Rockchild Landing 279 acres in The Okanagan Valley

ROCKCHILD LANDING - 279 Acres, Okanagan Waterfront

Central Okanagan Regional District, BC

Court Ordered Sale

Although this information has been received from sources deemed reliable, we assume no responsibili-ty for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.

Macdonald Commercial Real Estate Services Ltd.1827 West 5th Avenue, Vancouver, BC V6J 1P5T 604.736.5611 | F 604.736.7976 www.macdonaldcommercial.com

Mike [email protected]

Brian [email protected]

EXECUTIVE SUMMARY ROCKCHILD LANDING - 279 Acres, Okanagan Waterfront

Area Description

Rockchild Landing is a 279 acre waterfront residential/recreational property situated along the west shores of Okanagan Lake in the Okanagan Valley of southern British Columbia, between the cities of Kelowna and Vernon.

The property was approved and zoned for a 43 lot waterfront residential development adjacent to a large dedicated park, however the project fell into fi nancial diffi culty and is now the subject of a Court Ordered Sale.

Regional Description

The Okanagan Valley provides an enviable life-style for residents and tourists alike. Boasting a mean of 2000 hours of sunshine annually, the Valley area has diverse landscapes and topography, offering 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.The warm summers with low humidity and relatively mild winters provide an enviable

Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submis-sion subject to prior sale or lease, change in price or terms and withdrawal without notice.

life-style and makes the Okanagan Valley an attractive destination for tourists and retirees as well as a popular location for a wide range of businesses. Vernon is the second largest city in the Valley, with a population of approximately 60,000 residing in its metropolitan region.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.

Artist Rendering


Area Description

The property is on the west side of Okanagan Lake, approximately 18 miles north of West Kelowna in a historic settlement and trading area generally referred to as “Fintry.” Legal and physical access to the property is provided by Westside Road.

Property Description

Stretching almost a full mile along the lake and back to the hills above, the parcel is roughly rectangular in shape with an area of approximately 27 acres between the lakefront and Westside Road and the remainder being upland.

The lake frontage is irregular in shape and comprises approximately 5,249 feet, interrupted near its mid-point by a 4.4 acre property with approximately 507 feet of lakefront.

The topography is varied, ranging from undulating forested slopes and grassy bench land overlooking Okanagan Lake to steep hillsides and Quilpituk Creek ravine. From the park, miles of trails provide

recreational opportunities for hikers and mountain bikers and access to the Terrace Mountain Trails at a higher elevation.

The beaches are generally pebbly or rocky and the lake water is clean, clear and ideal for swimming and water sports.

The hills, vineyards and orchards on the east side of the Lake are part of the beautiful and unobstructed 180 degree lake and mountain views provided along the entire length of the property.

A substantial investment of time, effort and capital was invested to achieve rezoning and approval for 43 waterfront lots. From the outset, the concept emphasized a large dedicated park with an environmentally sensitive waterfront recreation/residential development that would enhance and protect the natural environment, with a lot layout that maximizes the lakefront exposure.

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Southern Okanagan Land Development Inc. ROCKCHILD LANDING

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THE ACCURACY & COMPLETENESS OF INFORMATION SHOWN ON THIS DRAWING IS NOT GUARANTEED. IT WILL BE THE RESPONSIBILITY OF THE USER OF THE INFORMATION SHOWN ON THIS DRAWING TO LOCATE & ESTABLISH THE PRECISE LOCATION OF ALL EXISTING INFORMATION WHETHER SHOWN OR NOT.

Okanagan Lake

0 50 100 150 200

Meters

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TREATEDEFFLUENT DISPOSAL

FIELD AREA

Proposed Frontage Road

RDCO UPLAND PARK

PROPOSED RESIDENTIALAREA

RevisedDate: 2011-07-25

RIPARIAN SETBACK & FORESHORE CONSERVATIONAREA (15m BUFFER)

Proposed Westside Road

PLANNED PARK ENTRANCE& TREATMENT FACILITIES

AREA (SEE UTILITIES CONCEPT)

RDCO FORESHORE PARK

RESTORATION AREA

File Path: \\usl.urban-systems.com\projects\Projects_KEL\2858\0001\02\D-Drafting-Design-Analysis\CADD\CURRENT\April 6 RDCO Submission\GIS files\MXD\Site_Plan_2011_07_25.mxd

WATER INTAKE

MOT

RIPARIAN COVENANT AREA(15-30m)

PRIVATEHOLDING

MOT

MOT

MOT

PRIVATEHOLDING

COVENANT FOR PROTECTIONOF FUR BRIGAND TRAIL

(EaQv-30)

COVENANT FOR PROTECTIONOF ARCHAEOLOGICAL SITE

(EaQv-29)

Legendhg Viewpoint

IA Parking Area

Proposed Path

Existing Path to be Re-Used

Creeks

Riparian Covenant Area

Treated Effluent Disposal Site

Archaeological Covenant

Proposed Westside Road

Riparian Setback & Foreshore Conservation Area

Environmentally Sensitive Areas

Environmentally Sensitive Area Buffer (15m)

Proposed Residential Lots

Strata

Private Holding

Forest Treatment

Restoration Area

Proposed Westside Road ROW Area (10.9ha)

Park and Open Space

Foreshore Headlease Trust Area

RDCO FORESHORE PARK

Site Plan Showing Park & Conservation/Covenant Areas


Civic Address

DL 4501 WESTSIDE ROAD, RDCO

Site Area

278.9 Acres

Approved Density

43 Waterfront Lots

Zoning

R-1, Single Detached Housing P-1, Park and Open Space

Legal Description

District Lot 4501 Osoyoos Division Yale District Plans B1329 and 36131

PID

006-497-365

Encumbrances

The following non-financial charges are registered on title:

• CA2219468; a covenant restricting the number of residential lots to 43.

• CA2219466; a conservation covenant.• CA2219464; a covenant for protection of a

registered archaeological site.• CA2266460; a Section 219 covenant

requiring Letters of Credit in favour of RDCO for contribution to road improvements, fire protection, park construction and completion of environmental studies under the Conservation Covenant.

Offering

The property is offered on an “as is, where is” basis and is priced accordingly.

Although this information has been obtained from sources we consider reliable, access to information is limited, and a Buyer must make their own investigation to determine the current status and viability of the proposed development. The Seller and Macdonald Commercial Real Estate Services assume no responsibility for its accuracy and provide no advice or representations with respect to the current status of the development or its economic viability.

Price

$5,500,000, SUBJECT TO Court Approval.

Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submis-sion subject to prior sale or lease, change in price or terms and withdrawal without notice.
