1402 / 1404 Inkar Road Lot# 1 & 2

1402 / 1404 Inkar Road Lot# 1 & 2 Kelowna

$2,299,900
City:
Kelowna
Prop. Type:
Single Family
MLS® Num:
N/A
Status:
N/A
Bedrooms:
5
Bathrooms:
3
Year Built:
1969
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.
Property Type:
Single Family
Total Floor Area:
N/A
Home Style:
N/A
Total Bedrooms:
5
Total Rooms:
N/A
Depth:
N/A
Total Baths:
3
Year Built:
1969 (Age:55 )
Frontage:
N/A
Construction:
N/A
Roof:
Asphalt shingle
Parking:
N/A
Heating:
See remarks
Heating fuel:
N/A
Water supply:
Municipal water
Fireplace fuel:
N/A
Fireplace Details:
N/A
Title to Land:
Freehold
Sewer:
N/A
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Amit Bindra
  • City 2 City Real Estate Services Inc.
  • 202 9453 120st, Delta, BC V4C6S2
  • 778-564-3008
  • [email protected]