Property Type: Detached HouseOwnership: Freehold

549 E 56TH AVENUE

Vancouver, BC V5X1R6

$1,688,000

5 bed3 bath6 parking2,290 sqftBuilt 1983
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Property Details

Property & Lot

Sub-type
House
Lot size
3,564 square feet
Frontage
33 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,215.15 (2025)

Interior

Basement
Full, Unknown, Unknown
Heating
Forced air, Natural gas, Combination
Fireplace
Yes (2)

Exterior & Lot

View
View

Parking

Total spaces
6

Listing Information

MLS®
R3149539
Listed
July 23, 2026
Time on market
On the market for 39 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.

Description

Located in highly desirable Vancouver South. This well-maintained Vancouver Special offers exceptional value and convenience just steps to transit, parks, top-rated schools, shopping, and Langara College. Featuring 5 bedrooms, this home includes a bright upper level with spacious living areas and a functional layout, plus a self-contained mortgage helper suite with separate entry-perfect for extended family or rental income. A rare opportunity to own in a family-friendly, amenity-rich neighborhood with strong long-term investment potential. 2 indoor garage. garage.OPEN HOUSE , SATURDAY, AUG.22 (2pm - 4pm) (id:63159)

Values & Trends

This listing

$737/sqft

Building average

No other active listings in this building

Vancouver average

$1,166/sqft

1216 active listing(s)

Parking: 6 stall(s) includedStorage locker: Not indicated

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

$2,657,400
$2,280,700
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Clear

15°C

Clear

Humidity 100%

Wind NW 5 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

30

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

SchoolTypeDistance
John Henderson ElementaryElementary381 m
Pierre Elliott Trudeau ElementaryElementary556 m
Walter Moberly ElementaryElementary803 m
St Andrew's(Independent)Elementary881 m
J.W. Sexsmith Community ElementaryElementary1.1 km
John Oliver SecondarySecondary1.4 km
Sir Sandford Fleming ElementaryElementary1.4 km
Sir James Douglas ElementaryElementary1.6 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

StopTypeDistance
Southbound Fraser St @ E 55 Ave205 m
Northbound Fraser St @ E 56 Ave221 m
Southbound Fraser St @ E 57 Ave259 m
Northbound Fraser St @ E 54 Ave306 m
Southbound Fraser St @ E 53 Ave310 m

Nearby Places

Restaurants (5+)

  • Dosa Hut · 7233 Fraser Street201 m
  • New Novelty Restaurant538 m
  • Best Quality Sweets & Restaurant · 7260 Main Street567 m
  • Original Tandoori Kitchen · 7215 Main Street601 m
  • Yu Xiang Yuan Restaurant · 6591 Fraser Street621 m

Cafes (2)

  • Breka Bakery & Café · 6533 Fraser Street668 m
  • Starbucks · 6544 Fraser Street685 m

Grocery (3)

  • Garden Fresh Food & Grocery · 6529 Fraser Street678 m
  • Money BBQ & Produce · 6457 Fraser Street758 m
  • Bangla Bazar · 6657 Main Street793 m

Parks (3)

  • Sunset Park · 404 East 51st Avenue520 m
  • Moberly Park739 m
  • George Park750 m

Gyms (2)

  • Axé Capoeira- Sunset CC · 6810 Main Street648 m
  • Sunset Fitness Centre656 m

Pharmacies (3)

  • Main Care Pharmacy · 7297 Main Street607 m
  • Rexall · 6580 Fraser Street651 m
  • Fraser Care Pharmacy · 6448 Fraser Street776 m

Banks & ATMs (4)

  • RBC Royal Bank · 6505 Fraser Street690 m
  • TD · 6499 Fraser Street723 m
  • Scotiabank730 m
  • State Bank of India · 6433 Fraser Street777 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($337,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,350,400.00
Periodic payment — Principal & Interest (monthly)$8,712.32
Additional monthly expenses (strata, tax, utilities, etc.)$799.60
Total monthly cost$9,511.92
Interest paid over 5-yr term$387,028.52
Balance at end of term$1,214,689.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$337,600
Stress test qualifying rate8.09%
Payment you must qualify for$10,384.10

Cash Needed at Closing

Minimum down payment$337,600
Estimated BC PTT$31,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$370,860

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.

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