https://www.city2cityrealty.com
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna
Kelowna
Vacant Land
$2,299,900
For sale
0 BEDS
0 BATHS

REQUEST DETAILS

Description

HUGE VALUE IN THE LAND, OFFERED AT OVER $750,000 UNDER ASSESSED VALUE. Development Opportunity offered at under $130 per sq ft for land. This location in the Capri-Landmark neighbourhood is near Gordon Drive, and Springfield Road. This area is an employment hub and an opportunity for development. The blueprint for the Capri-Landmark Urban Centre Plan includes: 1. Strategic Redevelopment: guidelines include the placement of parks, public spaces & a vibrant urban centre. 2. High-Density Living: Capri-Landmark is poised to evolve from predominantly single-family residences to a high-density housing hub. Imagine modern apartments, bustling commercial spaces & improved transportation networks converging in one dynamic locale. This lot may be able to accommodate 10 units X 3 bedrooms with rooftop patios, according to IH Design (see attached, buyer to do own due diligence). Immense potential here! BC Assessment Value for 1402 Inkar Rd: $1,772,000; for 1404 Inkar: $1,291,000. Total is $3,063,000, list price is WAY under assessed value. Ask for our construction quote available from Vision 1 Steel Corporation for pre-fab build costs of approx $165 per sq ft.

General Info

10321946
0
0.41 ac|under 1 acre
Mortgage Calculator
Purchase Amount $ 2,299,900
Down Payment
Interest Rate
Payment Interval:
Mortgage Term (Years)

Similar Properties

$1,388,000
LOT 1 CHIMNEY LAKE ROAD
0.41 ac|under 1 acre
2821 Ortona Rd
0.41 ac|under 1 acre
$1,600,000
877 Newport Ave
3 BEDS 3 BATHS 0.41 ac|under 1 acre
$2,399,000
5649 Cosens Bay Road Unit# 13
0.41 ac|under 1 acre
202 9453 120st  Delta BC,Delta
CITY 2 CITY REAL ESTATE SERVICES
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna
Disclaimer: The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.