Westmount Army and Navy Club has occupied its present Kingdom Street site in Greater Weston™ since 1938. Sadly, thanks to lengthy closures because of Covid, the club has been losing money for a while as noted back in April last year when they held a fundraiser. At a membership meeting convened today, club members voted to put the 450 x 120 foot site up for sale with the idea that monies raised will clear any debts and provide an income from interest on the capital. The club plans to reconvene in a new leased location. Whatever happens, directors insist that if the club needs to be wound-up, once debts are cleared, all proceeds will go to the charities that Westmount A.N.C. has supported for many years.
The club charter states that it must operate in Etobicoke and members hope to lease and move to a nearby property once the eventual purchaser takes possession of the site. This may not be for a couple of years so in the meantime, now that Covid restrictions have eased somewhat, it’s business as usual with activities such as darts nights being arranged for the fall.
Real estate agents entrusted with the sale process and present at the meeting speculated that a price of up to $3 million was possible for the site which will be sold as one property. The sort of housing that will be built on the land is unknown but the options are likely to be a severance into three 50 x 120 lots, six 25 x 120 foot lots, or a townhome complex.