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A rundown residence on Barclay Street in downtown Vancouver that only needs “a little TLC” would need a buyer with considerably large pockets.

The two-storey, 1922 house on 1511 Barclay has four bedrooms, three bathrooms and an eye-popping list price of $6.98 million. That’s especially noteworthy considering the same house sold for $2.8 million just over two years ago, $700,000 above its then-asking price. Land-title documents list the current owner as Sahara Jetha.

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The reason for the high price tag — now and then — is: “Location, location, location!!!,” according to the description of the listing by realtor Sydney Deng of Royal Pacific Realty Corp.

Photo by Nick Procaylo / PNG

The property is being marketed as a “land assembly” and an opportunity for “investment and self-use.”

The 2,372-square-foot house has a “well-laid-out floor plan,” said the ad, with two bedrooms and living space on the main floor, another bedroom on the top floor and a fourth bedroom in the basement.