Vancouver century home with Cadillac buried in yard listed under assessed value
A Vancouver home with a unique garden feature has been listed for an asking price that is under BC Assessment’s latest annual updated value.
3056 W. 6th Avenue is a century home in Kitsilano listed by Engel & Volkers Vancouver for $2,999,000.
That is slightly under the current assessed value of the house, which is $3,015,000.
The four-bedroom, three-bath building sits on a nearly 6,000 sq. ft. lot, and the home, built in 1926, offers over 2,600 sq. ft. of space.
Daniel Chai/Daily Hive
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“The property offers excellent flexibility: renovate the existing home, build a new family residence or explore the multi-unit options available under RT-7 zoning, including multiplex and duplex with infill,” reads the online listing.
An eye-catching feature of the home is a vintage 1960 Cadillac Coupe de Ville planted in the front yard for passersby to take photos of.
The dark green paint job has seen better days, though, with pink and red original colours showing through. The vehicle also has a Washington license plate affixed to the rear.
Daniel Chai/Daily Hive
Daniel Chai/Daily Hive
Engel & Volkers Vancouver described the wide, flat lot at 3056 W. 6th Avenue as being in a “quiet, walkable location close to parks, schools, shops, and transit.”
“An ideal site for a range of future plans. Kitsilano is experiencing a notable wave of new development, reinforcing its long-standing reputation as one of Vancouver’s most desirable and resilient neighbourhoods,” the real estate firm stated.
Engel & Volkers Vancouver
Engel & Volkers Vancouver
According to the listing, the two-level home was last sold in March 1993 for $495,000.
The property has seen some fluctuations in value over the past four years, from a recent low of $2.96 million in 2022 to $3.26 in 2024.
Daniel Chai/Daily Hive
The latest property assessment figures for 2026 show that residential real estate values across the Lower Mainland — the combined areas of Metro Vancouver and the Fraser Valley — have generally declined compared with last year, underlining the ongoing cooling trend in the regional housing market.
BC Assessment’s latest annual update reflects market values as of July 1, 2025, issued to about 1.14 million property owners in the region.
Overall, the total assessed value of property in the Lower Mainland dropped to approximately $1.92 trillion, down about five per cent from about $2.01 trillion in 2025 levels, despite an increase in the number of properties assessed. New construction, rezoning and subdivision activity added roughly $24 billion in value, cushioning some of the broader downturn.
With files from Kenneth Chan.