1402 / 1404 Inkar Road Lot# 1 & 2
Kelowna, British Columbia V1Y8H7

$2,299,900

ID# 10321955
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. (id:3942)
Courtesy of Coldwell Banker Horizon Realty

Listed on: September 10, 2024

On market: 72 days
Bathroom Total 3
Bedrooms Total 5
Half Bathrooms Total 0
Year Built 1969
Heating Type See remarks
Heating Fuel Electric
Stories Total 1
KitchenLower level10' x 10'
Dining roomLower level10' x 10'
Living roomLower level10' x 10'
Full bathroomLower level5' x 7'
BedroomLower level10' x 10'
BedroomLower level10' x 10'
Dining roomMain level10' x 10'
KitchenMain level10' x 10'
Living roomMain level10' x 10'
4pc BathroomMain levelMeasurements not available
BedroomMain level10' x 10'
BedroomMain level10' x 10'
Full ensuite bathroomMain level5' x 7'
Primary BedroomMain level10' x 10'
OtherSecondary Dwelling Unit10' x 10'
OtherSecondary Dwelling Unit10' x 10'
Dining roomSecondary Dwelling Unit10' x 10'
Living roomSecondary Dwelling Unit10' x 10'
KitchenSecondary Dwelling Unit10' x 10'
Full bathroomSecondary Dwelling Unit5' x 7'
BedroomSecondary Dwelling Unit10' x 10'
BedroomSecondary Dwelling Unit10' x 10'
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Cory Alexander *PREC Taryn O'Donohue

250-575-5452 250-300-1311

Royal LePage Kelowna

1-1890 Cooper Road,

Kelowna, BC, V1Y 8B7


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