North Canoe Hall bought for $50,000

The North Canoe Hall is sold, but the community will have to wait and see what the plans are for the property

The North Canoe Hall is sold, but the community will have to wait and see what the plans are for the property.

John Lund, a director of the North Canoe Community Association, told the Observer the hall has been sold to a private citizen for a purchase price of $50,000. He would not comment on the identity of the owner or what the plans might be for the site. The new owner will take possession of the property in November.

Lund says the proceeds from the sale of the hall, after expenses, will be donated to various local groups.

He says the association has already determined that $15,000 of the proceeds will be donated in $500 increments to 30 needy families in the area: six families in Canoe, seven in Silver Creek and the remaining 17 in Salmon Arm.

“These are all good, hard-working people who are having a tough time making a go. The idea is to be sure they have a good Christmas,” said Lund.

Another $10,000 has been earmarked for the Shuswap Hospital Foundation, donated on behalf of the citizens of Canoe.

“The hospital works for us all,” said Lund.

Lund says he will be reimbursed for his expense of $4,885 to pay for the various outstanding bills related to the hall including taxes, utilities and legal fees associated with the sale.

He says the remaining funds will be held by the association until all the tax and legal financial implications are determined, at which point they will be dispersed to local charities or people in need.

The hall was sold on a land-only basis, as the hall itself was determined so be so run-down that Lund says the estimated cost to bring it up to code was $250,000.

 

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