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Vancouver house left to deteriorate now on market for $7.2 million

Vancouver house left to deteriorate now on market for $7.2 million
 

An empty house in the 4100-block West 8th Avenue in Vancouver as it appeared on Feb. 3.

Photograph by: Steve Bosch , PROVINCE

VANCOUVER -- A $6.2-million Point Grey home that has been left to rot by a Chinese real estate tycoon now is on the market for $7.2 million.

In early February Postmedia News reported that the home — in the 4100-block West 8th Avenue, bought for $4.6 million in July 2011 by Huaican Ren and his wife Xuepei Sun — was subject to a City of Vancouver “untidy premises” order.

Huaican Ren is founder of a number of China-based companies with interests in real estate development, as well as gemstones, retailing, tourism, and restaurants. His wife is a shareholder in companies.

According to the Global Real Estate Institute, Huaican Ren is chairman of Kunming North Star Enterprise Company Limited and is among “the world’s leading real estate players.”

B.C. property documents say Huaican Ren and his wife bought the Point Grey home through a property transfer in a Beijing law office.

The previous owner, a Chinese investor, flipped the home shortly after buying it for $3.35 million in 2010.

In early February, a City of Vancouver “untidy premises” order made in June 2015 was left pinned to the Point Grey home’s door.

A neighbour said the wealthy couple had never been seen in the vacant home, which features broken windows and rotting structure.

Huaican Ren and his wife also own a $3.57-million Arbutus Ridge home that also appeared to be vacant.

The Province attended the Arbutus Ridge home last week seeking to speak to Huaican Ren for this story, and attempted to reach Huaican Ren through the listing brokerage for the Point Grey home.

No one answered the door at the Arbutus Ridge home. Windows were shuttered, but a phone book that could be seen left on the home’s porch in early February had been removed. Huaican Ren could not be located for comment.

The Point Grey home was put up for sale shortly after the first report by Postmedia News in early February.



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