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.
Vancouver real estate in a nutshell. https://t.co/Qleo0R5Ogh— Donnasaurus Fox (@donnamatrix) August 19, 2018
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