Investor pays over $2.1 million for unlivable Vancouver home with “sustained smoke and water damage”
As the listing states, this home on the West Side of Vancouver is “not livable”.
The 91-year-old residence with four bedrooms and two baths has “sustained smoke and water damage”.
But 6408 Vine Street is good to “hold for investment”.
The 33- by 125.6-foot lot would be ideal to “build your dream home”.
The property is on a “beautiful tree lined” street near West Boulevard and West 49th Street.
It’s in the “prime” neighbourhood of Kerrisdale.
Based on tracking by real-estate site Zealty.ca, 6408 Vine Street was listed on the market on October 25.
The asking price was $1,680,000, which was below the 2021 assessment.
It has a 2021 assessed value of $1,958,300.
After 11 days, a buyer came forward and offered a price over asking.
On November 5, the property with an unlivable home sold for $2,150,000.
Zealty notes that the purchase was 28 percent over the asking price of 6408 Vine Street.
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