The steps are crumbling and unusable. The home windows and doorways are boarded up. The roof is outdated and rising weeds.
However this two-bedroom house on Broadway in East Vancouver is in the marketplace for $1.5 million.
In one other instance of Vancouver's astoundingly costly actual property market, the itemizing agent is assured this ramshackle home will promote.
“Sure, completely,” stated Usha Naidu of RE/MAX Crest Realty.
Billed as the long run location of a “dream house,” the old-timer in-built 1927 and positioned at 2535 East Broadway isn’t even livable.
In actual fact, Naidu admitted she hasn’t been inside, as a result of the home was shuttered when energy and water companies have been lower.
However the worth of the property lies in its land, and the potential for redevelopment.
“So that is why it's priced the best way it's,” stated Naidu.
There are newer houses on both aspect, in addition to some well-maintained character homes, so it’s unlikely to be a part of a future land meeting. That’s when neighbours get collectively and conform to promote their properties on the identical time to a serious developer.
Even so, Naidu figures this possible teardown will promote inside a couple of weeks.
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