Francisco
104 - 383 Ellis Street
Penticton, BC
Canada V2A 4L8
Details
Address | 1402 / 1404 Inkar Road |
Area | Central Okanagan |
Sub Area | SFS - Springfield/Spall |
State/Province | British Columbia |
Country | Canada |
Price | $2,299,900 |
Property Type | Single Family - Detached |
Bedrooms | 5 |
Bathrooms | 3 |
Half Baths | 0 |
Floor Space | 1435 Square Feet |
Lot Size | 0.41 Acres |
Waterfront | No |
Year Built | 1969 |
Taxes | $7,878 |
Tax Year | 2024 |
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
Location
About
Representing Penticton and the South Okanagan homeowners and future
homeowners/investors, Jenny is committed to listening to her client’s needs and
using her negotiating skills to ensure a successful transaction.
Raised in Penticton, Jenny understands the numerous benefits of life in the
South Okanagan, with its four seasons to fully enjoy, she can attest that raising
her three daughters with her husband, is a wonderful place to raise a family.
Jenny has been doing property management for 34 years in the South
Okanagan and began her real estate career in 2007. Continuing to do both is
rewarding in assisting clients find their temporary or forever home. Jenny
specializes in residential and investment properties which go hand in hand with
her expertise in property management.