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If you’ve given up on the idea of ever owning a home in Vancouver, you might want to keep reading. Because we’ve found a deal we think you’re going to like.

While the average price for a detached home in the city rose to a shocking $1.4 million this year, there’s a newly-renovated waterfront property up for sale that has 4,000 square feet, four floors and more history than you could possibly imagine. The price tag? A cool $299,000.

There’s only one catch: It’s a boat.

Decommissioned by the Royal Canadian Navy several years ago, the HMCS Fortune was originally built in 1954 to house 55 sailors.

“It was a minesweeper, an active vessel in the Canadian Navy that saw some service actually in 1961 in Cuba in the Bay of Pigs,” said Judy Ross, the real estate agent who’s handling the listing.

Over the years, however, the boat has been renovated to be a little more cozy. Three of the old bedrooms and two bathrooms were torn down to make way for a brand new master bedroom that can fit a king-size mattress. The kitchen features new cabinetry and stainless steel appliances. From inside, you can’t even tell that you’re on a boat!

Plus, the vessel is still functional, meaning you can navigate all the uncharted waters you want. The deck (which measures at 152 feet) also doubles as a giant porch and backyard.

While this is a rock-solid deal as far as Vancouver real estate goes, keep in mind that the buyer will also have to pay moorage fees, which can get pretty steep depending on where the boat is docked.

To see the HMCS Fortune yourself, check out the video above.