Victory Christian Center sold to assisted-living developer
The controversial Victory Christian Center on Ellerslie Road has been sold to a developer of assisted-living complexes.
Court documents show Assisted Care Services Inc. bought the church and property located at 11520 Ellerslie Road for $6.6 million — less than half the original listing price of $14 million.
Assisted Care is owned by Lorenzo Clonfero, who owns several assisted-living complexes in the Edmonton area.
The church’s congregation, school and daycare must be off the property by July 31, the documents state. It is not known where — if anywhere — the church will move.
Clonfero did not respond to an interview request on Friday. Likewise, the church’s pastor, Cal Switzer, has not responded to several interview requests.
Switzer lost the church through a bad deal with accused con man Kevin Frederick. Switzer sold the property to Frederick in August 2008 for $18 million, but conducted the deal without having it vetted by a lawyer.
Court documents show Frederick never registered the mortgage, as promised, while using the property for collateral in other real-estate deals — which collapsed after Frederick failed to make promised payments.
A major creditor from one of those deals forced the judicial sale of the Victory Church property. A judge approved the sale in late May.
Initially listed for $14 million, the property languished on the market for 10 months before a second appraisal valued its forced sale price at only $6.6 million. It is not known what Assisted Care Services plans to do with the property.