Pierre Poilievre did a campaign video about this Vancouver house. Here’s the story of how its price climbed from $265,000 to $4.9 million

The Conservative leadership candidate said the humble dwelling might have once been a ‘piece of heaven’ for a working-class family.

VANCOUVER—A roof with spotty collections of black gunk and moss tops this house, which was built nearly 100 years ago. Paint is flaking off the window frames, while the front gate, part of a fence surely longing for its youth, sits ajar and half resting on the front lawn.

That’s because Conservative Party of Canada leadership candidate Pierre Poilievre wants you to know this place could be yours for nearly $5 million. Rachel Choi lives next to the property. When she moved in more than a year ago, she says, she was told it would be developed but no work has started and there’s renters living in it now.

According to property records, the house was originally built in 1930 as a single-family home of 1,805 square feet with four bedrooms on a large double lot. There’s a wide, flat lawn, a couple of fruit trees, a small laneway house and a pergola in the backyard: An example, it would seem, of a modest family home in a middle-class neighbourhood.

A complicating factor in the price of that land, Condon said, is that the value is not based solely on how much land is available.

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