1402 / 1404 Inkar Road | $2,299,900
Yousuf Jaddoa Agent Photo
Yousuf
Jaddoa
C. (250) 300-8902
P. (250) 545-5371
Phone Yousuf https://www.yousufrealestate.ca/
ROYAL LEPAGE DOWNTOWN REALTY
4007 - 32nd Street
Vernon, BC
Canada V1T 5P2

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
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About

Stepping into real estate on a foundation of integrity and passion, Yousuf is an honesty-driven Okanagan REALTORĀ® dedicated to making transactions seamless, cordial, and positive for everyone involved. Driven to help every client attain their unique version of success, Yousuf brings with him an extensive understanding of the local buying, selling, and property investing processes. Even more, he enjoys leveraging that dynamicity to not just position others for competitive market excellence, but do so all while ensuring they feel confident as they navigate one of the most fundamental investments of their lives.