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$2,990,000

425 E 56TH AVENUE

Vancouver · MLS® R3157113

7 bed · 7 bath · 3,117 sq ft · 3,550 sq ft lot · 1 parking

House · Single Family · built 2024 · 50 days on market

Listed by Morning Yu, Laboutique Realty

Realtor's 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.

Property details

Type: House, Single Family
Bedrooms: 7
Bathrooms: 7
Living area: 3,117 sq ft
Lot: 3,550 sq ft
Parking: 1
Year built: 2024
Property tax: $9,151 / yr
Days on market: 50
MLS®: R3157113

Features

Central location
All

Floor plans

Found among the listing photos.

Price check

Typical for the area (-5.1%)

2026 assessment: $2,520,000 · asking is +19%
Price per sq ft: $959 vs $1,011 median for houses in Vancouver for sale (1695)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 50 days · no price changes so far

The market here

Listed now: 57 days; median for 1705 houses for sale; this one 50 days

Houses in Vancouver. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$13,790/mo

Mortgage $13,027 · Tax $763

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$13,027/ monthly

loan $2,392,000

25-year amortization

down payment20% · $598,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 8, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,516,143
property transfer tax: $67,700; BC general rate
cash to close: $665,700; down + PTT
total paid: $3,908,143

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Henderson Elementaryhomes in this catchment
400 m away · 451 53rd Ave E, Vancouver · 604-713-4837
Secondary John Oliver Secondaryhomes in this catchment
1.4 km away · 530 41st Ave E, Vancouver · 604-713-8938

From the Vancouver School Board's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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