Rundown Vancouver house for $2.4M: Ridiculous or a bargain?

An 86-year-oldhome on Vancouver's west side, recently listed for just under $2.4 million, has raised the ire of the online world as yet another example of the region's skyrocketing house prices.

However, this cheekily-dubbed "dream home" could be considered a bargain for Vancouver's Point Grey neighbourhood if you've got the money.

A mere 800-metres away, a brand new homeon a similar lot size is selling for nearlydouble the price.

Photos show the fixer-upper located at 4453 West 14th Ave.is in disrepairbut with a lot size of 4,062 square feet, it could serve as someone's future dream home.

Photos from theKavanaghGroup

Investment potential?

Those with enough capital could consider tearing down the old home to build another.

Two blocks away, a brand new home with a 4,031-square feet lot slightlysmaller than the 86-year-old-house sellsfor $4.3-million.

Thetwo-storey home at 4196 W.12thAvenueboasts fourbedrooms and six bathrooms.

Photos fromRennieand Associates