1402 / 1404 Inkar Road | $2,299,900
Danny Reigh Agent Photo
Danny
Reigh
C. (250) 328-2441
P. (833) 817-6506
Phone Danny https://maapgroup.com
EXP REALTY
645 Main Street
Penticton, BC
Canada V2A 5C9

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

Born and raised in the sunny Okanagan I consider myself lucky to live in the place many come to visit for their time off.  It's hard to complain about a town that's stuck between two lakes and two mountains where anywhere you go its always a great view!  Since the age of 15 till recent I have spent all of my career in the restaurant industry working on perfection of food and customer service so I plan on bringing a perfect experience of professionalism, knowledge and a bit of humor, after all this is not only a big choice but it should also be fun and not stressful!  I have excellent listening skills and will help find the perfect spot that best suits your needs as well as problem solving, I have a full list of connections for all sorts of contractors, brokers and other areas I have met along the way so any outside help needed rest assured we can find someone to help along the way.  I intend to make this next step in your life as enjoyable and stress free as possible so we can get to the fun part of relaxing in this place everyone would love to call home!