Property Type: Condo / ApartmentOwnership: Strata

1601 788 RICHARDS STREET

Vancouver, BC V6B0C7

$1,168,000

2 bed2 bath1 parking1,062 sqftBuilt 2008
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Amenities

Gym

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$1,030/mo
Annual property tax
$3,461.28 (2025)

Interior

Heating
Heat Pump, Electric
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
View
Pool
Indoor pool

Parking

Total spaces
1 — uncovered indicated
Features
Visitor Parking

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3095765
Listed
March 4, 2026
Time on market
On the market for 181 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal Pacific Lions Gate Realty Ltd. · Data source: CREA DDF.

Description

Welcome to L'Hermitage, a luxurious boutique building in the heart of Downtown Vancouver! This 2 bedroom & den corner unit offers spectacular SE views. Luxury chef kitchen with high-end Bosch S/S appliances, Subzero fridge, and large island with plenty of storage. Large living & dining area with floor to ceiling windows and AC. Spacious bedrooms and den. Lavish amenities include 24hrs concierge, gym, heated pool, steam, sauna and lounge. Walk to restaurants, grocery stores, shopping & more! (id:63159)

Values & Trends

This listing

$1,100/sqft

Building average

No other active listings in this building

Vancouver average

$1,094/sqft

2087 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Apartment Market Stats — Vancouver

Monthly figures from the Fraser Valley Real Estate Board for Vancouver apartmentlistings — not specific to this property.

MLS® HPI Benchmark Price

$729,200

Jul 2026

Average Sale Price

$892,419

Jul 2026

Monthly Sales

342

Jul 2026

Active Listings

2,222

Jul 2026

Sales-to-Active Ratio

15.0%

Jul 2026

Median Days to Contract

25 days

Jul 2026

MLS® HPI Benchmark Price

$820,100
$729,200
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Clear

15°C

Clear

Humidity 100%

Wind NW 5 km/h

Tonight

14°

Tuesday

20°

Tuesday night

15°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

662,248

(2021 Census)

+4.9% since 2016

Density: 5,749.7/km²

Dwellings: 328,347

Median household income: $82,000

After-tax: $72,000

Immigrant population: 42.2%

Top countries of origin (% of total population)

  • China9.6% · 63,270
  • Philippines4.5% · 29,925
  • Hong Kong3.8% · 25,485
  • India2.2% · 14,640
  • United Kingdom1.9% · 12,895
  • Viet Nam1.8% · 12,115
  • Taiwan1.5% · 9,865
  • United States of America1.5% · 9,790

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

85

8/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Lowell High School(Independent)Secondary172 m
Columbia Academy(Independent)Secondary282 m
Alexander Academy(Independent)Secondary537 m
Claren Academy(Independent)Elementary539 m
Franklin School(Independent)Secondary553 m
Pattison High School(Independent)Secondary622 m
šxʷwəq̓ʷəθət Crosstown ElementaryElementary774 m
Elsie Roy ElementaryElementary1.0 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Westbound W Georgia St @ Richards St115 m
Westbound W Georgia St @ Homer St118 m
Northbound Seymour St @ Robson St123 m
Northbound Seymour St @ W Georgia St133 m
Westbound Robson St @ Hamilton St143 m

Nearby Places

Restaurants (5+)

  • Fable Diner & Bar · 755 Richards Street49 m
  • JINYA Ramen Bar · 541 Robson Street77 m
  • Brooklyn Dumpling Shop · 488 Robson Street87 m
  • Tractor · 547 Robson Street90 m
  • Memphis Blues BBQ House · 430 Robson Street95 m

Cafes (5+)

  • Cafe Medina · 780 Richards Street22 m
  • Tim Hortons · 463 Robson Street52 m
  • Giovane Caffè · 418 West Georgia Street87 m
  • Starbucks · 498 Robson Street89 m
  • Artigiano107 m

Grocery (5+)

  • IGA · 489 Robson Street53 m
  • H Mart · 590 Robson Street146 m
  • Loblaws · 658 Homer Street223 m
  • ABURI Market · 609 Granville Street359 m
  • Nesters Market · 990 Seymour Street399 m

Parks (5+)

  • Rainbow Park (sθәqәlxenәm ts'exwts'áxwi7) · 872 Richards Street186 m
  • Cathedral Square · 566 Richards Street330 m
  • BC Hydro Plaza330 m
  • Robson Square382 m
  • Yaletown Park399 m

Shopping (5+)

  • Vancouver Centre · 753 Seymour Street188 m
  • Winners · 660 Granville Street299 m
  • CF Pacific Centre · 701 West Georgia Street337 m
  • Holt Renfrew · 737 Dunsmuir Street414 m
  • Harbour Centre · 555 West Hastings Street602 m

Gyms (5+)

  • Sweat Co. · 746 Richards Street38 m
  • DibFit Cycle · 806 Homer Street128 m
  • Train Like Rob - Personal Trainer Vancouver · 658 Homer Street199 m
  • Groundworks Athletics Inc. · 736 Granville Street220 m
  • Oxygen Yoga & Fitness · 525 Smithe Street228 m

Pharmacies (5+)

  • London Drugs · 710 Granville Street216 m
  • Sina · 505 Smithe Street224 m
  • Pure Integrative Pharmacy · 238 Robson Street256 m
  • Shoppers Drug Mart · 586 Dunsmuir Street367 m
  • Shoppers Drug Mart · 1006 Homer Street435 m

Banks & ATMs (5+)

  • RBC50 m
  • CIBC · 783 Richards Street52 m
  • BMO · 455 West Georgia Street131 m
  • TD152 m
  • Scotiabank · West Georgia Street193 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 7.9% ($91,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$934,400.00
Periodic payment — Principal & Interest (monthly)$6,028.43
Additional monthly expenses (strata, tax, utilities, etc.)$1,371.44
Total monthly cost$7,399.87
Interest paid over 5-yr term$267,801.73
Balance at end of term$840,495.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$91,800
Stress test qualifying rate8.09%
Payment you must qualify for$8,275.60

Cash Needed at Closing

Minimum down payment$91,800
Estimated BC PTT$21,360
Legal / closing costs (typical estimate)$1,500
Total cash needed$114,660

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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