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

VIDEO: Woman files complaint over treatment of cat with two broken legs

Ariel Johnston of Abbotsford says her pet was sent home without pain medication

Abbotsford trustee Stan Petersen seeks 3rd term

He has 33 years teaching and administration experience in Abbotsford and sits on numerous committees

Candidate looks to bring PAC experience to Abbotsford school board

Shelley Godwin notes over 10 years’ experience on various parent advisory councils and as accountant

Cascades’ Jhaj named second star

UFV soccer teams return to the pitch on Friday

Fraser Valley Literary Festival comes to UFV

Event runs Sept. 21 and 22 at Abbotsford campus

Watch out for Pavement Patty: Drivers warned outside B.C. elementary school

New survey reveals unsafe school zones during 2018 back-to-school week

Horvat leads Canucks to 4-3 shootout victory over Kings

Vancouver dumps L.A. in NHL pre-season contest

Update: Search called off for missing plane between Edmonton and Chilliwack

Search efforts were concentrated along the Highway 5 corridor between Valemount and Kamloops

VIDEO: Hundreds line highway as family brings home body of B.C. teen

Northern B.C. showed their support by lining Hwy 16 as Jessica Patrick’s body returned to Smithers.

Why Whistler for ski jumping in 2026? Calgary proposal gets pushback

Calgary 2026 proposes re-using the 2010 ski jumping venue Whistler for that sport and nordic

Despite progress, threat of 232 tariffs dominates NAFTA negotiations

Any deal is seen to require congressional approval before Dec. 1 to survive new Mexican government

B.C. MP Todd Doherty receives award for saving man who collapsed on a plane

Conservative MP was flying from Vancouver to Prince George, B.C., in June last year

Alleged border jumper from Oregon facing 2 charges after police chase in B.C.

Colin Patrick Wilson charged with dangerous operation of motor vehicle, flight from a peace officer

More than 35 B.C. mayors elected without contest

No other candidates for mayor in the upcoming local election in 22 per cent of B.C. cities

Most Read