West Vancouver Teardown Home Hits The Market For Over $2 Million

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A teardown property in an upscale Vancouver neighbourhood has been listed for $2.4 million — and according to one real estate agent, it’ll likely be snapped up quickly.

The three-bedroom, two-bathroom house in a “prime” Point Grey location on West 14th Street, overlooks the North Shore mountains. It’s also conveniently located near schools, shops, and Pacific Spirit Park.

The building itself, however, doesn’t look like much:

point grey teardown
A view of the house from its backyard. (Photo: The Kavanagh Group)

Since it was built 86 years ago, the 2,069 sq.-ft. house has seen “some improvements,” according to its listing — even though photos of its interior show dirty floors, peeling paint, and cracked ceilings.

point grey teardown
One of two bathrooms in the house. (Photo: The Kavanagh Group)

Despite its fixer-upper status, RE/MAX’s Amanda Crosby said there’s been plenty of interest in the property — and it will very likely sell for over its asking price.

“It’s hard to say, but based on other comparables in the area it will sell for more,” the agent told The Huffington Post B.C. Friday.

The property’s appeal is its address, not the building, as the upscale neighbourhood is one of the hottest in the city. Homes in the area often sell for far more than a few million, including one goliath that fetched $51 million last year.

The value of the building at West 14th was assessed at $45,000 in July 2015, while the land was said to be worth $2.1 million.

Still, social media users have called the listing for the pricey fixer-upper “ridiculous.”

“You have to be pretty warped in the head to think this is acceptable,” wrote one user on Reddit.

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Source: HP

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