103 days on Market

1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, British Columbia V1Y8H7

Detached
5
3
~1435 sqft
$2,299,900
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Detached
5
3
~1435 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$1,602/sqft

Est. Mortgage$9,877/mo

Tax Amount ()-

Days On Market103 days


Description

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. (id:39198)


Property Details

StyleHouse, Detached
View-
Age of property1969
SqFt~1435 SqFt
Lot Size-
Parking Spaces6
MLS ®Number10321955
Community NameCentral City
Data SourceCREA
Listing byColdwell Banker Horizon Realty

Features

Heating: See remarks

Secondary Dwelling Unit Floor

Other

10' x 10'

Other

10' x 10'

Dining room

10' x 10'

Living room

10' x 10'


Features

Municipal sewage system

Parking

Garage spaces 6

Garage type -

Other parking spaces 0

Total parking spaces 6


Property listed by Coldwell Banker Horizon Realty, Brokerage
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Population and Demographics

Overview

Total population 25871
Average household income $101,308

Age (%)

20 to 34
28%
65 and plus
24%
35 to 49
19%
50 to 64
18%
0 to 19
12%

Household composition (%)

Single person
47%
Single family
43%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
88%
Others
4%
German
2%
French
2%
Tagalog (Pilipino, Filipino)
1%
Spanish
1%

House tenancy (%)

Renters
55%
Owners
45%

Schools and amenities

Estimated Budget

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