By The Canadian Press

1930s ‘knockdown’ listed for $2.4M typical in Vancouver’s pricey housing market

Jan 29, 2016 | 1:52 PM

VANCOUVER — It’s missing a few shingles, the bathroom walls show some rot and it needs a paint job, but the tiny home in a tony Vancouver neighbourhood has been listed for nearly $2.4 million and could sell for more.

Ken Wyder, a real estate agent not connected with the home, says the listing price isn’t unusual for a lot in the Point Grey neighbourhood and the home itself is likely a “knockdown.”

Wyder has operated in the Westside neighbourhood for 15 years and says about 90 per cent of such older homes on similar lots — about 10 metres wide — are selling for the property alone.

An open house is planned for the three-bedroom, two-bathroom home built in 1930 on Tuesday and Wyder predicts the listing will garner multiple offers of more than $2.5 million.

Agents for the firm selling the home said they were hired to market and sell the property, and would not be giving interviews.

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The Canadian Press