302 688 E 56th Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R3140446

$548,888
Est. Mortgage $2,428/mo
Fraser Plaza
2 Beds
1 Baths
716 sqft
767 $ /sqft
407.65 $ Maint. fee
1997 built
$548,888
Est. $2,428/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Photos

Property Details for 302 688 E 56th Avenue

2 bedrooms top floor condo. Open layout, in-suite laundry, renovated bathroom. Great location; measurement approximate. Owner occupied. Give plenty of time for showing. 10 minutes walk to John Henderson Elementary School. Quiet side of the building. View of Richmond. Pet allowed. Freshly painted recently, new microwave, blinds, lighting, kitchen counter and more. 1 secured parking & 1 locker plus storage or pantry inside the unit. Few minutes walk to 49th and Fraser. Restaurants and grocery in the area including Superstore to the South.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features Elevator
Fireplace 0
Heating Type Baseboard
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Mixed
Foundation Concrete Perimeter, Other

Exterior Features

Exterior Features Balcony
View Description RICHMOND
Structures Multi Family, Residential Attached

Building Details

Price $548,888
Total Bedrooms 2
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 716
Year Built 1997
Age Of Building 29
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Caretaker, Trash, Hot Water, Snow Removal
Building Name Fraser Plaza
Ownership Type Freehold Strata
Maintenance Fee $407.65
Community Features Restaurant, Shopping Nearby
Amenities Nearby Caretaker, Trash, Hot Water, Snow Removal
Utility Type Community, Electricity Connected, Water Connected
Utility Sewer Public Sewer
Water (WaterSource) Public
Parking Type Garage Single, Rear Access, Side Access, Concrete, Garage Door Opener
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.
Pet Restrictions Cats OK, Dogs OK, Number Limit (One), Yes With Restrictions
Rental Suites Legal Suite
Units In Development 26

Lot & Land

Lot Size Depth Feet
MLS® # R3140446
Area Vancouver East
Neighbourhood South Vancouver
City Vancouver
Postal Code V5X 1R7
Gross Taxes $1,718
Zoning C-1

Property Timeline

Status Date Price
R3140446 / Active 06-25-2026 $548,888
R3039180 / Expired 08-20-2025 $548,888
Rooms
Floor Type Dimensions
Main Level Living Room 13'2 x 13'2 ft
Main Level Bedroom 11' x 11' ft
Main Level Bedroom 11'10 x 11'10 ft
Main Level Kitchen 7'10 x 7'10 ft
Main Level Dining Room 7'3 x 7'3 ft
Main Level Storage 6'9 x 6'9 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3

Listed by: Parallel 49 Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Secondary
John Oliver Secondary School
Average
1.55 km
5.5/10
Elementary
John Henderson Elementary School
Average
0.52 km
4.7/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St. Andrew's
Above Average
0.99 km
7.9/10
Secondary
Royal Canadian College
Average
2.38 km
5.6/10

Closest Transit

Bus Stop
Northbound Fraser St @ E 57 Ave
0.04 km
Skytrain
Skytrain @ Langara-49Th Stn
2.00 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Above Average

Demographics

Post-Secondary Education
Average
28.6%
No Certificate/Degree
Above Average
18.7%
Owner Occupied
Below Average
42.6%
Employment Rate
Above Average
69.8%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

No data
Overall sell-speed score
Moderate pace expected
Price competition grade
No comparable data
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 2.00 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How SOUTH VANCOUVER compares
This property
14 DOM
Listed
South Vancouver avg
Vancouver avg

302 688 E 56th Avenue has a sell-speed score of 50/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V5X 1R7

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5X 1R7, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality B / Good

Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~4.7 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Vancouver currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.

Precipitation Increasing

Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 302 688 E 56th Avenue

Pre-computed routes from 302 688 E 56th Ave, Vancouver, BC

By transit (Skytrain)

  • Downtown Vancouver via Langara-49th → Waterfront
    41 min
  • Metrotown, Burnaby via Langara-49th → Metrotown
    59 min
  • SFU Burnaby via Langara-49th → Production Way
    66 min
  • Richmond Centre via Langara-49th → Brighouse
    38 min
  • YVR Airport via Langara-49th → YVR-Airport
    39 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    9 min
  • Metrotown, Burnaby via Lougheed Hwy
    8 min
  • SFU Burnaby via Gaglardi Way
    16 min
  • Richmond Centre via No. 3 Rd
    8 min
  • YVR Airport via Bridgeport / Sea Island
    8 min

Calculate your commute

302 688 E 56th Ave, Vancouver, BC is ideally located for commuters. The property is 2.0 km from Langara-49th, with a 41 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound Fraser St @ E 57 Ave (0.04 km). Walk Score Transit rating: Good Transit (58/100).

Walkability & Transit Near 302 688 E 56th Avenue

Walk Score Badge
Car-Dependent 83

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 58

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
66

Bike Score - Bikeable

Some bike infrastructure

BC Assessment Value — 302 688 E 56th Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 023-861-487).
Total Assessed Value (2026)
$529,000
-4.0% YoY
+3.9%/yr over 4 yr
2022 Value Trend 2026
Land
$384,000
Buildings
$145,000
Year Built
1997
Class
Commercial
Zoning
C-1
Property Tax
$1,780
Year Land Improvements Total Assessed YOY Change
2026 $384,000 $145,000 $529,000
-4.0%
2025 $400,000 $151,000 $551,000
+1.8%
2024 $393,000 $148,000 $541,000
+4.6%
2023 $374,449 $143,000 $517,449
+14.0%
2022 $319,000 $135,000 $454,000

Mortgage Calculator for 302 688 E 56th Avenue

/month
Principal & Interest
Property Taxes $143
Maintenance fee 407.65
Financing 80% of the $548,888 asking price over 30 years at 4% results in approximately $2,647/month in total estimated carrying costs, $143 property tax, $408 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
This listing generates an estimated $1,981/month in rental income, leaving a -$720/month cashflow at current carrying costs. Investors targeting break-even would need roughly 48% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — South Vancouver, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $548,888
Vancouver Loading...
South Vancouver Loading...

Comparable data is unavailable at the neighbourhood level. City-wide in Vancouver, similar apartments/condos average $635,795 across 53 active listings — this listing is 13.7% below the Vancouver average.

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 302 688 E 56th Avenue

Walk Score Badge
Car-Dependent 83

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 58

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
66

Bike Score - Bikeable

Some bike infrastructure

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