$2,299,900 FOR SALE

Detached

Bedrooms: 5Bathrooms: 3

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:47423)

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Listed By Coldwell Banker Horizon Realty
Data Provided By Association of Interior REALTORS®
MLS® Listing Number 10321955
Last Updated Sep 10, 2024
Property Summary
Property Type Detached

More like this:
Neighbourhood Springfield/Spall
Price History
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Detailed Information
Bedrooms 5
Bathrooms 3
Community Features Pets Allowed, Pets Allowed With Restrictions
Listing Contract Date 2024-09-10
Maintenance Fee Payment Frequency Monthly
Municipal ID 028-602-455
Ownership Type Freehold
# of Parking Spaces 6
Property Type Single Family
Transaction Type For sale
Zoning Unknown
Building
Constructed Date 1969
Construction Style (Attachment) Detached
Exterior Finish Composite Siding
Heating Fuel Electric
Heating Type See remarks
Roof Material Asphalt shingle
Roof Style Unknown
Stories Total 1
Type House
Utility Water Municipal water
Rooms
Room Level Dimensions Notes
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'
Utilities
Type Description
ElectricityAvailable
SewerAvailable
Land
Total Size 0.41 acres
Sewer Municipal sewage system
Size of Irregular Land 0.41

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