Vancouver teardown in Point Grey sells for almost $2.5M
Shabby little house that came to symbolize Vancouver's runaway real estate market sells over asking
The latest poster child for Vancouver real estate excess is off the market, having fetched of course more than the asking price, proving that when it comes to securing a plot of dirt on the city's west side, there seems to be no limit to what buyers will spend.
The property soldfor $2.48 million, $80,000 more than what was considered an outrageous list price just two weeks ago when it was put on the market.
Located on West14thnearSasamatin the location-location location-driven Point Grey neighbourhood,the house had a sale price that reflects a new upper range for land value. It's certain the wrecking ball will soon land on the shabby little house currently sittingon the property,cheekily dubbed a "dream home"by local newspapers.
Onlytwo blocks away, a brand new four-bedroom, six-bathroomhome perched on aslightlysmaller lot is currently listedfor $4.3million.