DonLever Posted April 30, 2015 Share Posted April 30, 2015 CTVNews.ca Staff Published Wednesday, April 29, 2015 7:57AM EDT A Vancouver home is raising eyebrows for its narrow size and gigantic price tag. The remodelled home in the city's pricey Point Grey neighbourhood has one bedroom, a den, a high-end kitchen, a living room, plus one and a half bathrooms. But there's a catch the home is only 3.6 metres (12 feet)-wide and approximately 945 square feet in size. Realtor Kristy Mattiazzo said smart design makes the home feel much bigger than it is. "The feel of it, because it has soaring ceilings, is beyond what it looks like on paper When Vancouverites were shown a video of the home most agreed that it was quite nice. Their tone quickly changed, however, when they were told that the sellers were listing the home at $1.35 million. "And it's that small? No," one woman said, appearing shocked. The home is one of a handful of very lean homes that were built in the city during the 1980s. Today, there are only a few that remain. Mattiazzo said prospective buyers need to consider what they're getting beyond just the home for that price. "Land, land is the key here," she said. "Where else are you going to get land in Point Grey for that price?" And despite the high asking price, it doesn't seem that it's out of line with the city's notoriously expensive real estate market. A March report found that the average price for a detached home in Vancouver and Toronto passed the $1 million mark in both cities. Another report from Vancity Credit Union predicted that the average home price in Vancouver will exceed $2.1 million by 2030. And it appears that some buyers aren't letting prices keep them from jumping into the housing market. The narrow Point Grey home sold in just seven days.http://www.ctvnews.ca/business/location-location-location-see-the-12-foot-wide-vancouver-home-sold-for-1-35m-1.2349807 Link to comment Share on other sites More sharing options...
Gstank29 Posted April 30, 2015 Share Posted April 30, 2015 The housing market in Vancouver is riduclousily high. It Doesn't help that "foregin investors" don't care about the price as much as they do moving the money out of the country...... Link to comment Share on other sites More sharing options...
Armada Posted April 30, 2015 Share Posted April 30, 2015 The housing market in Vancouver is riduclousily high. It Doesn't help that "foregin investors" don't care about the price as much as they do moving the money out of the country...... Right? As great as foreign investment is, there needs to be better regulations and higher taxes on it. Link to comment Share on other sites More sharing options...
D-Money Posted April 30, 2015 Share Posted April 30, 2015 First thought: So what? There's lots of old houses about 12-feet... Second thought: Ohhhhhh... ...12-feet wide. Third thought: It's Point Grey. If a 30-foot wide house is 2-3 million, what do you really expect this to be? Link to comment Share on other sites More sharing options...
TOMapleLaughs Posted April 30, 2015 Share Posted April 30, 2015 The place looks on-par with some penthouse finishings. Link to comment Share on other sites More sharing options...
nucklehead Posted April 30, 2015 Share Posted April 30, 2015 That's $112,500/ft. Link to comment Share on other sites More sharing options...
Rounoush Posted April 30, 2015 Share Posted April 30, 2015 The price is ridiculous but it looks really nice inside. I would love that place. Link to comment Share on other sites More sharing options...
hsedin33 Posted April 30, 2015 Share Posted April 30, 2015 Everyday I meet people who moved out of Vancouver to Langley. It seems like people are leaving in droves. Link to comment Share on other sites More sharing options...
Toni Zamboni Posted April 30, 2015 Share Posted April 30, 2015 tiny houses are all the rage these days. http://www.countryliving.com/home-design/g1887/tiny-house/ Link to comment Share on other sites More sharing options...
drummer4now Posted April 30, 2015 Share Posted April 30, 2015 Everyday I meet people who moved out of Vancouver to Langley. It seems like people are leaving in droves. Like Magikal.. Link to comment Share on other sites More sharing options...
Hobbes!!! Posted May 1, 2015 Share Posted May 1, 2015 Looks pretty nice inside! I'm surprised. Link to comment Share on other sites More sharing options...
Offensive Threat Posted May 1, 2015 Share Posted May 1, 2015 Its point Grey, Its an actual house. That alone justifies its price tag. P.S. if you wanted to keep prices in Vancouver affordable then higher taxes and other costs to reduce foreign investment should have been done back in 2000...the Jump between 2000 and 2008 was massive and we cannot do something that will lower the value for people who already own. Theres a lot of citizens carrying huge mortgages that would be financially devastated by a large price drop. Link to comment Share on other sites More sharing options...
Realtor Rod Posted May 1, 2015 Share Posted May 1, 2015 45 minutes away I can sell you a custom built 5,500 sqft home with valley views perched high above everyone else. We move a lot of Vancouverites to the end of the valley. Link to comment Share on other sites More sharing options...
thejazz97 Posted May 1, 2015 Share Posted May 1, 2015 I'm hoping the Vancouver real estate prices will have settled down by the time I get out there... Link to comment Share on other sites More sharing options...
tbone909 Posted May 1, 2015 Share Posted May 1, 2015 I'm hoping the Vancouver real estate prices will have settled down by the time I get out there... Make sure you set you're time machine to about 1984. Link to comment Share on other sites More sharing options...
theminister Posted May 1, 2015 Share Posted May 1, 2015 tiny houses are all the rage these days. http://www.countryliving.com/home-design/g1887/tiny-house/ Without land, you can build this trailer for about $30.000. http://m.imgur.com/gallery/Ikrmb/comment/402583581 Link to comment Share on other sites More sharing options...
mpt Posted May 1, 2015 Share Posted May 1, 2015 I would've considered it, nice and cozy for a retired couple or young professional couple without kids Link to comment Share on other sites More sharing options...
inane Posted May 1, 2015 Share Posted May 1, 2015 45 minutes away I can sell you a custom built 5,500 sqft home with valley views perched high above everyone else. We move a lot of Vancouverites to the end of the valley. And then you can spend half your life sitting in traffic. Link to comment Share on other sites More sharing options...
Electro Rock Posted May 1, 2015 Share Posted May 1, 2015 The price actually makes some sense considering the location IMO. What makes Vancouver so overpriced compared to other cities is that even the less desirable property is surprisingly expensive. Some crappy little teardown in a neighborhood where people park on their front lawns shouldn't be worth a substantial fraction of a bigger better house in a much better neighborhood. Link to comment Share on other sites More sharing options...
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