Small homes on skinny lots are quite a rarity in Vancouver.
These are often charming properties that can command premium prices.
A “one of a kind ‘thin house’” that has just hit the market is a good example.
The three-level home at 3141 West 11th Avenue sits on a lot with a 16.5-foot frontage.
That’s half of the 33-foot frontage for a standard lot in the city.
Built in 1979, the 1,417-square-foot residence features two bedrooms and two baths.
The Vancouver real estate has a 2022 assessment of $1,770,000.
Most of the valuation is for the land, and the structure is assessed at $200,000.
The property came on the market on August 18, 2022 with an asking price of $2,198,000.
That’s 1.2 times the property’s current assessment.
The Royal Pacific Realty Corp. listing states that a “beautifully landscaped front yard leads the way to this quality built house with granite countertops, hardwood flooring, and a brand new roof”.
The Vancouver home has a roof deck “overlooking fabulous mountain and downtown view”.
Moreover, “The large Den on the third floor with wood burning fireplace could easily be a third bedroom.”
Tracking by real-estate site Zealty.ca shows that the Vancouver real estate has been on and off the market since 2010.
For example, on March 29, 2010, the property was listed for $1,349,000.
This offering was terminated on June 7 of the same year with a reduced price of $1,250,000.
Zealty tracking also indicates that the property had a 2013 assessment of $971,000.
This means that from that year, the valuation of 3141 West 11th Avenue almost doubled by 2022 in less than a decade.
Let's take a look.