Rundown Vancouver house for $2.4M: Ridiculous or a bargain?
New house nearby sells for almost double the price
An 86-year-old home on Vancouver's west side, recently listed for just under $2.4 million, has raised the ire of the online world as yet another example of the region's skyrocketing house prices.
However, this cheekily-dubbed "dream home" could be considered a bargain for Vancouver's Point Grey neighbourhood if you've got the money.
A mere 800-metres away, a brand new home on a similar lot size is selling for nearly double the price.
Photos show the fixer-upper located at 4453 West 14th Ave. is in disrepair but with a lot size of 4,062 square feet, it could serve as someone's future dream home.
This is what $2.4 Million gets you in Vancouver <a href="https://t.co/22voouUhZ3">https://t.co/22voouUhZ3</a> <a href="https://t.co/H9HZTT7olI">pic.twitter.com/H9HZTT7olI</a>
—@CHLPA2015Photos from the Kavanagh Group
Investment potential?
Those with enough capital could consider tearing down the old home to build another.
Two blocks away, a brand new home with a 4,031-square feet lot — slightly smaller than the 86-year-old-house — sells for $4.3-million.
The two-storey home at 4196 W. 12th Avenue boasts four bedrooms and six bathrooms.
Photos from Rennie and Associates
