Vancouver Nightmare

By on April 4, 2012 in Economy, Uncategorized, WTF?!?!?

The adjacent photo has been making the rounds on Facebook. A friend I know who lives in Vancouver and works in the real estate industry swears it’s true.

It’s of a house in what’s described as the “prestigious” Kerrisdale district, close to shopping, a secondary school and community centre. Two bedrooms, one bathroom on the 800 sq. foot main floor, a two bedroom/one bathroom rental suite in the basement.

Anyone want to guess what the list price is?

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13 Responses to Vancouver Nightmare

  1. Bronymous April 4, 2012 at 10:48 am #

    $750,000

  2. anonymusses April 4, 2012 at 10:53 am #

    I saw the price, and Bro is low.

  3. A April 4, 2012 at 10:57 am #

    In real cities, detached houses for sale are becoming scarce and ridiculously expensive. “Million Dollar Tear-downs” are becoming common.

  4. agent w April 4, 2012 at 11:01 am #

    $1.2 million?

  5. Emmet Matheson April 4, 2012 at 11:01 am #

    If you want further traumatize yourself, imagine what the monthly rent on the basement suite might be.

  6. agent w April 4, 2012 at 11:09 am #

    I found the listing. Oops.

  7. Stephen LaRose April 4, 2012 at 11:19 am #

    $1.35 million.

  8. Vlad April 4, 2012 at 12:19 pm #

    If it’s in Vancouver it’s probably 1.2 million dollars as even small hideous houses are overprices in Van. Kinda sounds like REGINA don’t ya think.

  9. Talbot Fresh, Jr. April 4, 2012 at 2:31 pm #

    Had the same hunch as Agent W – $1.2 million, even though that’s absurd. The only area of Vancouver I found that I really loves and thought I may one day be able to afford was Strathcona, but I’m probably wrong.

  10. Talbot Fresh, Jr. April 4, 2012 at 2:36 pm #

    Whoa, this can’t be right: a two-story at 509 Union Street…for under $500K. Do you actually get the whole house for this price?

    http://liveinstrathcona.com/real-estate/listings/show/V939428/509+UNION+ST%2C+Mount+Pleasant+VE%2C+Vancouver%2C+V6A2B7/422528

  11. Emmet Matheson April 4, 2012 at 3:45 pm #

    Looks like just the top two floors from the photos. Also it lists zero bedrooms and one bathroom, which is consistent with the crawlspace/loft bed placement in the photos.
    Strathcona’s nice, but Vancouver teems with great neighbourhoods. It seems wherever there’s easy access to groceries and transit, a vibrant community emerges.

  12. Gregory Beatty April 4, 2012 at 6:02 pm #

    The price listed on the website where the photo was displayed was $2.1 million. Here’s a link.

  13. Ron April 5, 2012 at 12:55 am #

    Sure interest rates are low, but this is a “sellers market”, for the last, decade?

    This seems to become a continuous property auction amongst the prospective buyers.
    You want it,( the home), how bad?
    How much ya got?
    Sort of similar to the board game,( 2 words? ), Monopoly.

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