1402 / 1404 Inkar Road Lot# 1 & 2

0
Bedrooms
0
Bathrooms
0
Sq.Ft
$

2299900

1402 / 1404 Inkar Road Lot# 1 & 2

Property
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:58842)

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Area & Lot

Region
Springfield/Spall
Status
For Sale
Lot Area
0.41 acres
Property Subtype
Vacant Land
Year Built

Interior

Bedrooms
0
Bathrooms
0
Floor
Heat Type
Air Conditioning

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More Information

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Security
Lot Features
Parking Features
Parking Spots
0
Roof Type
Sewer
Municipal sewage system
Water Source
Municipal water
Structure Type
Other
Common Interest
Freehold
Association Fee
$
0
Annual Tax
$
7878.07
Community Features
Exterior Features
No items found.

MLS Information

MLS Number
10321946
Listing Key
27395082
Listing Office
Coldwell Banker Horizon Realty
Agent Key
2034844

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