North Vancouver company to buy Sooke Harbour House for $5.6M


Sooke Harbour House.

A North Vancouver real estate company buying Sooke Harbour House for $5.6 million under a court-ordered sale expects to reopen in 2021 after upgrading the property.

“The hotel needs some love,” Alex Watson, chief operating officer with IAG Enterprises Ltd., said Saturday.

“As a family, we look for unique assets, things that you can’t easily replicate. It fits that bill completely. You’re not going to get many other chances to buy property with that kind of heritage, with that kind of waterfront, with that kind of infrastructure that’s already there, and the goodwill that comes with it.”

A B.C. Supreme Court order approved the sale of the 2.5-acre waterfront site for $5.632 million after foreclosure actions had been launched. The hotel is currently closed.

The hotel and restaurant went on the market in April, with an asking price of $5.6 million. The property has been the focus of several legal actions — including more than …read more

Source:: Vancouver Sun – Business

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