425 E 56th Avenue — Vancouver East


$ 2,990,000 FOR SALE MLS# R3157113
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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 $170,000–$200,000. An exceptional turnkey investment opportunity.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms7
Bathrooms7
Living Area3,117 sqft
Lot Area3,550 sqft
Property TypeResidential – Single Family Residence
StyleLaneway House
MLS® R3157113
StatusActive
Listing BrokerLaboutique Realty

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed
1 event on record for this property

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Market Overview

South Vancouver · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes105
Median Asking Price $ 1,790,000 $ 2,990,000
Median Price per SqFt $873 $959
Median Days on Market 76
Sold Properties Aug 2026Jul 2026Aug 2025
All Homes 0 ▼100.0% 1 9
Median Selling Price ▼100.0% $ 1,450,000 $ 1,705,000
Median Price per SqFt ▼100.0% $697 $779
Median Days on Market 2511
Median Discount Off Ask 9.4%2.0%
New Listings 15226
Months of Inventory 22.5

At the current sales pace, it would take about 23 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

South Vancouver: Number of Sales

South Vancouver: Median Sold Price

South Vancouver: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for South Vancouver. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.