February 19, 2017 11:51 pm

Top 5 cheapest homes sold in Vancouver in 2016, compared to 2006

4248 Slocan Street, Vancouver

Multiple Realty Ltd.
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From hitting a historic peak for sales and prices in March to falling below the 10-year sales average by December, Vancouver real estate was hot and cold in 2016.

The city ended the year with the benchmark price for detached homes at $1,483,500, but there were some homes that sold for almost half that.

Global News accessed MLS sales data for the top five cheapest homes sold in the City of Vancouver in 2016. Our criteria was that they be detached homes with a freehold/non strata title.

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Several of the homes sold for under their asking price, with the biggest discount being given to 1796 Island Avenue, whose buyer nabbed the property for 50 per cent off the listing price.

Virtually all the properties were marketed for lot value and most featured homes that appeared to have been abandoned or severely neglected.

READ MORE: Here’s what $500K homes look like in 14 Canadian cities

It’s a different picture than 10 years ago when the top five cheapest homes all sold for under $330,000. Today, you’d be hard pressed to find a condo in Vancouver for that price.

Scroll below to look at 2016’s cheapest homes compared to the ones that went for the least in 2006.

1. 4248 Slocan Street, Renfrew-Collingwood

  • Sold price: $800,000
  • Listing price: $1,199,000
  • Square footage: 1,800 sq. ft.
  • Lot size: 112 sq. ft.
  • Date sold: Nov. 12, 2016

4248 Slocan Street, Vancouver

Multiple Realty Ltd.

2. 526 East Cordova Street, Downtown Eastside

  • Sold price: $825,000
  • Listing price: $850,000
  • Square footage: 2,100 sq. ft.
  • Lot size: 3,050 sq. ft.
  • Date sold: Oct. 12, 2016

526 East Cordova Street, Vancouver

Regent Park Realty

526 East Cordova Street, Vancouver

Regent Park Realty

3. 1796 Island Avenue, Victoria-Fraserview

  • Sold price: $850,000
  • Listing price: $1,688,000
  • Square footage: 2,000 sq. ft.
  • Lot size: 6,049 sq. ft.
  • Date sold: June 4, 2016

1796 Island Avenue, Vancouver

SRS Westside Realty

4. 605 East Cordova Street, Downtown Eastside

  • Sold price: $850,000
  • Listing price: $950,000
  • Square footage: 1,956 sq. ft.
  • Lot size: 3,050 sq. ft.
  • Date sold: July 23,2016

605 East Cordova Street, Vancouver

Royal LePage Westside

605 East Cordova Street, Vancouver

Royal LePage Westside

5. 1746 SE Marine Drive, Victoria-Fraserview

  • Sold price: $898,000
  • Listing price: $1,030,000
  • Square footage: 770 sq. ft.
  • Lot size: 5,466 sq. ft.
  • Date sold: Sept. 4, 2016

1746 SE Marine Drive, Vancouver

Sutton Group West Coast

1746 SE Marine Drive, Vancouver

Sutton Group West Coast

Now onto 2006, with the top five cheapest homes sold that year. While a lot has changed in Vancouver real estate in the last 10 years, the least expensive homes in 2006 were also all on the east side of the city and were either outdated or considerably rundown.

Despite the large number of tear-downs in recent years, all these homes are still standing and some have been beautifully updated.

READ MORE: Here’s what $1-million homes look like in 16 Canadian cities

2006

1. 4447 James Street, Riley Park

  • Sold price: $300,000
  • Listing price: $300,000
  • Square footage: 2,014 sq. ft.
  • Lot size: 366 sq. ft.
  • 2017 status: Still standing and assessed at $1.9 million

4447 James Street, Vancouver

HomeLife Benchmark Realty (White Rock) Corp. / Google Maps

2. 428 Salsbury Drive

  • Sold price: $310,000
  • Listing price: $345,000
  • Square footage: 1,550 sq. ft.
  • Lot size: 1,752 sq. ft.
  • 2017 status: Still standing, considerably updated and assessed at $1.1 million

428 Salsbury Drive, Vancouver

Amex - Fraseridge Realty / Google Maps

3. 436 Salsbury Drive

  • Sold price: $320,000
  • Listing price: $355,000
  • Square footage: 1,750 sq. ft.
  • Lot size: 2,384 sq. ft.
  • 2017 status: Still standing, considerably updated and assessed at $1.2 million

436 Salsbury Drive, Vancouver

Amex Fraserside Realty / Google Maps

4. 2089 Stainsbury Avenue, Kensington-Cedar Cottage

  • Sold price: $320,000
  • Listing price: $318,800
  • Square footage: 981 sq. ft.
  • Lot size: 1,336 sq. ft.
  • 2017 status: Still standing, updated and assessed at $838,900

2089 Stainsbury Avenue, Vancouver

HomeLife Benchmark Titus Realty / Google Maps

5. 431 Heatley Avenue

  • Sold price: $325,000
  • Listing price: $299,000
  • Square footage: 1,450 sq. ft.
  • Lot size: 1,035 sq. ft.
  • 2017 status: Still standing and assessed at $722,500

431 Heatley Avenue, Vancouver

Macdonald Realty / Google Maps

View the homes on a map:

© 2017 Global News, a division of Corus Entertainment Inc.

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