I think it’s (un)reasonable to assume that if you have less than $1 million to spend on a house in Vancouver, you are going to be dealing with an old timer/fixer-upper. Say you have just under $800K to invest in a home.
In Toronto, your fixer-upper would look like this:
This detached 3 Storey Victorian home on a 30 x 114 lot offers a private driveway plus lane access at the rear of the property, a converted 2 car garage ready for a studio or work at home situation. It was sold in “as is” condition and went for over asking price back in April. Definitely needs some elbow grease, but looks like there are good bones here.
In Montreal, for your $800K, your “old timer” would look something like this:
This large detached 4 bedroom home is located close to Concordia University. Lots of charm with woodwork and renovations include a kitchen addition and back mudroom, attic renovation, repositioning the stairs to the attic, among others. Could use some modern updates, but overall, a nice little project house. It sold earlier this year.
In nearby Seattle, there are loads of old, charming houses to choose from. Including this one is listed at $785,000 (USD)
With 4 bedrooms, 3 bathrooms the house has been somewhat updated throughout. There is still room for some improvement, but it is a cute home close to the city centre.
Last but not least, our Vancouver old-timer/fixer upper for $789,000:
You could restore this beauty (it is duplex zoned, yippee!) or build new.
Vancouver…are you f*%#ing kidding me??