Vancouver's cheapest house for sale brings starter home charm and development potential

The cheapest detached house for sale in Vancouver right now advertises the quaint charm of a starter home paired with development potential for resale value.

The house is at 3315 Knight St. in Kensington-Cedar Cottage, and asks its new owners to pay just under $1.2 million for it.

It’s got four bedrooms and two bathrooms on a 3,600-square-foot lot in the RM-1N zone. That means the detached house could be re-developed into a multi-family dwelling in the future.

Virtually staged living room at 3315 Knight St. (REW)

Virtually staged dining room at 3315 Knight St.(REW)

The kitchen at 3315 Knight St. (REW)

Listing agent Faith Wilson bills the home as “ideal for family gatherings.”

“The bright kitchen opens onto a sunny deck, perfect for morning coffee or outdoor dining, overlooking the large backyard space, ideal for gardening or play,” she wrote in the listing.

The home’s lower level has a separate entrance in case the new owners want to use it as a rental suite.

The Canadian Real Estate Association pegs the benchmark price of a detached house in Vancouver at just over $2 million. The home at 3315 Knight St. is well below the city’s average price for a detached house.

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