For $3.9 million, this property could be yours. (PROMERITA REALTY CORP.)

This trash heap in Vancouver could be yours for $3.9 million

Sitting atop 6,000 square feet, the home was built in 1912, later destroyed by fire

No, the joke isn’t in the fine print.

What appears to be a dumping ground in Vancouver is selling for the sweet price of $3.9 million.

Located at 2573 West 3 Ave., the home is described by Promerita Realty Corp. as a “very rare development opportunity to custom build your next dream home in the desired Kitsilano area!”

Sitting atop 6,000 square feet, the three-storey house was built in 1912. But a three-alarm fire in 2017 caused the roof to collapse, in addition to water and smoke damage.

Its latest assessed value, before the fire, was $3.713 million. The home itself accounted for $10,000 of that sum.

In its quarterly report, the BC Real Estate Association said Tuesday housing prices remain high while buying activity is stagnant as the market continues to be affected by stress-test mortgage qualifying changes in January.

“While these rules have had a negative effect on housing demand across the country, the impact has been especially severe in B.C.’s large urban centres because of already strained housing affordability,” the report said.

Here’s what roughly $3 million can buy in other parts of B.C.:

All housing prices listed, as reported by Point2Homes

Just Posted

Haida Gwaii Funeral Services gets support

Village of Queen Charlotte donates storage facility to non-profit group

Tlellagraph: One fire, two points of view

“No matter how good a person you are, you are evil in… Continue reading

Community dinner set to honour responders who handled Q.C. explosion

Potluck-style dinner set for Friday, Oct. 5 at the Queen Charlotte Community Hall

Work begins to remove cargo from grounded Haida Gwaii barge and fishing lodge

Westcoast Resorts’ Hippa Lodge broke from its moorings and ran aground early this month

Tlell Farmers’ Market is open every Sunday until Thanksgiving

The Observer mistook the final day for the farmers market – don’t miss the harvest!

Canning sockeye by hand in North Coast B.C.

Arnie Nagy teaches the Northern View how to can salmon in Prince Rupert

Trans Mountain completes Burrard Inlet spill exercise

Training required, some work continues on pipeline expansion

First court date for B.C. man accused of murdering Belgian tourist

Family and friends of Sean McKenzie, 27, filled the gallery for brief court appearance in Chilliwack

Pot, cash, mansions: Judge divvies up illegal estate of divorcing B.C. couple

The Smiths ran a multi-million marijuana operation that spanned three counties

Around the BCHL: Nanaimo Clippers acquire defenceman from Langley Rivermen

Around the BCHL is a look at goings on around the BCHL and the junior A world.

B.C. co-op develops tech to help prevent ODs, especially for alone users

Brave Technology has been awarded $200,000 in the Ohio Opioid Technology Challenge

Recent jump in U.S. butter imports? All smooth, says Canadian dairy farmers

U.S. farmers recently enjoyed extra access to the Canadian market

Potential replacements for Phoenix pay system to start testing soon: Brison

Testing of prototypes to replace troubled federal pay system will begin within weeks

Nanaimo’s Tilray Inc. briefly the world’s largest cannabis company

The company, only listed in the US, nearly reached $300 in afternoon trading on Wednesday

Most Read