1402 / 1404 Inkar Road | $2,299,900
Natasha Badger Prec* Agent Photo
Natasha
Badger Prec*
C. (250) 462-8733
P. (250) 492-2266
Phone Natasha www.teamgreen.ca
RE/MAX PENTICTON REALTY
302 Eckhardt Avenue West
Penticton, BC
Canada V2A 2A9

Details

%
Years (35 year max)
Years



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


Location

Use two fingers to move the map
Street View Satellite
Use two fingers to scroll demographics
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.
(click to close)

About

Natasha is a distinguished alumna of the University of Victoria, holding a Bachelor of Commerce Degree. With over a decade of invaluable expertise in the financial sector and seven years dedicated to real estate, Natasha stands as a seasoned professional. Natasha has excelled working within a team of realtors that values her keen eye for detail and adept handling of diverse portfolios in every transactional phase. Her robust foundation in commerce, financial services, and real estate make her a valued member of the team.