302 688 E 56th Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R3039180

$548,888
Est. Mortgage $2,428/mo
Fraser Plaza
2 Beds
1 Baths
716 sqft
767 $ /sqft
350 $ Maint. fee
1997 built
8.4% price reduction
$548,888
$599,000
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

8.4% price reduction

2 bedroom top floor condo with Richmond view. Spacious open layout, elevator, in-suite laundry. Renovated bathroom. Close to bus, and shops like Superstore, and restaurants. Secured parking. Great location; measurement approximate. Owner occupied. Give plenty of time for viewing. 10 minutes walk to John Henderson Elementary School. Quiet side of the building. Pet allowed. The unit is presently doing updates such as fresh paints, new kitchen counter-top, blinds, and lightings (pictures to follow). New carpet and painting in the hallway. 1 parking & 1 locker plus storage inside the unit. Quick completion ok.

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 $350
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® # R3039180
Area Vancouver East
Neighbourhood South Vancouver
City Vancouver
Postal Code V5X 1R7
Gross Taxes $1,718
Zoning C-1

Property Timeline

Status Date Price
R3039180 / Active 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
1.55 km
Elementary
John Henderson Elementary School
Below Average
0.52 km
2.9/10

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

Private Schools

Elementary
St. Andrew's
0.99 km
Secondary
Royal Canadian College
2.38 km

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

Nearby Restaurants, Cafes & Shops

Schools NearBy

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

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 0
Based on a 30-year fixed at 4% interest with 20% down ($109,778), the estimated monthly payment for this listing is $2,589/month — $2,096 principal & interest, $143 property tax, $350 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%
At an estimated rental income of $2,085/month, this property runs a $558/month shortfall after mortgage and carrying costs. Break-even requires approximately 42% 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 $621,322 across 49 active listings — this listing is 11.7% below the Vancouver average. This property is flagged as a Hot Deal (8.4% price reduction) based on its competitive pricing and market demand.

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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