A rundown residence on Barclay Street in downtown Vancouver that only needs “a little TLC” would need a buyer with considerably large pockets.
The two-storey, 1922 house on 1511 Barclay has four bedrooms, three bathrooms and an eye-popping list price of $6.98 million. That’s especially noteworthy considering the same house sold for $2.8 million just over two years ago, $700,000 above its then-asking price. Land-title documents list the current owner as Sahara Jetha.
The reason for the high price tag — now and then — is: “Location, location, location!!!,” according to the description of the listing by realtor Sydney Deng of Royal Pacific Realty Corp.
The property is being marketed as a “land assembly” and an opportunity for “investment and self-use.”
The 2,372-square-foot house has a “well-laid-out floor plan,” said the ad, with two bedrooms and living space on the main floor, another bedroom on the top floor and a fourth bedroom in the basement.
It sits on a 33-by-131-foot lot on Barclay, just off Nicola Street, between an apartment building and a townhouse in the West End, where single-family dwellings rarely come on the market.
Like most of the West End, the property is zoned RM-5 — another selling point, as it allows for a floor-space ratio of 1.5, or up to 6,484 square feet of living space with the retention of the house and infill in the back.
The RM-5 zoning allows for residential developments with “compatible retail, office, service and institutional uses,” says the city, with an emphasis placed on developments that are compatible with the