ski-out access to the mountain,” a news release from HM Commercial Group says.

The sale was made by HM's Lindsey Termul, Marshall McAnerney and Jeff Hudson. Northland Properties is owned by the Gaglardi family.

In September it was announced that Northland would build the Sutton Place Hotel at the Kelowna airport.

READ MORE: New hotel will take Kelowna airport “to the next level”: director

“Although there is short-term uncertainty in the market at this time, there are still very big projects like this happening throughout the Okanagan, with more exciting projects to be announced,” the news release says.

“With all of the negative news in the media today, the long-term future of the Okanagan continues to shine.”


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Rob Munro

Rob Munro has a long history in journalism after starting an underground newspaper in Whitehorse called the Yukon Howl in 1980. He spent five years at the 100 Mile Free Press, starting in the darkroom, moving on to sports and news reporting before becoming the advertising manager. He came to Kelowna in 1989 as a reporter for the Kelowna Daily Courier, and spent the 1990s mostly covering city hall. For most of the past 20 years he worked full time for the union representing newspaper workers throughout B.C. He’s returned to his true love of being a reporter with a special focus on civic politics

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