425 E 56TH AVENUE
Vancouver, BC V5X1R5
$2,990,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 3,550 square feet
- Frontage
- 33 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $9,151.12 (2026)
Interior
- Basement
- Full, Unknown, Unknown
- Heating
- Heat Pump
- Fireplace
- None
Parking
- Total spaces
- 1 — covered indicated
- Features
- Carport
Listing Information
- MLS®
- R3157113
- Listed
- August 19, 2026
- Time on market
- On the market for 13 days
- Tax assessment year
- 2026
- Data last synced
- August 28, 2026
Listing provided by: Laboutique Realty · Data source: CREA DDF.
Description
This charming 2024-built character home sits on the high side of a beautiful street, just one block from Main Street and within walking distance to Langara-49th Ave SkyTrain, Langara College, golf course, Sunset Park and Sexsmith Elementary. A rare live-and-invest opportunity featuring a 4-bed, 4-bath main residence, a fully permitted commercial daycare with its own kitchen and washroom, plus a 2-bed, 2-bath laneway home. The daycare is currently operating at full capacity with 8 children, and the business, clientele, equipment and licence can remain. Combined annual income from the daycare and laneway home is approximately $200,000. An exceptional turnkey investment opportunity. (id:63159)
Values & Trends
This listing
$959/sqft
Building average
—
No other active listings in this building
Vancouver average
$1,165/sqft
1216 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Detached (House) Market Stats — Vancouver
Monthly figures from the Fraser Valley Real Estate Board for Vancouver detached (house)listings — not specific to this property.
MLS® HPI Benchmark Price
$2,303,200
Jul 2026
Average Sale Price
$2,623,974
Jul 2026
Monthly Sales
131
Jul 2026
Active Listings
1,316
Jul 2026
Sales-to-Active Ratio
10.0%
Jul 2026
Median Days to Contract
27 days
Jul 2026
MLS® HPI Benchmark Price
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
17°C
Clear
Humidity 100%
Wind WNW 13 km/h
Tonight
14°
Tuesday
20°
Tuesday night
15°
Wednesday
19°
Wednesday night
14°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
662,248
(2021 Census)
+4.9% since 2016
Density: 5,749.7/km²
Dwellings: 328,347
Median household income: $82,000
After-tax: $72,000
Immigrant population: 42.2%
Top countries of origin (% of total population)
- China9.6% · 63,270
- Philippines4.5% · 29,925
- Hong Kong3.8% · 25,485
- India2.2% · 14,640
- United Kingdom1.9% · 12,895
- Viet Nam1.8% · 12,115
- Taiwan1.5% · 9,865
- United States of America1.5% · 9,790
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
41
7/9 categories nearby
Transit
33
5 stop(s) within 800m
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| John Henderson Elementary | Elementary | 391 m |
| Pierre Elliott Trudeau Elementary | Elementary | 539 m |
| St Andrew's(Independent) | Elementary | 869 m |
| J.W. Sexsmith Community Elementary | Elementary | 887 m |
| Walter Moberly Elementary | Elementary | 1.0 km |
| John Oliver Secondary | Secondary | 1.4 km |
| Sir Wm Van Horne Elementary | Elementary | 1.6 km |
| Sir Sandford Fleming Elementary | Elementary | 1.6 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
| Stop | Type | Distance |
|---|---|---|
| Northbound Main St @ E 57 Ave | — | 358 m |
| Southbound Main St @ E 56 Ave | — | 374 m |
| Southbound Main St @ E 54 Ave | — | 394 m |
| Northbound Main St @ 54 Ave | — | 405 m |
| Southbound Fraser St @ E 55 Ave | — | 428 m |
Nearby Places
Restaurants (5+)
- Best Quality Sweets & Restaurant · 7260 Main Street345 m
- Original Tandoori Kitchen · 7215 Main Street378 m
- Dosa Hut · 7233 Fraser Street421 m
- New Novelty Restaurant655 m
- Himalaya Restaurant · 6587 Main Street701 m
Cafes (4)
- Roots Café750 m
- Breka Bakery & Café · 6533 Fraser Street766 m
- Tim Hortons · 6507 Main Street769 m
- Starbucks · 6544 Fraser Street791 m
Grocery (3)
- Bangla Bazar · 6657 Main Street642 m
- Punjab Food Center · 6635 Main Street658 m
- Garden Fresh Food & Grocery · 6529 Fraser Street774 m
Parks (3)
- Sunset Park · 404 East 51st Avenue399 m
- Unnamed772 m
- George Park776 m
Gyms (2)
- Axé Capoeira- Sunset CC · 6810 Main Street483 m
- Sunset Fitness Centre491 m
Pharmacies (2)
- Main Care Pharmacy · 7297 Main Street388 m
- Rexall · 6580 Fraser Street759 m
Banks & ATMs (2)
- RBC Royal Bank · 6509 Main Street758 m
- RBC Royal Bank · 6505 Fraser Street784 m
Nearby places data: © OpenStreetMap contributors.
School district: Vancouver (SD39)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($598,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.