He owns two other rental properties. 

Rental #1 is a Class 1 building, which is rented to be used as a supermarket. 

Rental #2 is a vacant land, which is rented to be used as a parking lot. Rental revenue and allowable expenses (excluding capital cost allowance) from the two properties are as follows:

                                                                                                                   Rental #1      Rental #2

Gross rental revenue ..........................................................................   $30,000        $ 15,000

Expenses:

Mortgage interest .................................................................................        —             (25,000)

Property taxes .......................................................................................  (3,000)            (3,500)

Insurance ..............................................................................................   (2,000)            (2,400)

Maintenance ........................................................................................    (8,000)            (1,500)

Rental #1 building has a capital cost of $400,000 and UCC on Jan 1st 2021 of $300,000.

Rental #2 land had an adjusted cost base of 500,000 on Jan 1st 2021 and the land was sold in the end of December 2021 to the current tenant directly for a proceeds of $650,000 with no commission fees what income should be reported for 2020?