An 86-year-old home on Vancouver's west side, recently listed for just under $2.4 million, has raised the ire of the online world as yet another example of the region's skyrocketing house prices.

However, this cheekily-dubbed "dream home" could be considered a bargain for Vancouver's Point Grey neighbourhood if you've got the money.

A mere 800-metres away, a brand new home on a similar lot size is selling for nearly double the price.

Photos show the fixer-upper located at 4453 West 14th Ave. is in disrepair but with a lot size of 4,062 square feet, it could serve as someone's future dream home.

Photos from the Kavanagh Group

4453 W. 14th Ave $2.4M home

4453 W. 14th Ave $2.4M home

4453 W. 14th Ave $2.4M home

Backyard of $2.4M Vancouver home

The backyard is a landscaper's dream. (Kavanagh Group)

Investment potential?

Those with enough capital could consider tearing down the old home to build another.

Two blocks away, a brand new home with a 4,031-square feet lot — slightly smaller than the 86-year-old-house — sells for $4.3-million.

The two-storey home at 4196 W. 12th Avenue boasts four bedrooms and six bathrooms.

Photos from Rennie and Associates

4196 W 12TH AVENUE

This house two blocks away is listed for $4.3 million. (Rennie & Associates Realty)

4196 W 12th Avenue

4196 W 12TH AVENUE

4196 W 12TH AVENUE