516 3456 Commercial St, Vancouver BC - Apartment/Condo for Sale - MLS# R3123067

$699,000
Est. Mortgage $3,092/mo
Mercer
1 Beds
1 Baths
691 sqft
1012 $ /sqft
484.84 $ Maint. fee
2015 built
$699,000
Est. $3,092/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

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Property Details for 516 3456 Commercial Street

On the top floor and tucked away on the quiet, west-facing side of the Mercer, this beautifully laid out 1 bed+den+storage home offers exceptional liveability in one of East Van’s most loved areas. Golden hour light pours in from both sides thanks, creating a bright, airy feel with lovely cross-breezes, sunsets and peekaboo mountain views. Live well with the chef-inspired Cressey kitchen, west-facing balcony accessed from the LR and bedroom, multifunctional den, walk-in closet, and rare in-suite storage/laundry room. Life here is quiet, with no-one above, but active when you want to, being just steps to Trout Lake, parks, cafés, great schools, and the skytrain. A warm, community-oriented hood known for its incredible parks, people, and unforgettable Halloweens.

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, Electric
Laundry In Unit
# of Kitchens 1
Flooring Hardwood, Tile
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
Roof Torch-On
Structures Multi Family, Residential Attached

Building Details

Price $699,000
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 691
Year Built 2015
Age Of Building 11
Building Type Apartment/Condo
Property Type Residential
Architecture Style Penthouse
Stories 1
Building Amenities Bike Room, Trash, Maintenance Grounds, Gas, Hot Water, Management, Sewer, Snow Removal, Water
Building Name Mercer
Ownership Type Freehold Strata
Maintenance Fee $484.84
Community Features Shopping Nearby
Amenities Nearby Bike Room, Trash, Maintenance Grounds, Gas, Hot Water, Management, Sewer, Snow Removal, Water
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Garage Under Building, Lane Access, Asphalt
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns,Smoking Restrictions
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Restrictions 100
Rental Suites None
Units In Development 48

Lot & Land

Lot Size Depth Feet
MLS® # R3123067
Area Vancouver East
Neighbourhood Victoria VE
City Vancouver
Postal Code V5N 4E9
Gross Taxes $2,326.22
Zoning MC-1

Property Timeline

Status Date Price
R3123067 / Pending 05-13-2026 $699,000
Rooms
Floor Type Dimensions
Main Level Kitchen 14'3 x 14'3 ft
Main Level Dining Room 11'10 x 11'10 ft
Main Level Living Room 10'5 x 10'5 ft
Main Level Primary Bedroom 10'5 x 10'5 ft
Main Level Walk-In Closet 7'2 x 7'2 ft
Main Level Den 7'5 x 7'5 ft
Main Level Laundry 8'7 x 8'7 ft
Main Level Foyer 5'11 x 5'11 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Rennie & Associates Realty Ltd.

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
Gladstone Secondary School
0.71 km
Elementary
Lord Selkirk Elementary School
0.44 km
Elementary
Lord Selkirk Annex
1.01 km

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

Private Schools

Elementary
St.Joseph's School
Above Average
0.38 km
8/10
Elementary, Secondary
Stratford Hall School
Above Average
0.44 km
8.7/10

Closest Transit

Bus Stop
Southbound Victoria Diversion @ Commercial St
0.03 km
Skytrain
Skytrain @ Commercial-Broadway Stn
0.97 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
35.5%
No Certificate/Degree
Above Average
16.1%
Owner Occupied
Average
64.7%
Employment Rate
Average
64.3%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Possible
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 516 3456 Commercial Street

BC Assessment Value — 516 3456 Commercial Street

2026 assessed value, sourced from City of Vancouver open data (PID 029-590-604).
Total Assessed Value (2026)
$721,000
-3.4% YoY
-0.8%/yr over 4 yr
2022 Value Trend 2026
Land
$570,000
Buildings
$151,000
Year Built
2015
Class
Industrial
Zoning
MC-1
Property Tax
$2,425
Year Land Improvements Total Assessed YOY Change
2026 $570,000 $151,000 $721,000
-3.4%
2025 $590,000 $156,000 $746,000
-4.6%
2024 $618,000 $164,000 $782,000
-0.8%
2023 $623,000 $165,000 $788,000
+5.8%
2022 $576,000 $169,000 $745,000

Mortgage Calculator for 516 3456 Commercial Street

/month
Principal & Interest
Property Taxes $194
Maintenance fee 484.84
Based on a 30-year fixed at 4% interest with 20% down ($139,800), the estimated monthly payment for this listing is $3,349/month — $2,670 principal & interest, $194 property tax, $485 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 $2,586/month, this property runs a $820/month shortfall after mortgage and carrying costs. Break-even requires approximately 45% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Victoria VE, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $699,000
Vancouver Loading...
Victoria VE Loading...

Based on 15 comparable active apartments/condos in Victoria VE, the average asking price is $596,555. This listing is priced 17.2% above the neighbourhood 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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