Lot With Pile Of Debris Going For $3.9M In Vancouver

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The house burned down last December after a fire broke out, and it is now for sale. The debris from the fire is surprisingly still on the lot.

The property of a house that burned down in Vancouver, British Columbia, is for sale for a hefty $3,990,000, and the burnt remains from the house still appear to be on the property.

Promerita Realty Corp. holds the listing for the property, which is located in the desirable Vancouver neighborhood of Kitsilano.

Kitsilano has a neighborhood Walk Score of 92, and locals call it “Kits.” It's close to downtown Vancouver and the beach. Apparently, the neighborhood is so desirable that lots without a house can still be advertised to sell for millions of dollars.

The real estate market in Vancouver has suffered a decline of more than 37 percent from last year. The high prices of properties are believed to be a major factor in the decline, and there are several properties with high price tags. The composite price for a home in the city is more than $1 million dollars.

The realtor describes the lot as a rare development opportunity. Well, that’s an understatement. Is it also an opportunity to clean up after people? Rarely would one expect to pay nearly $4 million for a piece of land filled with the charred remains of a burned-down, three-story house.

Banner/Thumbnail Photo Credit: Flickr, Maya-Anaïs Yataghène

 

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