While new home construction is common in Vancouver, old home reconstruction is even more so, says agent Walter Wells. "These days, more houses have a construction bin parked in front than an SUV," he says.

This three-bedroom home, which was once a 1920s bungalow, is a perfect example of the renovation projects happening throughout the city. While a second floor was added in the 1980s the new owners plan to renovate again, says Mr. Wells.

With housing prices on the rise, buying an old home with plans to renovated may be a more affordable option than buying new, says Mr. Wells. "This view property was sold to a young family looking to get a foothold in a desirable west side neighbourhood," he says.

The 2,416 sq. ft. home has a wood burning fireplace, a separate one-bedroom suite on the ground level, a sunroom and three bedrooms (including a master suite with mountain views) upstairs.

Set on a 4,290 sq. ft. lot, the home has a sunny south-facing yard with private gardens and is just minutes from numerous parks, schools, recreation and shops.