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1402 / 1404 Inkar Road | $2,299,900
Scott Jenvey Agent Photo
Scott
Jenvey
Jenvey Shay & Associates
 C. (250) 808-6240
 P. (250) 469-9547
 Phone Scott https://scottjenvey.com
SOTHEBY'S INTERNATIONAL REALTY CANADA
104 - 3477 Lakeshore Rd
 Kelowna, BC
 Canada V1W 3S9

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 TypeResidential Development
Lot Size0.41 Acres
WaterfrontNo
Taxes $7,878
Tax Year2024
MLS® #10321946

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

DEDICATED. RESOURCEFUL. KNOWLEDGEABLE 

Scott is a distinguished real estate professional specializing in the luxury market across the Okanagan Valley. With an unmatched ability to showcase exceptional properties, he employs cutting-edge marketing techniques that enhance visibility and boost appeal for every listing. A Certified Luxury Home Marketing Specialist (CLHMS™), Seniors Real Estate Specialist (SRES®), Resort and Second Home Specialist (RSPS), and Certified International Property Specialist (CIPS), Scott brings a comprehensive skill set to the table.

His unique background in municipal engineering and geographic information systems allows him to offer strategic, data-driven advice tailored to each client’s specific needs. As a key member of Sotheby’s International Realty, Scott leverages the brand’s global reach to ensure his properties receive maximum exposure and achieve optimal sales outcomes. His meticulous attention to detail, coupled with a deep understanding of the Okanagan landscape, ensures that every client’s experience is personalized and results-driven.

Whether you are a first-time homebuyer, looking to sell a cherished home, or investing in new opportunities, Scott is committed to guiding you with clear, informed, and effective strategies, ensuring a smooth and successful real estate journey.

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