HomeHousingKitsilano 'pile of rubble' for sale for nearly $4 million

Kitsilano ‘pile of rubble’ for sale for nearly $4 million

Subscribe to stay up to date

Every once a while, one spots a listing that epitomizes Vancouver’s sky high, outrageously expensive real estate market.

2573 West 3rd Avenue in Kitsilano is one such listing. The 1912-built former rooming house was damaged in a fire late last year.

Now the partially demolished structure, and more importantly, the lot it sits on are for sale for $3.99 million.

View the listing here.

The property was most recently sold (intact, before the fire) for $3 million in November 2016.

Clearly, the listing agent Hunt Tse now thinks it’s worth more.

The listing price of聽$3,990,000 is also above the most recent BC Assessment value of $3,713,000 — calculated before the blaze.

The home sits on a 50′ x 120′ lot, and can accommodate more than one dwelling.

With a 20 per cent downpayment of $800,000, mortgage payments would be approximately $19,000 per month at 5.34 per cent/five year fixed term.

2573 West 3rd avenue better days
The listing as seen in better days. Credit: Google Maps/screenshot
Peter Meiszner
Peter Meisznerhttps://www.peterforvancouver.com/
馃摙 I am running for Vancouver City Council with A Better City (ABC) and Ken Sim! Visit peterforvancouver.com for more information.
RELATED ARTICLES
Hayer Town Centre Langley
Hayer Town Centre Langley

SEARCH urbanYVR

Snaile Smart Parcel Lockers

LATEST NEWS

FOLLOW US