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1402 / 1404 Inkar Road | $2,299,900
Kari Pennington Agent Photo
Kari
Pennington
C. (250) 462-7555
 P. (250) 494-8881
 Phone Kari www.karipennington.com
RE/MAX ORCHARD COUNTRY
10114 Main Street
 Summerland, BC
 Canada V0H 1Z0

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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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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About

Kari is Summerland homegrown, with a love for small town living in the Okanagan. Her entrepreneurial spirit has fueled a diverse career with business, insurance and real estate over the past 14 years. With experience in multiple areas of real estate, this allows Kari to understand the importance of a skilled professional to navigate buying and selling, and make the experience both joyful and successful. From Vernon to Princeton, Kari KNOWS the Okanagan.

As a Mom to 2, Kari is proud to be a Miracle Agent in support of the Children's Miracle Network.

My guiding principles are integrity, knowledge and a passion for people. I am with you - every step of the way.
- Kari
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