Photo: CTV

More evidence of Vancouver's topsy-turvy housing market.

A 96-year-old home in Vancouver's West End, which is listed as a fixer-upper is on the market for $6.98 million – more than $3 million over its assessed value.

The aging three-storey house at 1511 Barclay Street includes two bedrooms and a bathroom on the main floor, plus separate one-bedroom suites on the top floor and in the basement.

Still, the basement is only "partly finished." The ad reads, "great opportunity for investment and self-use," it reads.

The 2,542-square-foot house was built in 1922.

The house last sold for $2.8 million in October 2015.

The most recent assessment lists the value at $3.45 million.

So far there has been no explanation for the sudden and dramatic increase in value or asking price.

According to B.C. Assessment, a nearby property at 977 Broughton Street that has nine bedrooms and six bathrooms sold in September for $2.8 million, less than $100,000 over its assessed value.

-with files from CTV