This Rundown House In BC Is Worth $1.4 Million & Even The City Wants It Demolished (PHOTOS)

It is "a nuisance and a hazard." 🏠

Vancouver Editor
This Rundown House In BC Is Worth $1.4 Million & Even The City Wants It Demolished (PHOTOS)

House prices in B.C. just got even more incredible, with this rundown shack being valued at $1,457,000.

The home is covered by shrubbery and is on a relatively small piece of land. Yet, somehow it is still super expensive.

It's actually in such bad condition that the City of Port Coquitlam ordered the owner to demolish it in June 2021. The report from the council meeting said that it is "a nuisance and a hazard as it creates an unsafe condition and is a danger to public health and safety."

The house, located at 2224 Mary Hill Rd., looks to require a little bit of tender loving care.

Google Street View

According to BC Assessment's website though, it has some kind of value — over a million dollars to be exact.

The website's 2022 assessment of the home estimated the value as of July 1, 2021. It said that the land is worth $1,447,000 and the building is only worth $10,000. This is a big jump from the previous year's value when the building was worth $4,900.

Google Street View

Although the building itself isn't that expensive, it's still a shockingly high price for a home that looks completely unlivable. The land holds the majority of the value, but at 7760 square feet — and not very well maintained, it seems like it still doesn't seem worth it.

Google Street View

The website also said that the house was built in 1953, has three bedrooms, and one bathroom.

With rising house prices in Canada and in B.C., this might just be a new reality.

Vancouver is known for its expensive cost of living, which gets especially tricky if you want to have kids. Some people have decided that it's not worth it to start a family here and are packing their bags.

Inevitably, kids require people to spend more money. In a city that already has super high rent and home prices, it makes sense that some people don't want — or financially can't afford — to have children there.

Keep Reading Show less

In the midst of all the defeating headlines that keep young would-be homebuyers up at night, there’s a glimmer of hope — well, depending how you look at it — on the housing price front in British Columbia (BC).

According to the BC Real Estate Association (BCREA), the province’s real estate sales could drop 25% after the Bank of Canada’s anticipated rate tightening — and prices could finally moderate too.

Keep Reading Show less

The cost of buying a home in Canada is no joke and the prices you see online can sometimes be enough to make you close your internet browser immediately.

So, what can $100,000 actually get you in Canada? Well, the short answer is that it all depends on where you live!

Keep Reading Show less

This entire resort in B.C. is for sale, and it's a business ready for you to take over.

If you've been thinking about a career change, now might be just the time to take the leap. Why not get a new home while you're at it, and live on this stunning lakefront resort?

Keep Reading Show less