1187 Sunset Drive
1187 Sunset Drive Kelowna, BC Information Memorandum
Prepared by:
JEFF HUDSON* Investment Sales Division | Interior BC *Personal Real Estate Corporation MARSHALL MCANERNEY* Investment Sales Division | Interior BC *Personal Real Estate Corporation
1187 Sunset Drive Kelowna, BC
TABLE OF CONTENTS Property Highlights................................................................................................................................................... 3 Location..................................................................................................................................................................... 4 Market Overview ...................................................................................................................................................... 5 Property Details ........................................................................................................................................................ 6 Neighbourhood ......................................................................................................................................................... 7 Aerial View ............................................................................................................................................................... 8 About Kelowna & Area ............................................................................................................................................. 9 Disclaimer ................................................................................................................................................................10 Appendix Documents............................................................................................................................................... 11
Zoning Title
1187 Sunset Drive Kelowna, BC
PROPERTY HIGHLIGHTS KEY HIGHLIGHTS Location:
1 block from Lake Okanagan/Waterfront Park, directly across from the 6,500 seat Prospera Place Arena, home to Kelowna Rockets Major Junior Hockey
Zoning
Currently C4 Commercial (suitable for commercial & residential), with a wide variety of Permitted uses
OCP:
Commercial/Residential, within the Downtown City Centre: 1 of only 5 urban centres to support high-density development (City of Kelowna’s Planning Department has indicated it would likely support rezoning to C7 - which has a much higher FAR and allows for mixed-use development
Transportation: Clement Ave is a main arterial corridor which channels traffic East-West and is planned for future widening to accommodate the forecasted growth in the area
Public transit comes right by the subject and the Queensway Transit loop is moments away, with service to Kelowna International Airport and UBC Okanagan
OPPORTUNITY The Subject is a 2.84 acre site and best suited towards high-density development and has already been pre-loaded for a 20 storey tower. Overall, the site is flat and ideal for building, with essential services to the lot line. Previously, a mixed-use development centering on an international branded hotel was approved. DP05-0143 was approved by Council on October 18, 2005 but has since expired. Discussions with City’s Planning Department have yielded a willingness to consider all developments, including those which may not have to incorporate a Hotel as part of the overall design. List Price:
$11,500,000 ($28.84/buildable sq.ft. based on FAR of 3.22, referenced above) $46.48/buildable sq ft (FAR of 2.0) $30.99/buildable sq ft (FAR of 3.0) $23.24/buildable sq ft (FAR of 4.0)
OFFERING PROCESS Prospective Purchasers are invited to submit Offers to Purchase the Property through Colliers for consideration by the Vendor. Any Offer to Purchase the Property (the “Offer”) is to be submitted to Colliers on either the Vendors Offer to Purchase form or such other form selected by prospective Purchasers.
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1187 Sunset Drive Kelowna, BC
LOCATION LOCATION The subject property at 1187 Sunset Drive boasts a highly desirable location in Central Kelowna. This prime location is in the heart of the emerging Cultural District and is within easy walking distance to the waterfront, restaurants and amenities including Prospera Place (6,886 – seat multi-purpose concert and sports arena), the Rotary Centre for the Arts (325 – seat auditorium and arts centre), as well as civic, art and cultural properties.
Urbansquare.ca Farmers Market (proposed) Kings Stadium Home of the Kelowna Falcons
Starkhund Brewery
Sandhill Winery New RCMP Detachment
Subject Property Rotary Centre for the Arts
Prospera Place
Kelowna Regional Library
Kelowna Art Gallery Delta Grand Hotel
Kelowna Yacht Club
Okanagan Centre for Innovation
Kelowna Community Theatre
Proposed 207 Units w/ Retail
Kelowna City Hall
Proposed Westcorp Hotel
Tugboat Bay
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1187 Sunset Drive Kelowna, BC
MARKET OVERVIEW MARKET CONDITIONS In 2014, Kelowna’s marketplace has seen healthy gains in average sales price (up $30,000 over 2013) and sales volumes are up as well. Inventories are down which is helping Kelowna prices rise and the Fall 2014 CMHC Housing Market Outlook for Kelowna forecasts a modest increase in house pricing thru 2016. The Rental apartment vacancy rate has decreased from 4.0% in 2013 down to 1.8% and is forecast to edge lower to 1.5% in 2015. • Total Housing Starts YTD have increased 45% (up to 747 in 2014) (Source: CMHC) • YTD Median House Sale Price has increased $30,000; from $420,000 (2013) to $450,000 (2014) (Source: OMREB) • Total residential sales increased 25% in August, 2014 compared to 2013 (Source: OMREB)
Consumer interest and development in the Downtown is continuing to grow with major projects planned or currently under construction, including: • • • • • • • • • • •
Okanagan Centre for Innovation - 6 storey office building next to the library ($35 million)* Kelowna Yacht Club - Magnificent 2 storey building overlooking the largest fresh water marina in Canada ($10 million)* Westcorp Hotel - Proposed 26 storey boutique hotel at the foot of Bernard Ave ($65 million)* Central Green - 6 acre site at Hwy 97 N and Richter, 700 to 800 residential units plus commercial space (LEED certified) Interior Health Building - 5 storeys, 150,000 square feet, Doyle & Ellis ($50 million)* Library Parkade Expansion - construction to start in 2015, 190 new stalls ($6.5 million)* Ellis Parkade - bringing 440 stalls to the area early in 2016 ($14.8 million)* New RCMP Detatchment - Clement Ave, 2 blocks east of subject ($36 million)* Urbansquare.ca - Proposed redevelopment for a year round public market and several towers Starkhund Brewery - 58,000 sf state-of-the-art facility 4 blocks east of subject Sandhill Winery Tasting Room - Newly developed tasting room 3 blocks east of subject ($5 million)*
With so much going on and so many great amenities nearby, Downtown Kelowna is a smart place to develop right now. 1187 Sunset is arguably the most significant development site left in the Downtown.
* construction value
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1187 Sunset Drive Kelowna, BC
PROPERTY DETAILS Municipal Address:
1187 Sunset Drive, Kelowna, BC
Legal Description:
Lot 1, Plan KAP76304 LD 41 ODYD, District Lot 139
PID:
026-037-971
Site Area:
2.84 acres (123,710.4 sq ft)
Taxes (2014):
$97,389
Zoning:
C4 - Urban Centre Commercial
Encumbrances:
A number of registered covenants exist on title that relate to the development potential (available upon request)
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1187 Sunset Drive Kelowna, BC
NEIGHBOURHOOD NEIGHBOURHOOD INFLUENCES Kelowna’s Cultural District is located in downtown Kelowna and was once the centre of the Okanagan Fruit Packing industry. Now home to artists and performers, the Cultural District offers a variety of activities and experiences for residents and visitors. The Kelowna Community Theatre, Kelowna Art Gallery, Rotary Centre for the Arts, the main branch of the Kelowna Library (Okanagan Regional Library system), all four Kelowna Museums and other exciting cultural facilities are situated within the Cultural District. The area also houses an assortment of private galleries, restaurants and unique shops. The Cultural District promises experiences that appeal to every age and interest. Within the District’s eclectic six blocks, there are also 18 pieces of Public Art on display, created by local, regional, national and international artists.
Subject Property
Lake Okanagan
Prospera Place Home of the WHL Kelowna Rockets
Delta Grand Hotel
135 km long by 5 km wide 351 sq km with 270 km of shoreline, Home to the Ogopogo
Kelowna Art Gallery Kelowna Court House
Rotary Centre for the Arts
Sunplex Sports Arena Train Station Pub
Laurel Packinghouse
Kelowna Yacht Club Yacht Club Marina Largest Fresh-Water Marina in Canada
Kelowna Community Theatre Kelowna Regional Library
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1187 Sunset Drive Kelowna, BC
AERIAL VIEW
Subject Property - 1187 Sunset Drive, Kelowna, BC
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1187 Sunset Drive Kelowna, BC
ABOUT KELOWNA & AREA Kelowna is known for its world renowned skiing, golfing, wineries and is situated approximately 400 km northeast of Vancouver. Kelowna is considered the BC Interior regional hub and is the largest city in the Okanagan Valley with a population of 122,000 and over 127,000 people living within 10 kilometres of the subject property. The University of British Columbia Okanagan is located in Kelowna with over 8,300 students attending the facility annually and Kelowna’s International Airport is one of the fastest growing airports in Canada serving over 1.5 million passengers per year with over 65 daily flights.
DEMOGRAPHICS Total Population
0-3 kms
0-5 kms
0-7 kms
2013 Estimated
30,710
58,287
101,821
2018 Projected
33,798
63,245
110,381
Average Household Income
0-3 kms
0-5 kms
0-7 kms
2013 Estimated
$59,770
$70,016
$75,879
2018 Projected
$75,128
$86,723
$93,473
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1187 Sunset Drive Kelowna, BC
DISCLAIMER This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved.
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1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna
Consolidated Zoning Bylaw No. 8000
14.4
C4 – Urban Centre Commercial/ C4rls – Urban Centre Commercial (Retail Liquor Sales) C4lp – Urban Centre Commercial (Liquor Primary) C4lp/rls – Urban Centre Commercial (Liquor Primary/Retail Liquor Sales)
14.4.1
Purpose The purpose is to provide a zone for the development of community commercial centres to serve more than one neighbourhood.
14.4.2
Principal Uses The principal uses in this zone are: (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (p) (q) (r) (s) (t) (u) (v) (w) (x) (y) (z) (aa) (bb) (cc) (dd) (ee) (ff) (gg)
amusement arcades, major animal clinics, minor apartment hotels apartment housing boarding or lodging houses breweries and distilleries, minor broadcasting studios business support services child care centre, major commercial schools congregate housing custom indoor manufacturing emergency and protective services financial services food primary establishment funeral services gas bars government services group homes, major health services hotels liquor primary establishment, major (C4lp and C4lp/rls only) liquor primary establishment, minor motels multiple dwelling housing non-accessory parking offices participant recreation services, indoor personal service establishments private clubs public libraries and cultural exhibits recycled materials drop-off centres religious assemblies
Section 14 – Commercial Zones
Revised May 27, 2013
C4-1 C4rls-1 C4lp-1 C4lp/rls-1
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1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna (hh) (ii) (jj) (kk) (ll) (mm) (nn) (oo) (pp) 14.4.3
Consolidated Zoning Bylaw No. 8000 retail liquor sales establishment (C4rls and C4lp/rls only) retail stores, convenience retail stores, general spectator entertainment establishments supportive housing temporary shelter services thrift stores used goods stores utility services, minor impact
Secondary Uses The secondary uses in this zone are: (a) (b) (c) (d) (e)
14.4.4
14.4.5
agriculture, urban amusement arcades, minor [deleted] child care centre, minor home based businesses, minor
Subdivision Regulations (a)
The minimum lot width is 13.0 m, except it is 40.0 m if there is no abutting lane.
(b)
The minimum lot depth is 30.0 m.
(c)
The minimum lot area is 460 m², except it is 1300 m² if there is no abutting lane.
Development Regulations (a) Floor area ratio: 1. For developments having only commercial uses, the maximum floor area ratio is 1.0. 2. For mixed-use developments, the maximum floor area ratio is 1.3, except if one or more of the following bonuses apply, where the total maximum allowable floor area ratio with bonusing must not exceed 2.35: i. [deleted] ii. Where parking spaces are provided totally beneath habitable space of a principal building or beneath useable common amenity areas providing that in all cases, the parking spaces are screened from view, an amount may be added to the floor area ratio equal to 0.2 multiplied by the ratio of such parking spaces to the total required parking spaces, but in no case shall this amount exceed 0.2; iii. Where all required parking spaces are located below natural grade and where there is a co-op/ car sharing program provided, a bonus of 0.84 may be added to the floor area ratio. This density bonus is only applicable to properties located in the South Pandosy Urban Centre; and/or iv. Where in addition to the required open space, a publicly accessible public courtyard located at grade level and where a green roof is also provided, a bonus of 0.18 may be added to the floor area ratio.
Section 14 – Commercial Zones
Revised January 20, 2014
C4-2 C4rls-2 C4lp-2 C4lp/rls-2
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1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna
14.4.6
Consolidated Zoning Bylaw No. 8000
(b)
The maximum site coverage is 75%.
(c)
The maximum height is the lesser of 15.0 m or 4 storeys in the South Pandosy and Rutland Urban Centres. In the Springfield/Highway 97 Urban Centre, maximum height is the lesser of 15.0 m or 4 storeys, except that for hotels, apartment hotels and apartment housing it shall be the lesser of 37.0 m or 12 storeys. In all other areas, the maximum height shall be the lesser of 15.0 m or 4 storeys. For mixed-use developments located in Urban Centres, where parking is located entirely below natural grade and provides a co-op / car sharing program, and provides a public courtyard and green roof, the maximum building height shall be the lesser of 25.0 m or 7 storeys.
(d)
The minimum front yard is 0.0 m, except non-accessory parking shall have a landscaped buffer in accordance with Section 7.
(e)
The minimum side yard is 0.0m, except it is 2.0m where the site abuts a residential zone other than an RU1, RU2, RU3 or RU4 zone, in which case the minimum side yard is the greater of 4.5m or half the height of the building. From a flanking street the minimum side yard is 0.0m
(f)
The minimum rear yard is 0.0 m, except it is 6.0 m where abutting a residential zone.
Other Regulations (a)
Apartment housing and major group homes require access to grade separate from the commercial uses. In the case of elevator equipped buildings, uses can share elevators provided security measures are in place to restrict access to residential areas.
(b)
A minimum area of 6.0 m² of private open space shall be provided per bachelor dwelling, congregate housing bedroom or group home bedroom, 10.0 m² of private open space shall be provided per 1 bedroom dwelling, and 15.0 m² of private open space shall be provided per dwelling with more than 1 bedroom.
(c)
Drive-in food services shall only be permitted on properties fronting a provincial highway.
(d)
Financial services shall have a maximum total gross floor area of 500 m2 unless a larger branch of the Financial services establishment is located within the Downtown Urban Centre.
(e)
A building incorporating residential uses shall provide a functional commercial space on the first floor, which must occupy a minimum of 90% of all street frontages, OR a minimum of 75% on secondary street frontages provided 100% of the principal frontage has a functional commercial space. Access driveways or other portions of the street frontage not used as building will not be considered for the purpose of this calculation.
(f)
In addition to the regulations listed above, other regulations may apply. These include the general development regulations of Section 6 (accessory development, yards, projections into yards, accessory development, lighting, stream protection, etc.), the landscaping and fencing provisions of Section 7, the parking and loading regulations of Section 8, and the specific use regulations of Section 9.
Section 14 – Commercial Zones
Revised November 25, 2008
C4-3 C4rls-3 C4lp-3 C4lp/rls-2
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1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna
Consolidated Zoning Bylaw No. 8000
14.7
C7 – Central Business Commercial C7rls – Central Business Commercial (Retail Liquor Sales) C7lp – Central Business Commercial (Liquor Primary) C7lp/rls – Central Business Commercial (Liquor Primary/ Retail Liquor Sales)
14.7.1
Purpose The purpose is to designate and preserve land for the orderly development of the financial, retail and entertainment, governmental and cultural core of the Downtown, as well as the retail, entertainment and cultural core of Rutland, which shall provide for high density residential uses, and commercial uses.
14.7.2
Principal Uses The principal uses in this zone are: (a) amusement arcade, major (b) apartment housing (c) apartment hotels (d) boarding or lodging houses (e) breweries and distilleries, minor (f) broadcasting studios (g) business support services (h) child care centre, major (i) commercial schools (j) community recreational services (k) congregate housing (l) custom indoor manufacturing/artist’s studio (m) emergency and protective services (n) financial services (o) food primary establishment (p) funeral services (q) fleet services (r) gaming facilities (s) government services (t) health services (u) hotels (v) household repair services (w) liquor primary establishment, major (C7lp and C7lp/rls only) (x) liquor primary establishment, minor (y) multiple dwelling housing (z) non-accessory parking (aa) offices (bb) participant recreation services, indoor (cc) personal service establishments (dd) private clubs
Section 14 – Commercial Zones
Revised May 27, 2013
C7-1 C7rls-1 C7lp-1 C7lp/rls-1
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1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna
(ee) (ff) (gg) (hh) (ii) (jj) (kk) (ll) (mm) (nn) (oo) (pp) (qq) (qq) (rr) 14.7.3
Consolidated Zoning Bylaw No. 8000
private education services public education services public libraries and cultural exhibits public parks recycled materials drop-off centres retail liquor sales establishment (C7rls and C7lp/rls only) retail stores, convenience retail stores, general spectator entertainment establishments spectator sports establishments supportive housing temporary shelter services thrift stores used goods stores utility services, minor impact
Secondary Uses The secondary uses in this zone are: (a) (b) (c) (d)
14.7.4
Subdivision Regulations (a) (b) (c)
14.7.5
agriculture, urban amusement arcade, minor child care centre, minor home based businesses, minor
The minimum lot width is 6.0 m. The minimum lot depth is 30.0 m. The minimum lot area is 200 m².
Development Regulations (a)
(b) (c) (d) (e)
(f)
The maximum height is 22.0 m except in Area 1 and Area 2, as shown on C7 -Diagram A and Diagram C, attached to this bylaw. The maximum allowable height within Area 1 and Area 2, as shown on C7 - Diagram A and Diagram C attached to this bylaw, is 44.0 m. The minimum front yard is 0.0 m. The minimum side yard is 0.0 m. The minimum rear yard is 0.0 m. Any portion of a building above 15 metres in height must be a minimum of 3.0 m. from any property line abutting a street, as shown on C7 - Diagram B attached to this bylaw. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any portion of a building above 15.0 m in height must be a minimum of 4.0 m from any property line abutting another property as illustrated on C7 - Diagram B attached to this bylaw.
Section 14 – Commercial Zones
Revised January 20, 2014
C7-2 C7rls-2 C7lp-2 C7lp/rls-2
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1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna (g)
(h)
(i)
(j)
(k) (l)
Consolidated Zoning Bylaw No. 8000 Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any portion of a building above 15.0 m in height must lie within the prescribed line illustrated on C7 – Diagram B, attached to this bylaw. This line will start at the geodetic elevation 15.0 m above all property lines adjacent to a street, and be inclined at an angle of 80 degrees. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any floor plate situated above 15.0 m in height cannot exceed 676.0 m2, as illustrated on C7 - Diagram B attached to this bylaw. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any portion of a building above 15.0 m in height cannot exceed a continuous exterior horizontal dimension of 26.0 m, as illustrated on C7 – Diagram B attached to this bylaw. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any floor plate situated above 15.0 m in height cannot exceed a diagonal dimension of 39.0 m as illustrated on C7 – Diagram B attached to this bylaw. In reference to the provisions restricting building envelope, the F.A.R is 9.0. Any portion of a building above 22.0m in height must maintain a minimum setback of: (i) 15.0m from any property line abutting another property line. (ii) 10.0m from any property line abutting a lane. (iii) 30.0m between more than one tower on the same property. The above setbacks will be measured from the nearest exterior building face, exclusive of unenclosed balconies.
14.7.6
Other Regulations (a)
(b)
(c)
A minimum area of 6.0 m² of private open space shall be provided per bachelor dwelling, 10.0 m² of private open space shall be provided per 1 bedroom dwelling, and 15.0 m² of private open space shall be provided per dwelling with more than 1 bedroom. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, a supplemental floor area of 5% can be added to any floor area above 15.0 m in height provided the floor dimensions comply with all other provisions set out in the C7 zone. The supplemental area can only be added to the floor used as the basis for the calculation and shall be based on gross floor area of that floor. In addition to the regulations listed above, other regulations may apply. These include the general development regulations of Section 6 (accessory development, yards, projections into yards, accessory development, lighting, stream protection, etc.), the landscaping and fencing provisions of Section 7, the parking and loading regulations of Section 8, and the specific use regulations of Section 9.
Section 14 – Commercial Zones
Revised November 14, 2011
C7-3 C7rls-3 C7lp-3 C7lp/rls-3
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1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna
Consolidated Zoning Bylaw No. 8000
(d)
All buildings along an identified “Retail Corridor”, as shown on C7 – Diagram A, attached to this bylaw, shall provide a functional, retail commercial space on the first floor, which must occupy a minimum of 90% of the street frontage.
(e)
Drive-in food services are not a permitted form of development in this zone.
(f)
Financial services in the Rutland Urban Centre shall have a maximum total gross floor area of 500 m2 unless a larger branch of the Financial services establishment is located within the Downtown Urban Centre.
(f)
All development within the C7 zone must provide an active commercial or residential use at-grade along all street frontages (e.g. retail, office space, ground-orientated residential units), which must occupy a minimum of 90% of the street frontages, OR a minimum of 75% on secondary street frontages provided 100% of the principal frontage has an active commercial or residential space. Access driveways and other portions of the street frontage not used as building will not be considered for the purpose of this calculation.
(g)
Within Area 3, as shown on C7 – Diagram A, attached to this bylaw, buildings less than or equal to 15.0m in height shall not be required to meet the vehicle parking space requirements of Section 8.1 of this Bylaw. Any buildings greater than 15.0m in height shall fully conform to Section 8.1.
Section 14 – Commercial Zones
Revised November 14, 2011
C7-3a C7rls-3a C7lp-3a C7lp/rls-3a
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1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - TITLE TITLE SEARCH PRINT Requestor: Wendy Dyck Folio/File Reference: JEFF
2014-11-28, 11:06:06
**CURRENT INFORMATION ONLY - NO CANCELLED INFORMATION SHOWN** Land Title District Land Title Office
KAMLOOPS KAMLOOPS
Title Number From Title Number
LA115722 LA11940
Application Received
2006-08-18
Application Entered
2006-08-28
Registered Owner in Fee Simple Registered Owner/Mailing Address:
Taxation Authority
SUNSET DRIVE PROPERTIES LTD., INC.NO. BC0746329 2010 - 1055 WEST GEORGIA STREET VANCOUVER, BC V6E 3P3
CITY OF KELOWNA
Description of Land Parcel Identifier: 026-037-971 Legal Description: LOT 1 DISTRICT LOT 139 OSOYOOS DIVISION YALE DISTRICT PLAN KAP76304 Legal Notations THIS TITLE MAY BE AFFECTED BY A PERMIT UNDER PART 26 OF THE LOCAL GOVERNMENT ACT, SEE KP80414 THIS TITLE MAY BE AFFECTED BY A PERMIT UNDER PART 26 OF THE LOCAL GOVERNMENT ACT, SEE LB9712 THIS TITLE MAY BE AFFECTED BY A PERMIT UNDER PART 26 OF THE LOCAL GOVERNMENT ACT, SEE LB9713 Charges, Liens and Interests Nature: Registration Number: Registration Date and Time: Registered Owner: Remarks:
Title Number: LA115722
STATUTORY RIGHT OF WAY KJ11765 1995-02-14 09:31 CITY OF KELOWNA AS TO PART FORMER LOT F PLAN 33137
Title Search Print
Page 1 of 2
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1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - TITLE TITLE SEARCH PRINT Requestor: Wendy Dyck Folio/File Reference: JEFF Nature: Registration Number: Registration Date and Time: Registered Owner:
Remarks: Nature: Registration Number: Registration Date and Time: Registered Owner:
Remarks: Nature: Registration Number: Registration Date and Time: Registered Owner:
2014-11-28, 11:06:06
COVENANT KR28514 2001-03-30 14:54 CITY OF KELOWNA THE CROWN IN RIGHT OF BRITISH COLUMBIA C/O THE MINISTRY OF ENVIRONMENT, LANDS AND PARKS AS TO PART FORMER LOT 8 PLAN KAP68693 COVENANT KR28515 2001-03-30 14:54 CITY OF KELOWNA THE CROWN IN RIGHT OF BRITISH COLUMBIA C/O THE MINISTRY OF ENVIRONMENT, LANDS AND PARKS AS TO PART FORMER LOT 9 PLAN KAP68693
Remarks:
COVENANT KR28519 2001-03-30 14:54 CITY OF KELOWNA THE CROWN IN RIGHT OF BRITISH COLUMBIA C/O THE MINISTRY OF ENVIRONMENT, LANDS AND PARKS AS TO PART FORMER LOT 10 PLAN KAP68693
Nature: Registration Number: Registration Date and Time: Registered Owner:
COVENANT LA11939 2006-01-26 14:39 CITY OF KELOWNA
Nature: Registration Number: Registration Date and Time: Registered Owner:
MORTGAGE CA172555 2006-02-07 11:10 0746117 B.C. LTD. INCORPORATION NO. 0746117
Duplicate Indefeasible Title
NONE OUTSTANDING
Transfers
NONE
Pending Applications
NONE
Title Number: LA115722
Title Search Print
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JEFF HUDSON* +1 250 861 8108 [email protected] *Personal Real Estate Corporation
MARSHALL MCANERNEY* +1 250 763 2300 [email protected] *Personal Real Estate Corporation
COLLIERS INTERNATIONAL Centre Group Commercial Realty 304-546 Leon Avenue Kelowna, BC V1Y 6J6 +1 250 763 2300 www.collierscanada.com
Prepared by:
JEFF HUDSON* Investment Sales Division | Interior BC *Personal Real Estate Corporation MARSHALL MCANERNEY* Investment Sales Division | Interior BC *Personal Real Estate Corporation
1187 Sunset Drive Kelowna, BC
TABLE OF CONTENTS Property Highlights................................................................................................................................................... 3 Location..................................................................................................................................................................... 4 Market Overview ...................................................................................................................................................... 5 Property Details ........................................................................................................................................................ 6 Neighbourhood ......................................................................................................................................................... 7 Aerial View ............................................................................................................................................................... 8 About Kelowna & Area ............................................................................................................................................. 9 Disclaimer ................................................................................................................................................................10 Appendix Documents............................................................................................................................................... 11
Zoning Title
1187 Sunset Drive Kelowna, BC
PROPERTY HIGHLIGHTS KEY HIGHLIGHTS Location:
1 block from Lake Okanagan/Waterfront Park, directly across from the 6,500 seat Prospera Place Arena, home to Kelowna Rockets Major Junior Hockey
Zoning
Currently C4 Commercial (suitable for commercial & residential), with a wide variety of Permitted uses
OCP:
Commercial/Residential, within the Downtown City Centre: 1 of only 5 urban centres to support high-density development (City of Kelowna’s Planning Department has indicated it would likely support rezoning to C7 - which has a much higher FAR and allows for mixed-use development
Transportation: Clement Ave is a main arterial corridor which channels traffic East-West and is planned for future widening to accommodate the forecasted growth in the area
Public transit comes right by the subject and the Queensway Transit loop is moments away, with service to Kelowna International Airport and UBC Okanagan
OPPORTUNITY The Subject is a 2.84 acre site and best suited towards high-density development and has already been pre-loaded for a 20 storey tower. Overall, the site is flat and ideal for building, with essential services to the lot line. Previously, a mixed-use development centering on an international branded hotel was approved. DP05-0143 was approved by Council on October 18, 2005 but has since expired. Discussions with City’s Planning Department have yielded a willingness to consider all developments, including those which may not have to incorporate a Hotel as part of the overall design. List Price:
$11,500,000 ($28.84/buildable sq.ft. based on FAR of 3.22, referenced above) $46.48/buildable sq ft (FAR of 2.0) $30.99/buildable sq ft (FAR of 3.0) $23.24/buildable sq ft (FAR of 4.0)
OFFERING PROCESS Prospective Purchasers are invited to submit Offers to Purchase the Property through Colliers for consideration by the Vendor. Any Offer to Purchase the Property (the “Offer”) is to be submitted to Colliers on either the Vendors Offer to Purchase form or such other form selected by prospective Purchasers.
P. 3
1187 Sunset Drive Kelowna, BC
LOCATION LOCATION The subject property at 1187 Sunset Drive boasts a highly desirable location in Central Kelowna. This prime location is in the heart of the emerging Cultural District and is within easy walking distance to the waterfront, restaurants and amenities including Prospera Place (6,886 – seat multi-purpose concert and sports arena), the Rotary Centre for the Arts (325 – seat auditorium and arts centre), as well as civic, art and cultural properties.
Urbansquare.ca Farmers Market (proposed) Kings Stadium Home of the Kelowna Falcons
Starkhund Brewery
Sandhill Winery New RCMP Detachment
Subject Property Rotary Centre for the Arts
Prospera Place
Kelowna Regional Library
Kelowna Art Gallery Delta Grand Hotel
Kelowna Yacht Club
Okanagan Centre for Innovation
Kelowna Community Theatre
Proposed 207 Units w/ Retail
Kelowna City Hall
Proposed Westcorp Hotel
Tugboat Bay
P. 4
1187 Sunset Drive Kelowna, BC
MARKET OVERVIEW MARKET CONDITIONS In 2014, Kelowna’s marketplace has seen healthy gains in average sales price (up $30,000 over 2013) and sales volumes are up as well. Inventories are down which is helping Kelowna prices rise and the Fall 2014 CMHC Housing Market Outlook for Kelowna forecasts a modest increase in house pricing thru 2016. The Rental apartment vacancy rate has decreased from 4.0% in 2013 down to 1.8% and is forecast to edge lower to 1.5% in 2015. • Total Housing Starts YTD have increased 45% (up to 747 in 2014) (Source: CMHC) • YTD Median House Sale Price has increased $30,000; from $420,000 (2013) to $450,000 (2014) (Source: OMREB) • Total residential sales increased 25% in August, 2014 compared to 2013 (Source: OMREB)
Consumer interest and development in the Downtown is continuing to grow with major projects planned or currently under construction, including: • • • • • • • • • • •
Okanagan Centre for Innovation - 6 storey office building next to the library ($35 million)* Kelowna Yacht Club - Magnificent 2 storey building overlooking the largest fresh water marina in Canada ($10 million)* Westcorp Hotel - Proposed 26 storey boutique hotel at the foot of Bernard Ave ($65 million)* Central Green - 6 acre site at Hwy 97 N and Richter, 700 to 800 residential units plus commercial space (LEED certified) Interior Health Building - 5 storeys, 150,000 square feet, Doyle & Ellis ($50 million)* Library Parkade Expansion - construction to start in 2015, 190 new stalls ($6.5 million)* Ellis Parkade - bringing 440 stalls to the area early in 2016 ($14.8 million)* New RCMP Detatchment - Clement Ave, 2 blocks east of subject ($36 million)* Urbansquare.ca - Proposed redevelopment for a year round public market and several towers Starkhund Brewery - 58,000 sf state-of-the-art facility 4 blocks east of subject Sandhill Winery Tasting Room - Newly developed tasting room 3 blocks east of subject ($5 million)*
With so much going on and so many great amenities nearby, Downtown Kelowna is a smart place to develop right now. 1187 Sunset is arguably the most significant development site left in the Downtown.
* construction value
P. 5
1187 Sunset Drive Kelowna, BC
PROPERTY DETAILS Municipal Address:
1187 Sunset Drive, Kelowna, BC
Legal Description:
Lot 1, Plan KAP76304 LD 41 ODYD, District Lot 139
PID:
026-037-971
Site Area:
2.84 acres (123,710.4 sq ft)
Taxes (2014):
$97,389
Zoning:
C4 - Urban Centre Commercial
Encumbrances:
A number of registered covenants exist on title that relate to the development potential (available upon request)
P. 6
1187 Sunset Drive Kelowna, BC
NEIGHBOURHOOD NEIGHBOURHOOD INFLUENCES Kelowna’s Cultural District is located in downtown Kelowna and was once the centre of the Okanagan Fruit Packing industry. Now home to artists and performers, the Cultural District offers a variety of activities and experiences for residents and visitors. The Kelowna Community Theatre, Kelowna Art Gallery, Rotary Centre for the Arts, the main branch of the Kelowna Library (Okanagan Regional Library system), all four Kelowna Museums and other exciting cultural facilities are situated within the Cultural District. The area also houses an assortment of private galleries, restaurants and unique shops. The Cultural District promises experiences that appeal to every age and interest. Within the District’s eclectic six blocks, there are also 18 pieces of Public Art on display, created by local, regional, national and international artists.
Subject Property
Lake Okanagan
Prospera Place Home of the WHL Kelowna Rockets
Delta Grand Hotel
135 km long by 5 km wide 351 sq km with 270 km of shoreline, Home to the Ogopogo
Kelowna Art Gallery Kelowna Court House
Rotary Centre for the Arts
Sunplex Sports Arena Train Station Pub
Laurel Packinghouse
Kelowna Yacht Club Yacht Club Marina Largest Fresh-Water Marina in Canada
Kelowna Community Theatre Kelowna Regional Library
P. 7
1187 Sunset Drive Kelowna, BC
AERIAL VIEW
Subject Property - 1187 Sunset Drive, Kelowna, BC
P. 8
1187 Sunset Drive Kelowna, BC
ABOUT KELOWNA & AREA Kelowna is known for its world renowned skiing, golfing, wineries and is situated approximately 400 km northeast of Vancouver. Kelowna is considered the BC Interior regional hub and is the largest city in the Okanagan Valley with a population of 122,000 and over 127,000 people living within 10 kilometres of the subject property. The University of British Columbia Okanagan is located in Kelowna with over 8,300 students attending the facility annually and Kelowna’s International Airport is one of the fastest growing airports in Canada serving over 1.5 million passengers per year with over 65 daily flights.
DEMOGRAPHICS Total Population
0-3 kms
0-5 kms
0-7 kms
2013 Estimated
30,710
58,287
101,821
2018 Projected
33,798
63,245
110,381
Average Household Income
0-3 kms
0-5 kms
0-7 kms
2013 Estimated
$59,770
$70,016
$75,879
2018 Projected
$75,128
$86,723
$93,473
P. 9
1187 Sunset Drive Kelowna, BC
DISCLAIMER This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved.
P. 10
1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna
Consolidated Zoning Bylaw No. 8000
14.4
C4 – Urban Centre Commercial/ C4rls – Urban Centre Commercial (Retail Liquor Sales) C4lp – Urban Centre Commercial (Liquor Primary) C4lp/rls – Urban Centre Commercial (Liquor Primary/Retail Liquor Sales)
14.4.1
Purpose The purpose is to provide a zone for the development of community commercial centres to serve more than one neighbourhood.
14.4.2
Principal Uses The principal uses in this zone are: (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (p) (q) (r) (s) (t) (u) (v) (w) (x) (y) (z) (aa) (bb) (cc) (dd) (ee) (ff) (gg)
amusement arcades, major animal clinics, minor apartment hotels apartment housing boarding or lodging houses breweries and distilleries, minor broadcasting studios business support services child care centre, major commercial schools congregate housing custom indoor manufacturing emergency and protective services financial services food primary establishment funeral services gas bars government services group homes, major health services hotels liquor primary establishment, major (C4lp and C4lp/rls only) liquor primary establishment, minor motels multiple dwelling housing non-accessory parking offices participant recreation services, indoor personal service establishments private clubs public libraries and cultural exhibits recycled materials drop-off centres religious assemblies
Section 14 – Commercial Zones
Revised May 27, 2013
C4-1 C4rls-1 C4lp-1 C4lp/rls-1
P. 11
1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna (hh) (ii) (jj) (kk) (ll) (mm) (nn) (oo) (pp) 14.4.3
Consolidated Zoning Bylaw No. 8000 retail liquor sales establishment (C4rls and C4lp/rls only) retail stores, convenience retail stores, general spectator entertainment establishments supportive housing temporary shelter services thrift stores used goods stores utility services, minor impact
Secondary Uses The secondary uses in this zone are: (a) (b) (c) (d) (e)
14.4.4
14.4.5
agriculture, urban amusement arcades, minor [deleted] child care centre, minor home based businesses, minor
Subdivision Regulations (a)
The minimum lot width is 13.0 m, except it is 40.0 m if there is no abutting lane.
(b)
The minimum lot depth is 30.0 m.
(c)
The minimum lot area is 460 m², except it is 1300 m² if there is no abutting lane.
Development Regulations (a) Floor area ratio: 1. For developments having only commercial uses, the maximum floor area ratio is 1.0. 2. For mixed-use developments, the maximum floor area ratio is 1.3, except if one or more of the following bonuses apply, where the total maximum allowable floor area ratio with bonusing must not exceed 2.35: i. [deleted] ii. Where parking spaces are provided totally beneath habitable space of a principal building or beneath useable common amenity areas providing that in all cases, the parking spaces are screened from view, an amount may be added to the floor area ratio equal to 0.2 multiplied by the ratio of such parking spaces to the total required parking spaces, but in no case shall this amount exceed 0.2; iii. Where all required parking spaces are located below natural grade and where there is a co-op/ car sharing program provided, a bonus of 0.84 may be added to the floor area ratio. This density bonus is only applicable to properties located in the South Pandosy Urban Centre; and/or iv. Where in addition to the required open space, a publicly accessible public courtyard located at grade level and where a green roof is also provided, a bonus of 0.18 may be added to the floor area ratio.
Section 14 – Commercial Zones
Revised January 20, 2014
C4-2 C4rls-2 C4lp-2 C4lp/rls-2
P. 12
1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna
14.4.6
Consolidated Zoning Bylaw No. 8000
(b)
The maximum site coverage is 75%.
(c)
The maximum height is the lesser of 15.0 m or 4 storeys in the South Pandosy and Rutland Urban Centres. In the Springfield/Highway 97 Urban Centre, maximum height is the lesser of 15.0 m or 4 storeys, except that for hotels, apartment hotels and apartment housing it shall be the lesser of 37.0 m or 12 storeys. In all other areas, the maximum height shall be the lesser of 15.0 m or 4 storeys. For mixed-use developments located in Urban Centres, where parking is located entirely below natural grade and provides a co-op / car sharing program, and provides a public courtyard and green roof, the maximum building height shall be the lesser of 25.0 m or 7 storeys.
(d)
The minimum front yard is 0.0 m, except non-accessory parking shall have a landscaped buffer in accordance with Section 7.
(e)
The minimum side yard is 0.0m, except it is 2.0m where the site abuts a residential zone other than an RU1, RU2, RU3 or RU4 zone, in which case the minimum side yard is the greater of 4.5m or half the height of the building. From a flanking street the minimum side yard is 0.0m
(f)
The minimum rear yard is 0.0 m, except it is 6.0 m where abutting a residential zone.
Other Regulations (a)
Apartment housing and major group homes require access to grade separate from the commercial uses. In the case of elevator equipped buildings, uses can share elevators provided security measures are in place to restrict access to residential areas.
(b)
A minimum area of 6.0 m² of private open space shall be provided per bachelor dwelling, congregate housing bedroom or group home bedroom, 10.0 m² of private open space shall be provided per 1 bedroom dwelling, and 15.0 m² of private open space shall be provided per dwelling with more than 1 bedroom.
(c)
Drive-in food services shall only be permitted on properties fronting a provincial highway.
(d)
Financial services shall have a maximum total gross floor area of 500 m2 unless a larger branch of the Financial services establishment is located within the Downtown Urban Centre.
(e)
A building incorporating residential uses shall provide a functional commercial space on the first floor, which must occupy a minimum of 90% of all street frontages, OR a minimum of 75% on secondary street frontages provided 100% of the principal frontage has a functional commercial space. Access driveways or other portions of the street frontage not used as building will not be considered for the purpose of this calculation.
(f)
In addition to the regulations listed above, other regulations may apply. These include the general development regulations of Section 6 (accessory development, yards, projections into yards, accessory development, lighting, stream protection, etc.), the landscaping and fencing provisions of Section 7, the parking and loading regulations of Section 8, and the specific use regulations of Section 9.
Section 14 – Commercial Zones
Revised November 25, 2008
C4-3 C4rls-3 C4lp-3 C4lp/rls-2
P. 13
1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna
Consolidated Zoning Bylaw No. 8000
14.7
C7 – Central Business Commercial C7rls – Central Business Commercial (Retail Liquor Sales) C7lp – Central Business Commercial (Liquor Primary) C7lp/rls – Central Business Commercial (Liquor Primary/ Retail Liquor Sales)
14.7.1
Purpose The purpose is to designate and preserve land for the orderly development of the financial, retail and entertainment, governmental and cultural core of the Downtown, as well as the retail, entertainment and cultural core of Rutland, which shall provide for high density residential uses, and commercial uses.
14.7.2
Principal Uses The principal uses in this zone are: (a) amusement arcade, major (b) apartment housing (c) apartment hotels (d) boarding or lodging houses (e) breweries and distilleries, minor (f) broadcasting studios (g) business support services (h) child care centre, major (i) commercial schools (j) community recreational services (k) congregate housing (l) custom indoor manufacturing/artist’s studio (m) emergency and protective services (n) financial services (o) food primary establishment (p) funeral services (q) fleet services (r) gaming facilities (s) government services (t) health services (u) hotels (v) household repair services (w) liquor primary establishment, major (C7lp and C7lp/rls only) (x) liquor primary establishment, minor (y) multiple dwelling housing (z) non-accessory parking (aa) offices (bb) participant recreation services, indoor (cc) personal service establishments (dd) private clubs
Section 14 – Commercial Zones
Revised May 27, 2013
C7-1 C7rls-1 C7lp-1 C7lp/rls-1
P. 14
1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna
(ee) (ff) (gg) (hh) (ii) (jj) (kk) (ll) (mm) (nn) (oo) (pp) (qq) (qq) (rr) 14.7.3
Consolidated Zoning Bylaw No. 8000
private education services public education services public libraries and cultural exhibits public parks recycled materials drop-off centres retail liquor sales establishment (C7rls and C7lp/rls only) retail stores, convenience retail stores, general spectator entertainment establishments spectator sports establishments supportive housing temporary shelter services thrift stores used goods stores utility services, minor impact
Secondary Uses The secondary uses in this zone are: (a) (b) (c) (d)
14.7.4
Subdivision Regulations (a) (b) (c)
14.7.5
agriculture, urban amusement arcade, minor child care centre, minor home based businesses, minor
The minimum lot width is 6.0 m. The minimum lot depth is 30.0 m. The minimum lot area is 200 m².
Development Regulations (a)
(b) (c) (d) (e)
(f)
The maximum height is 22.0 m except in Area 1 and Area 2, as shown on C7 -Diagram A and Diagram C, attached to this bylaw. The maximum allowable height within Area 1 and Area 2, as shown on C7 - Diagram A and Diagram C attached to this bylaw, is 44.0 m. The minimum front yard is 0.0 m. The minimum side yard is 0.0 m. The minimum rear yard is 0.0 m. Any portion of a building above 15 metres in height must be a minimum of 3.0 m. from any property line abutting a street, as shown on C7 - Diagram B attached to this bylaw. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any portion of a building above 15.0 m in height must be a minimum of 4.0 m from any property line abutting another property as illustrated on C7 - Diagram B attached to this bylaw.
Section 14 – Commercial Zones
Revised January 20, 2014
C7-2 C7rls-2 C7lp-2 C7lp/rls-2
P. 15
1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna (g)
(h)
(i)
(j)
(k) (l)
Consolidated Zoning Bylaw No. 8000 Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any portion of a building above 15.0 m in height must lie within the prescribed line illustrated on C7 – Diagram B, attached to this bylaw. This line will start at the geodetic elevation 15.0 m above all property lines adjacent to a street, and be inclined at an angle of 80 degrees. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any floor plate situated above 15.0 m in height cannot exceed 676.0 m2, as illustrated on C7 - Diagram B attached to this bylaw. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any portion of a building above 15.0 m in height cannot exceed a continuous exterior horizontal dimension of 26.0 m, as illustrated on C7 – Diagram B attached to this bylaw. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any floor plate situated above 15.0 m in height cannot exceed a diagonal dimension of 39.0 m as illustrated on C7 – Diagram B attached to this bylaw. In reference to the provisions restricting building envelope, the F.A.R is 9.0. Any portion of a building above 22.0m in height must maintain a minimum setback of: (i) 15.0m from any property line abutting another property line. (ii) 10.0m from any property line abutting a lane. (iii) 30.0m between more than one tower on the same property. The above setbacks will be measured from the nearest exterior building face, exclusive of unenclosed balconies.
14.7.6
Other Regulations (a)
(b)
(c)
A minimum area of 6.0 m² of private open space shall be provided per bachelor dwelling, 10.0 m² of private open space shall be provided per 1 bedroom dwelling, and 15.0 m² of private open space shall be provided per dwelling with more than 1 bedroom. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, a supplemental floor area of 5% can be added to any floor area above 15.0 m in height provided the floor dimensions comply with all other provisions set out in the C7 zone. The supplemental area can only be added to the floor used as the basis for the calculation and shall be based on gross floor area of that floor. In addition to the regulations listed above, other regulations may apply. These include the general development regulations of Section 6 (accessory development, yards, projections into yards, accessory development, lighting, stream protection, etc.), the landscaping and fencing provisions of Section 7, the parking and loading regulations of Section 8, and the specific use regulations of Section 9.
Section 14 – Commercial Zones
Revised November 14, 2011
C7-3 C7rls-3 C7lp-3 C7lp/rls-3
P. 16
1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - ZONING City of Kelowna
Consolidated Zoning Bylaw No. 8000
(d)
All buildings along an identified “Retail Corridor”, as shown on C7 – Diagram A, attached to this bylaw, shall provide a functional, retail commercial space on the first floor, which must occupy a minimum of 90% of the street frontage.
(e)
Drive-in food services are not a permitted form of development in this zone.
(f)
Financial services in the Rutland Urban Centre shall have a maximum total gross floor area of 500 m2 unless a larger branch of the Financial services establishment is located within the Downtown Urban Centre.
(f)
All development within the C7 zone must provide an active commercial or residential use at-grade along all street frontages (e.g. retail, office space, ground-orientated residential units), which must occupy a minimum of 90% of the street frontages, OR a minimum of 75% on secondary street frontages provided 100% of the principal frontage has an active commercial or residential space. Access driveways and other portions of the street frontage not used as building will not be considered for the purpose of this calculation.
(g)
Within Area 3, as shown on C7 – Diagram A, attached to this bylaw, buildings less than or equal to 15.0m in height shall not be required to meet the vehicle parking space requirements of Section 8.1 of this Bylaw. Any buildings greater than 15.0m in height shall fully conform to Section 8.1.
Section 14 – Commercial Zones
Revised November 14, 2011
C7-3a C7rls-3a C7lp-3a C7lp/rls-3a
P. 17
1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - TITLE TITLE SEARCH PRINT Requestor: Wendy Dyck Folio/File Reference: JEFF
2014-11-28, 11:06:06
**CURRENT INFORMATION ONLY - NO CANCELLED INFORMATION SHOWN** Land Title District Land Title Office
KAMLOOPS KAMLOOPS
Title Number From Title Number
LA115722 LA11940
Application Received
2006-08-18
Application Entered
2006-08-28
Registered Owner in Fee Simple Registered Owner/Mailing Address:
Taxation Authority
SUNSET DRIVE PROPERTIES LTD., INC.NO. BC0746329 2010 - 1055 WEST GEORGIA STREET VANCOUVER, BC V6E 3P3
CITY OF KELOWNA
Description of Land Parcel Identifier: 026-037-971 Legal Description: LOT 1 DISTRICT LOT 139 OSOYOOS DIVISION YALE DISTRICT PLAN KAP76304 Legal Notations THIS TITLE MAY BE AFFECTED BY A PERMIT UNDER PART 26 OF THE LOCAL GOVERNMENT ACT, SEE KP80414 THIS TITLE MAY BE AFFECTED BY A PERMIT UNDER PART 26 OF THE LOCAL GOVERNMENT ACT, SEE LB9712 THIS TITLE MAY BE AFFECTED BY A PERMIT UNDER PART 26 OF THE LOCAL GOVERNMENT ACT, SEE LB9713 Charges, Liens and Interests Nature: Registration Number: Registration Date and Time: Registered Owner: Remarks:
Title Number: LA115722
STATUTORY RIGHT OF WAY KJ11765 1995-02-14 09:31 CITY OF KELOWNA AS TO PART FORMER LOT F PLAN 33137
Title Search Print
Page 1 of 2
P. 18
1187 Sunset Drive Kelowna, BC
APPENDIX DOCUMENTS - TITLE TITLE SEARCH PRINT Requestor: Wendy Dyck Folio/File Reference: JEFF Nature: Registration Number: Registration Date and Time: Registered Owner:
Remarks: Nature: Registration Number: Registration Date and Time: Registered Owner:
Remarks: Nature: Registration Number: Registration Date and Time: Registered Owner:
2014-11-28, 11:06:06
COVENANT KR28514 2001-03-30 14:54 CITY OF KELOWNA THE CROWN IN RIGHT OF BRITISH COLUMBIA C/O THE MINISTRY OF ENVIRONMENT, LANDS AND PARKS AS TO PART FORMER LOT 8 PLAN KAP68693 COVENANT KR28515 2001-03-30 14:54 CITY OF KELOWNA THE CROWN IN RIGHT OF BRITISH COLUMBIA C/O THE MINISTRY OF ENVIRONMENT, LANDS AND PARKS AS TO PART FORMER LOT 9 PLAN KAP68693
Remarks:
COVENANT KR28519 2001-03-30 14:54 CITY OF KELOWNA THE CROWN IN RIGHT OF BRITISH COLUMBIA C/O THE MINISTRY OF ENVIRONMENT, LANDS AND PARKS AS TO PART FORMER LOT 10 PLAN KAP68693
Nature: Registration Number: Registration Date and Time: Registered Owner:
COVENANT LA11939 2006-01-26 14:39 CITY OF KELOWNA
Nature: Registration Number: Registration Date and Time: Registered Owner:
MORTGAGE CA172555 2006-02-07 11:10 0746117 B.C. LTD. INCORPORATION NO. 0746117
Duplicate Indefeasible Title
NONE OUTSTANDING
Transfers
NONE
Pending Applications
NONE
Title Number: LA115722
Title Search Print
Page 2 of 2
P. 19
JEFF HUDSON* +1 250 861 8108 [email protected] *Personal Real Estate Corporation
MARSHALL MCANERNEY* +1 250 763 2300 [email protected] *Personal Real Estate Corporation
COLLIERS INTERNATIONAL Centre Group Commercial Realty 304-546 Leon Avenue Kelowna, BC V1Y 6J6 +1 250 763 2300 www.collierscanada.com
