2850 McCurdy Road

For Sale | Development Land | ± 670,824 SQFT | $6,495,000
Overview

This is a prime opportunity to acquire a centrally located 15.4-acre, flat greenfield site. The property is located on the Northwest corner of McCurdy and Highway 97. Directly to the south are large popular industrial and service-related amenities, such as Banner, M&M Performance, Harley Davidson, Kelowna Powersports, Gescan, and to the east is the McCurdy Corner Shopping/Service/Entertainment complex. Having single ownership since 1947, the property remains one of the largest plots of highway-oriented land left in central Kelowna that is in close proximity to existing commercial/industrial/retail land uses. The property is near agricultural, natural open space and industrial areas, with very favorable water rights in place for agriculture as Mill Creek runs through the northwest corner of the property. City services are capped off right near the property line on McCurdy Rd. The property is currently within the ALR, but for owners with long term vision, this property could be a logical candidate for ALR exclusion. It is a one-of-a-kind location due to its highway proximity. The property is priced to sell as an agricultural opportunity but with very intriguing long-term potential.

McCurdy Business Park

Located just Northeast of Highway 97, across from McCurdy Business Park at the base of Mount Baldy. The property is also very close to the Dilworth Mountain neighbourhood which is a short 10 minute commute to downtown Kelowna. Developed in the early 1990’s, Dilworth Mountain has evolved over the last 30 years and now offers a variety of housing forms. The more mature areas of this neighbourhood consist of multi-million dollar single family homes and gated communities, while the newer areas have seen more recent development of townhomes and mid-rise condominiums. Close proximity to amenities and commercial districts, as well as slope-side mountain/lake views make Dilworth Mountain a highly desirable destination for homeowners and renters alike.

The property is also adjacent to the proposed Terreno development site located just Northwest of the subject site and contemplates a phased development consisting of townhomes and purpose built rental housing. The project would require the developer to extend McCurdy Road up the hillside, connecting it, and the services to Mount Baldy Dr. McCurdy Rd runs East-West and is a major thoroughfare leading towards the Rutland Urban Centre which has been identified in the 2040 OCP for future growth density and parkland to support a complete community. As Kelowna continues to grow, and these areas surrounding the Property densify, the potential for this site could extend beyond its current designation.

Details
Status

For Sale

Address

2850 McCurdy Road, Kelowna,
Canada

Size

± 670,824 SQFT

Type

Development Land

Price

$6,495,000

Property Taxes

$5,784.65

PID

027-015-181

Zoning

A1

Legal Description

LOT B DISTRICT LOT 124 OSOYOOS DIVISION YALE DISTRICT PLAN KAP83361 SEE PLAN AS TO LIMITED ACCESS

Location

The subject property has significant highway exposure and accessibility, and is also adjacent to the very popular Okanagan Rail Trail which connects downtown Kelowna to Lake Country, and will soon extend out as far as the North end of Kalamalka Lake (just South of Vernon). It is located directly across from the McCurdy Business Park at the bottom of Mount Baldy and Dilworth Mountain next to Mill Creek.


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Jeff Brown
Jeff Brown

Managing Director, BC Interior

Jeff Hancock
Jeff Hancock

Personal Real Estate Corporation

Commercial Sales & Leasing

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This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.