Years ago, before real estate became speculative investments, homes were considered 'money-pits' - a dark void that sucked all your money.
And a starter home was the quintessential money pit.
As our market turns, and properties languish on the market, will former grow-ops become the new vehicle for those wishing to enter the market on the cheap and improve the home through renovations?
I say this because with properties languishing, those less desirable properties are really starting to slash their asking prices in order to find a buyer - any buyer.
The last is the above pictured 5 bedroom 3,854 square foot house. Located in Maple Ridge at 24243 - 101a Avenue the assessed value of the home is $530,000.
But the home is a former grow op and there is some fire damage.
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