$2,299,900
FOR SALE

Land

1402 / 1404 Inkar Road Lot# 1 & 2
Kelowna, BC V1Y 8H7 | Springfield/Spall

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:47421)
Share
Listed By Coldwell Banker Horizon Realty
Data Provided By Association of Interior REALTORS®
MLS® Listing Number 10321946
Last Updated Sep 10, 2024
Property Summary
Property Type Land

More like this:
Neighbourhood Springfield/Spall
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Listing Contract Date 2024-09-10
Maintenance Fee Payment Frequency Monthly
Municipal ID 028-602-455
Ownership Type Freehold
Property Type Vacant Land
Road Paved road
Transaction Type For sale
Zoning Unknown
Building
Type Other
Utility Water Municipal water
Utilities
Type Description
ElectricityAvailable
Natural GasAvailable
SewerAvailable
WaterAvailable
Land
Total Size 0.41 acres
Current Use Development residential
Sewer Municipal sewage system
Size of Irregular Land 0.41

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)