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1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, British Columbia, V1Y 8H7

MLS® # 10321946
Vacant Land For Sale In Capri Landmark, Kelowna, British Columbia
$2,299,900
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, BC
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, BC
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, BC
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, BC
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, BC
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, BC
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1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, BC
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, BC
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, BC
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, BC
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, BC
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, BC
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ACTIVE
1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, British Columbia, V1Y 8H7
$2,299,900

Property Information:

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:27)

Building Features:

  • Building Type: Other

Property Features:

  • OwnershipType: Freehold
  • Property Type: Vacant Land
  • Current Use: Development residential
  • Road Type: Paved road
  • Utility Type: Natural Gas - Available, Water - Available, Sewer - Available, Hydro - Available
  • Zoning Type: Unknown
  • Sewer: Municipal sewage system

Courtesy of: Coldwell Banker Horizon Realty

REALTOR.ca  

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Location of 1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, British Columbia, V1Y 8H7

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

28 hot days expected in 2050

Projected Precipitation Risk: Low

12 storms expected in 2050

Projected Heat Risk: Moderate

28 hot days expected in 2050

49/100

Moderate

ClimateCheck®

Current data

This property, 1402 / 1404 Inkar Road Lot# 1 & 2 , experiences 7 hot days per year at around 33.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 28 hot days at 36.9 degrees Celsius.

Projected Avg. Temperature

Past
33.1℃
2050
36.9℃

# Hot Days Per Year

Past
7
2050
28

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Low

12 storms expected in 2050

19/100

Low

ClimateCheck®

Current data

This property, 1402 / 1404 Inkar Road Lot# 1 & 2 , experiences 11 significant 2-day storms per year, with about 140.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 12 significant 2-day storms with 153.7mm of precipitation per year.

Precipitation Per Storm

Past
140.1mm
2050
153.7mm

48-Hour Storms Per Year

Past
11
2050
12

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1402 / 1404 Inkar Road Lot# 1 & 2, Kelowna, British Columbia, V1Y 8H7

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$109,022.38

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.72 %

High school certificate or equivalent

25.46 %

Apprenticeship trade certificate/diploma

9.94 %

College/non-university certificate

21.81 %

University certificate (below bachelor)

2.37 %

University Degree

22.7 %

Commuter

Travel To Work

By Car

74.47 %

By Public Transit

3.92 %

By Walking

13.42 %

By Bicycle

5.4 %

By Other Methods

2.79 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

37.66 %

Houses

62.34 %

Own Vs. Rent

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