302 - 688 E 56th Avenue, Vancouver, V5X 1R7 — photo 1

$548,888

302 - 688 E 56th Avenue, Vancouver, V5X 1R7
Active
2 Bedrooms 1 Bathrooms 716 sqft Built 1997 Residential

About This Property

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.

GST IncludedLegal SuiteViewStorage LockerFireplace

Property Details

MLS #

R3039180

Status

Active

Type

Residential

Sub-type

Apartment/Condo

Ownership

Freehold Strata

Zoning

C-1

Bedrooms

2

Full Baths

1

Half Baths

0

Kitchens

1

Fireplaces

0

Living Area

716 sqft

Main Floor

716 sqft

Stories

3

Year Built

1997

Age

29 years

Construction

Concrete, Frame Wood, Mixed (Exterior), Stucco

Structure

Multi Family, Residential Attached

Parking Stalls

1

Garage Spaces

1

Parking Type

Garage Single, Rear Access, Side Access, Concrete, Garage Door Opener

Facing

Northeast

Original Price

$599,000

Strata Fee

$350/mo

Taxes

$1,718/yr

Listed

2025-08-20

MLS Area

South Vancouver

City

Vancouver

Postal Code

V5X 1R7

Subdivision

Fraser Plaza

Features & Finishes

Heating

Baseboard

Flooring

Laminate · Mixed

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Laundry

In Unit

Fireplace

Electric

Security

Smoke Detector(s)

Interior Features

Elevator

Exterior Features

Balcony

Building & Community

Total Units

26

Pets

Cats OK, Dogs OK, Number Limit (One), Yes With Restrictions

Restrictions

Pets Allowed w/Rest.

Strata Mgmt Co.

604 REAL ESTATE SERVICES INC.

Strata Mgmt Phone

604-689-0909

Transit

STEPS

Schools

10 MINS WALK

View

RICHMOND

Lot Features

Central Location

Water Source

Public

Sewer

Public Sewer

Utilities

Community, Electricity Connected, Water Connected

Community

Restaurant, Shopping Nearby

Building Amenities

Caretaker · Trash · Hot Water · Snow Removal

Disclosures

Property Disclosure

Yes

Coordinates: 49.218854, -123.091153 · Map data © Google

9.6

Hot Deal

Deal Score out of 10

Strong value relative to the market with clear seller motivation signals.

Value vs market20% below market $/sqft
Days on market258 days — significantly stale, strong negotiation position
Price historyPrice dropped 8% from original ask — seller showing motivation
Market conditionsBuyer's market — avg 97% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$521,296

5% below asking price

Negotiation Range

$507,574$529,529

$21,955 spread

$507,574$548,888 ask

Based on 82 recent sales, a starting offer around $521,296 (5% below ask) is reasonable. Your negotiation range is $507,574 – $529,529.

What's factored in

Market baseline82 recent Vancouver sales closed at median 96.8% of list price
Price already reducedSeller dropped from 8% off original ask — indicates motivation
Extended market time258 days listed — well above market avg of 175 days, increased negotiation leverage

Based on 82 residential sales in Vancouver (last 60 days) · Updated May 4

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