Rundown Vancouver house for $2.4M: Ridiculous or a bargain?

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.

New house nearby sells for almost double the price

Both these houses are listed for sale in the Vancouver neighbourhood of Point Grey. The old home on the left is priced at nearly $2.4M, the brand new one on the right for $4.3M.

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

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

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

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