This story was originally published on August 19. The land is now listed at $3.5 million.
If you didn't already know, the housing market in Vancouver is seriously crazy. For years now, the real estate market in Vancouver has become increasingly unbelievable.
Nowadays, the ridiculousness of the housing market has become laughable. We're at the point now that if you don't laugh at the situation, you'll probably cry. Locals can't believe how crazy the prices of real estate in Vancouver have become.
One of the most recent ads on Rew.ca is so crazy that we just had to share it with you. In the picture, you can see that a very old (and small) house has been torn down. Well, only half of it has been torn down. The bottom half of the foundation is still seemingly in one piece.
The ad boasts that the home literally has zero beds, zero baths, and square feet is "not applicable". The small lot is also overgrown with dry grass and weeds.
So, how much does this prime real estate go for? A cool $3,990,000. Yes, it's basically 4 million dollars to call this shack your new home. If that sounds intimidating, don't worry - it's only $15,630 per month.
Of course, the company describes the property as a very rare development opportunity in Kitsilano. Most Vancouver real estate gets quickly picked up from foreign hotshots looking to develop in the expensive city.
If you're wondering how big the lot is, you'll have to call the real estate company to find out. They don't have that information listed online. Here's the link to the advertisement.