Vancouver teardown sells for $1.5 million within 'hours'
Even the real estate agent responsible for the sale is surprised by how quickly a $1.5-million teardown in Vancouver was snapped up.
The two-bedroom home on East Broadway, built in 1927, is uninhabitable. The boards of the wooden stairs are broken, the paint is peeling and stained with water-damage, the entrance is boarded up and weeds have sprouted on the roof.
But none of that mattered.
Usha Naidu of RE/MAX Crest Realty said she never had any doubt the ramshackle house would sell since what is being purchased is the land and not the unsightly abode.
"I knew it would go in a week or two, but not in a couple of hours,” she said.
Naidu said there were five interested parties, with the winning buyer offering full price with zero conditions.
“This is the new norm some of us will have to swallow and deal with, unfortunately,” said Naidu. “There are people who are willing to pay this price.”
She and her buyer are understandably happy about the swift sale.
Naidu says the buyer will likely build a new house on the lot, complete with two mortgage helpers – a legal basement suite and a laneway house.
CTVNews.ca Top Stories
Trudeau and Harris? Poilievre and Trump? Here's who Canadians think would work best with: survey
As Americans prepare to elect their next president on Tuesday, new data from the Angus Reid Institute suggests Canadians hold differing views as to which federal party leaders would be best suited to deal with either Donald Trump or Kamala Harris.
B.C. port employers launch lockout at terminals in labour dispute with workers
Employers at British Columbia ports say they are going ahead with locking out more than 700 foremen across the province after strike activities from union members began.
Months after VRBO booking, Taylor Swift fan told home 'not available' during Vancouver concert
A frustrated Taylor Swift fan is speaking out after being pushed from a short-term rental she booked for the upcoming Vancouver leg of the superstar’s Eras Tour.
Felonies, assassination attempts and a last-minute change on the ticket leads voters to Tuesday's U.S. election
A campaign that has careened through a felony trial, incumbent being pushed off the ticket and assassination attempts comes down to Election Day on Tuesday.
Measles cases in New Brunswick more than double in three days
A measles outbreak declared in New Brunswick’s Zone 3 last week, which includes Fredericton and the upper Saint John River Valley, has more than doubled since last week.
Prison sentences handed down for sexually abusive London, Ont. parents
In handing down the sentences for two London parents, Justice Thomas Heeney told the court, "The facts of this case were the most egregious that I have encountered during my 26 years on the bench."
She was diagnosed with Type 2 diabetes about a year ago. Here's how her condition was reversed
A year ago, Lorraine O'Quinn was coping with stress, chronic illness and Type 2 diabetes. Then she discovered a health program that she says changed her life.
Surprise swing state? Iowa poll has Harris suddenly leading
Based on victories in the past two elections and polls leading up to Tuesday’s election, Donald Trump had seemed almost certain to win Iowa, but a new poll has Kamala Harris with a sudden three-point lead.
Russia suspected of sending incendiary devices on US- and Canada-bound planes, Wall Street Journal reports
Incendiary devices that ignited in Germany and the United Kingdom in July were part of a covert Russian operation that aimed to start fires aboard cargo and passenger flights heading to the U.S. and Canada, the Wall Street Journal (WSJ) reported Monday, citing Western security officials.