279 Acres, Lake Okanagan Waterfront Opportunity Highlights

FOR SALE 279 Acres, Lake Okanagan Waterfront District Lot 4501 Westside Road, Central Okanagan Regional District

Opportunity Highlights

»» 279 acre waterfront residential / recreational property situated along the west shores of Okanagan Lake »» Approved and zoned for a 43 lot waterfront residential development

Brian Tattrie David Jerome Macdonald Realty Kelowna 604.714.4783 250.862.1888 Brian.Tattrie [email protected] @macdonaldcommercial.com 279 Acres, Okanagan Waterfront District Lot 4501 Westside Road, Central Okanagan Region

Area Location District Lot 4501 Westside Road is a 279 acre waterfront residential/recreational property situated along the The property is on the west side of Okanagan Lake, west shores of Okanagan Lake in the Okanagan Valley of approximately 18 miles north of West Kelowna in a southern British Columbia, between the cities of Kelowna historic settlement and trading area generally referred and Vernon. The property was approved and zoned for a to as “Fintry.” Legal and physical access to the property 43 lot waterfront residential development adjacent to a is provided by Westside Road. large dedicated park, however the project fell into financial difficulty and is now the subject of a Court Ordered Sale.

Regional The dry warm summers, low humidity and relatively mild winters provide an enviable life-style for residents and makes the Okanagan Valley an attractive destination for tourists and retirees as well as a popular location for a wide range of businesses. The diverse landscapes and topography offer an abundance of rich agricultural land with over 200 wineries, forested hillsides with miles of hiking and biking trails, and nearly 295 hectares (7,300 acres) of clean sandy beaches. Its mountain peaks include 5 distinct ski hills and outstanding powder skiing.

Nearby Kelowna, with a population of approximately 180,000, is the business and economic centre for the Okanagan Valley and the largest trading centre between Greater Vancouver and Alberta. It is the third largest metropolitan area in the province, and one of Canada’s fastest growing cities. Kelowna is home to the University of British Columbia’s Okanagan Campus, the Interior Heart & Surgical Centre, an international airport, a burgeoning research and high tech sector, and many award winning wineries. North of the property, Vernon is the second largest city in the Valley, with a population of approximately 60,000 residing in its metropolitan region.

Brian Tattrie David Jerome Although this information has been received from sources deemed Macdonald Realty Kelowna reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, 604.714.4783 250.862.1888 change in price or terms and withdrawal without notice. Brian.Tattrie [email protected] @macdonaldcommercial.com 279 Acres, Okanagan Waterfront District Lot 4501 Westside Road, Central Okanagan Region

Property Property Info Situated along the west side of Okanagan Lake, DL 4501 Westside Road is a 279 acre waterfront property Address DL 4501 Westside Road, RDCO with almost a full mile of lakefront. The property is between the cities of Kelowna and Size 278.9 Acres Vernon, approximately 18 miles north of West Kelowna Previously in the historic settlement and trading area of “Fintry,” 43 Waterfront Lots Approved just south of La Casa Lakeside Cottage Resort. With almost a full mile of lakefront and back to the hills District Lot 4501 Osoyoos Division Yale Legal above, the parcel is roughly rectangular in shape with an District Plans B1329 and 36131 area of approximately 27 acres between the lakefront PID 006-497-365 and Westside Road with the remainder being upland. R-1 Single Detached Housing Zoning The lake frontage is irregular in shape and comprises P-1 Park and Open Space approximately 5,249 feet, interrupted near its mid- point by a 4.4 acre property with approximately 507 feet Offering of lakefront. The lake water is clean, clear and ideal for The property is offered on an “as is, where is” basis swimming and water sports. and offers must be in an approved offer and subject to Court Approval. Offers may include a short due The topography is varied, ranging from undulating diligence period prior to presentation to the Court. forested slopes and grassy bench land overlooking Okanagan Lake to steep hillsides and Quilpituk Creek Encumbrances ravine. From the park, miles of trails provide recreational Non-financial charges are registered on title: opportunities for hikers and mountain bikers with access CA2219468 - a covenant restricting the number of to the Terrace Mountain Trails at a higher elevation. The residential lots to 43 hills, vineyards and orchards on the east side of the Lake CA2219466 - a conservation covenant are part of the beautiful and unobstructed 180 degree CA2219464 - a covenant for protection of a registered lake and mountain views provided along the entire archaeological site length of the property. CA2266460 - a Section 219 covenant requiring Letters of Credit in favour of RDCO for contribution to road improvements, fire protection, park constructuion and completion of environmental studeies under the Con- versation Covenant

Brian Tattrie David Jerome Asking Price Macdonald Realty Kelowna $2,950,000.00 604.714.4783 250.862.1888 Brian.Tattrie [email protected] @macdonaldcommercial.com 279 Acres, Okanagan Waterfront District Lot 4501 Westside Road, Central Okanagan Region

Site Plan Showing Park & Conservation/Covenant Areas

Okanagan Lake

La Casa

DL3542 DL4501 DL3849

DL525B

Subject Property

Brian Tattrie David Jerome Macdonald Realty Kelowna 604.714.4783 250.862.1888 Brian.Tattrie [email protected] @macdonaldcommercial.com