Virden land sold to Calgary equity firm
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VIRDEN — A piece of land beside the Highway 1 Co-Op gas station in Virden has been sold to an equity firm out of Calgary that has plans for the property.
The plot at 558 Frame Street East was agreed to be sold to Park Avenue Equities Ltd. during council’s regular meeting on Jan. 20. Information cannot be disclosed about the future of the property yet, but plans appear to be in the works, Virden Mayor Tina Williams told the Sun.
“They haven’t made public what they are putting there yet,” Williams said. “They are not buying it to sit on it, let me put it that way. They are not buying it to just have the land.”
The property is directly across the street from the Co-Op gas bar that was added to the community in February of 2024.
Two community organizations have been affected by the move.
Virden Auto Glass, a repair shop in the community, has relocated to a new location in Virden’s downtown after leaving the property that is being purchased by the equity firm. The shop also relocated when Co-Op developed the nearby land into a gas bar.
“Once again, with mixed feelings, we are officially moving off Highway 1 after 55 years,” the shop wrote on social media. “We will do whatever it takes to make sure we can serve our customers to the best of our ability.”
Following the decision to sell the land to the equity firm, Virden town council decided to purchase another piece of land to the south at its very next council meeting. The property was home to a thrift store, which now posts signs that the shop is closed.
The town came to a purchase agreement with the owner of the thrift shop’s property. Williams said the purchase was strategic, in order to ensure the town owns land in case any expansion or development is needed at the town’s water treatment plant next door.
Williams declined to share the sales and purchase prices of the two pieces of property, which nearly border on each other beside the water treatment plant.
» cmcdowell@brandonsun.com