"Literal shack": Vancouver home garners attention thanks to asking price

Re/Max Treeland Realty

A Vancouver home being listed on the real estate market for the first time is garnering attention for its high asking price.

Located at 3563 East 25th Avenue, this two-bedroom, one-bathroom house with only 628 sq ft is selling for a whopping $1,649,000.

Re/Max Treeland Realty’s listing calls the home a “rare opportunity.”

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Re/Max Treeland Realty

It has been listed for less than the assessed value, which BC Assessment currently has at $1,721,000.

Built in 1937, the listing says the small rented home is of “little or no value.”

A post on X about the “literal shack” has led to tons of engagement about the state of land value in Vancouver.

Literal shack for $1.7 MILLION
3563 E 25th Ave- 2 bdrm/1 ba 628 sq ft 😑
And I swear if one person says “It’s the land” I’ll f*cking lose it. #VanRE pic.twitter.com/yScgdSju1o

— Julia Longpre (@juliamarblefaun) May 8, 2024

On the note of land value, BC Assessment says that the building only makes up $10,000 of the total value, with the land valued at $1,711,000.

While there are no pictures of the home’s interior, the listing does feature some exterior shots.

Re/Max Treeland Realty

The home’s land value has jumped massively since 2015, when it was valued at $773,000.

Re/Max Treeland Realty

While some have commented on the state of the home, others would entertain the idea of a home like this.

1.7M for that. Really … go look at what $1.7M would buy in an average USA city. We need to stop preying on each other

— Bruce Irvine (@UrbanIrvine) May 8, 2024

One user on X said, “If this was in decent shape, I’d be so happy with a little house like this.”

Someone else joked that it wasn’t the land.

Its not the land its the insanity!!

— Not X (@davidhatestrump) May 8, 2024