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1402 / 1404 Inkar Road | $2,299,900
Mike and Jaclyn Agent Photo
Mike
and Jaclyn
C. (250) 493-2244
 P. (250) 493-2244
 Phone Mike
ROYAL LEPAGE LOCATIONS WEST
484 Main Street
 Penticton, BC
 Canada V2A 5C5

Details

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Address 1402 / 1404 Inkar Road
AreaCentral Okanagan
Sub AreaSFS - Springfield/Spall
State/ProvinceBritish Columbia
CountryCanada
Price$2,299,900
Property TypeSingle Family - Detached
Bedrooms5
Bathrooms3
Half Baths0
Floor Space1435 Square Feet
Lot Size0.41 Acres
WaterfrontNo
Year Built1969
Taxes $7,878
Tax Year2024
MLS® #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.

Listed by COLDWELL BANKER HORIZON REALTY

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About

About Mike and Jaclyn

Mike and Jaclyn first worked together in marketing the initial phase of the Lakeshore Towers condominium project between 2002 and 2004. They bring a genuine upbeat approach to real estate, coupled with a professional thoroughness and commitment to doing the job right. They know how to negotiate an offer so that the sale happens. And they know how to keep everything on track, who to recommend for inspections, appraisals and the legal documentation. Anybody who has worked with them can tell you that they enjoy what they do, and that comes through in how they do it.


About Mike

Mike has been a realtor in Penticton since 1992, working in both the residential and commercial fields. His background as a newspaper editor and photographer before that have served him well on the marketing side, providing the skills for quality feature packages and internet exposure for listings. He has been involved in every type of real estate sale, from mobile homes to the one of the highest sale prices on Skaha Lake; commercial leases and the sale of buildings in Penticton's downtown core. He is known as an honest straight-forward person, one of three Penticton realtors chosen when realtors in the city were polled by an independent company as to who they would hire if they were no longer selling real estate. Mike grew up in southern Ontario, went to university and worked for several years in the Maritmes before settling in Penticton in 1988, where he raised his family.


About Jaclyn

Jaclyn's experience as a mortgage broker has proven to be a real asset for both buyers and sellers. After receiving her real estate license in 2003 and working first as an assistant then as a full-time realtor, Jaclyn left the industry to have her son Erik in 2006. She came back in 2008 to work in the mortgage industry, latterly as a mortgage broker. But by 2010 she realized that she missed the many facets of real estate, and joined Mike as partner. Her knowledge of the mortgage industry has been a real help to both buyers and sellers. Jaclyn grew up in Kimberley, B.C., and is a graduate of the University of Calgary.


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