An actual $3.9M junk heap is on the market in Vancouver

Home reduced to rubble after three-alarm fire, but lot retains value

One of Vancouver’s latest eyebrow-raising big-ticket real estate listings isn’t even about the house. That’s because it’s not even a teardown: the teardown has already happened and it’s a pile of debris that’s hit the market for $3,990,000 in Kitsilano.

The home at 2573 West 3rd Avenue has been reduced to a heap of junk, thanks to a December 22, 2017 three-alarm fire on the premises. No one was injured. It’s possible those living there were renters, as one news report on the fire noted that the “registered owner on the land title is a numbered company.”

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Before it was fully engulfed in flames and a total write-off, the 1912-built home had eight bedrooms and five bathrooms, according to BC Assessment records.

The 50- by 120-foot lot was assessed at $3,713,000 as of July 1, 2017, including with a structure on the property. In November 2016 the property sold for $3,000,000.

But while the flames are long out at this address, the market remains hot, and it’s now listed at over $200,000 more, with 0 bedrooms and 0 baths.

Of course, you have to have your eyes on the property’s potential: “Very rare development opportunity to custom build your next dream home in the desired Kitsilano area! Zoned RT-8 allows for build of multiple dwelling.”

The listing agent is Hunt Tse at Promerita, if you’re feeling very ambitious.

h/t Urban YVR


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