- 5 Beds
- 3 Baths
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Inkar Road, Kelowna, Central Okanagan, British Columbia, Canada
Property Features
- MLS # 27395081
- Lot Area: 0.41 acres
- Original Price: 1,995,000 CAD
- Year Built: 1969
- Floors: 1
- Original Currency: CAD
- Total Bathrooms: 3
- Full Bathrooms: 3
Property 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. (id:8860)
The listing broker’s offer of compensation is made only to participants of the multiple listing service where the listing is filed.
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