For sale: $25M boarded-up teardown in Vancouver
Published Wednesday, July 16, 2014 12:57PM PDT
Last Updated Wednesday, July 16, 2014 7:55PM PDT
A Vancouver realtor is really hoping the old adage “location, location, location” will convince someone to buy her newest listing: a $25.8-million teardown.
The uninhabited 1937 home has boards nailed over its windows and doors so it’s impossible to say what the 3,700-square-foot dwelling looks like inside. Someone has also sprayed graffiti on its white exterior walls.
But even if the home itself it a teardown, it’s the lot that is the showstopper.
Sitting on more than an acre in the city’s exclusive Point Grey neighbourhood, the property has 150 feet of unobstructed ocean frontage and spectacular views of the Pacific Ocean, North Shore mountains and downtown Vancouver.
In Pictures: Boarded up home has $25M asking price
In the MLS listing, realtor Sarina Han says the property is perfect for a 30,000-square-foot “majestic mansion,” with “luxurious swimming pool, professional tennis court, [and] magnificent gardens.”
“Don't miss this rare opportunity to own a house in best location in Vancouver,” the ad reads.
The home is situated on Belmont Avenue, one of Vancouver’s poshest blocks.
The price of a typical detached home in Metro Vancouver hit $976,600 in June, an all-time high, according to the Real Estate Board of Greater Vancouver.