'Great opportunity': Burned-out teardown listed for $1.8M in Vancouver
CTV
A "fire-damaged house of no value" has been listed for sale for $1,799 million in Vancouver, a stark example of how much real estate prices are driven by land in the city.
A "fire-damaged house of no value" has been listed for sale for $1,799 million in Vancouver, a stark example of how much real estate prices are driven by land in the city.
The property at 3703 E. 3 Ave. is in the Renfrew Height neighbourhood, just west of the Burnaby border. The listing advertises it as having two bedrooms and one bathroom and with 1487 square feet of floor space. It also stresses that the home is not inhabitable and that the size of the house is only an estimate.
"Being sold as land value only. AS IS WHERE IS," the listing says.
"DO NOT WALK ON PROPERTY," it later adds.
Photos show that access to the home is blocked by blue fencing, with all of the potential entrances boarded up. The property has overflowing trash cans on it, and what looks like a tent filled with junk. Pieces of plywood and tarps are among the detritus littered about.
But prospective buyers are being urged to look beyond that and see the potential.
"Quiet Street. Close to shopping, dining, and transit. Build your dream home - Lots of options," the listing says.
