1402 / 1404 Inkar Road | $2,299,900
Stephanie Erdt Agent Photo
Stephanie
Erdt
C. (250) 486-8734
P. (250) 494-8881
Phone Stephanie http://www.stephanieerdt.remax.ca
RE/MAX ORCHARD COUNTRY
10114 Main Street
Summerland, BC
Canada V0H 1Z0

Details

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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


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About

Stephanie was born and raised in Summerland and brings with her an in-depth knowledge of the local market. She learned from her parents who each have over 40 years of real estate experience in Summerland and will be drawing on that knowledge, as her father, Larry Young, will be joining her as an unlicensed assistant. Stephanie looks to truly understand her client’s needs in order to assist them to the fullest. She brings with her enthusiasm, energy, and an uncompromising integrity, she understands the importance of confidentiality, privacy and trust, and will strive to make your real estate experience the best that it can be.