Three British Columbia wineries, previously owned by a Vancouver development firm, are now on the market at significantly reduced prices following a foreclosure. Minglian Holdings' assets have led to these prime vineyard properties being listed for sale, with two of them seeing substantial drops from their initial asking prices.
Key Takeaways
- Three B.C. wineries are being sold due to foreclosure.
- Two of the properties are listed at millions below their original asking prices.
- Offers for the properties are due soon, with court approval required for the sales.
Terralux Estate Winery: A Steep Discount
The Terralux Estate Winery project in West Kelowna, which was announced a few years ago but remained unfinished, has experienced the most dramatic price reduction. Initially listed for $8.56 million, the unfinished luxury winery, intended to feature a restaurant, lounge, retail space, and production facility, is now on the market for $4.5 million – a nearly 50% decrease. The property includes 8.8 acres of planted Chardonnay vines, with a substantial, partially completed concrete structure.
Chapman Vineyard: Significant Price Drop
Chapman Vineyard, a 30-acre property located near Okanagan Falls, is now listed at $3.5 million. This estate boasts 26.5 acres of Pinot Noir and Pinot Gris vines, along with a five-bedroom house. It was previously listed for $5.99 million in October 2024 and has seen its price reduced multiple times before the current court-ordered sale. The listing highlights its potential for meaningful production, suitable for an existing winery or a new label focused on estate-grown fruit.
S'milka Vista Property: Holding Its Value
The largest of the three properties, S'milka Vista, is located in the Similkameen Valley and is listed at $5.5 million. This 86-acre estate features 40 acres of various vine types and is already equipped with a production building, wine shop, and workshop, though the business itself is not part of the sale. A three-bedroom residence is also on site. Notably, its current asking price is consistent with its previous listing in October 2025, indicating it has maintained its valuation.
All three properties are slated for a swift sale, with offers required by February 25th, pending court approval.
