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

PHOTOS: Spirit of the People Powwow in Chilliwack

Family Day weekend powwow a colourful, vivid celebration of Indigenous culture

How much does your city spend per person on snow removal?

Black Press Media compares 2018 ice and snow removal budgets of various Lower Mainland communities

Lucas Mannes and Calgary Dinos through to Canada West basketball semi-finals

The GW Graham grad helped his Dinos drop the Winnipeg Wesmen in a playoff series last weekend.

B.C. BUDGET: Surplus $374 million after bailouts of BC Hydro, ICBC

Growth projected stronger in 2020, Finance Minister Carole James says

Chilliwack Chiefs end BCHL regular season with meaningless road trip

The regular season champs travel to Prince George this weekend with nothing on the line.

VIDEO: 8 things you need to know about the 2019 B.C. budget

Surplus of $247 million with spending on children, affordability and infrastructure

‘Bullet missed me by an inch’: Man recounts friend’s killing at Kamloops hotel

Penticton man witnessed Summerland resident Rex Gill’s murder in Kamloops

B.C. BUDGET: Income assistance raise still leaves many below poverty line

$50 per month increase included in funding for poverty and homelessness reduction

B.C. BUDGET: Indigenous communities promised billions from gambling

Extended family caregiver pay up 75 per cent to keep kids with relatives

B.C. BUDGET: New benefit increases family tax credits up to 96 per cent

BC Child Opportunity Benefit part of province’s efforts to reduce child poverty

B.C. BUDGET: Carbon tax boosts low-income credits, electric vehicle subsidies

Homeowners can get up to $14,000 for heating, insulation upgrades

B.C. man survives heart attack thanks to Facebook

A Princeton man suffered a heart attack while at an isolated property with no cell service

Abbotsford man sues Maxime Bernier’s People’s Party over trademark

Satinder Dhillon filed application for trademark same day Maxime Bernier announced the new party

New trial ordered over banning whales, dolphins at Vancouver aquarium

Park board’s appeal reverses previous decision that found it had no right to implement a ban

Most Read