East Vancouver home's $1M listing price could 'cause a riot,' realtor says

The unusually low listing price for a detached home in East Vancouver that features both a basement suite and laneway house is raising eyebrows online.

The six-bedroom, six-bathroom property on Fleming Street is being advertised for just $1 million – something local realtor Jimmy Ly said would likely attract a frenzy of desperate prospective homeowners.

"What the sellers are doing to this house is going to cause a riot," Ly said in a viral TikTok video.

"Like I understand listing below market value, but this?"

The property is located in the Kensington-Cedar Cottage neighbourhood in East Vancouver, where the benchmark price of a detached home was $1.74 million last month, according to the Real Estate Board of Greater Vancouver.

That benchmark is just below the home's appraised value, as of the most recent assessment.

The listing, which was posted last week by YVR International Realty, promises "high rental income and cash flow" between the basement unit and laneway house.

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