Property Type: Condo / ApartmentOwnership: Strata

401 988 RICHARDS STREET

Vancouver, BC V6B8R2

$1,899,900

2 bed3 bath2 parking2,055 sqftBuilt 2006
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment
Style
2 Level

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$1,468/mo
Annual property tax
$5,354.06 (2025)

Interior

Heating
Forced air, Electric, Natural gas
Cooling / A/C
Air Conditioned
Fireplace
None
Appliances
All, Oven - Built-In

Exterior & Lot

View
View
Lot features
Central location, Private setting, Treed, Elevator

Building

Parcel ID (PID)
026-725-223

Parking

Total spaces
2

Restrictions & Policies

Pets
Allowed

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

Listing Information

MLS®
R3126078
Listed
May 21, 2026
Time on market
On the market for 103 days
Tax assessment year
2025
Data last synced
August 31, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

If you value spaciousness, you will love this "WOW" 2000sf loft´s openness - a condo that FEELS LIKE A HOUSE. Design lovers will appreciate 16-ft ceilings with floor-to-ceiling windows, uninterrupted wall space & natural light. The developer of concrete, BOUTIQUE Tribeca Lofts combined 2 units into a one-of-a-kind home wrapped around a courtyard for ABSOLUTE QUIET - a rarity for Yaletown. A refined interior features a large kitchen island, an architectural staircase, glass balustrades and motorized blinds with a generous office space that could be a dining area or even guest room. King-sized ensuite primary overlooks living area below; a second ensuite bedroom is ideal for office/occasional guests. 2 parking, PRIVATE storage ROOM + locker in well-run strata - no large projects for 10 years. OPEN Sun 2-4pm (id:63159)

Values & Trends

This listing

$925/sqft

Building average

$1,071/sqft

1 active listing(s)

Vancouver average

$1,094/sqft

2087 active listing(s)

Parking: 2 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
Claren Academy(Independent)Elementary163 m
Lowell High School(Independent)Secondary407 m
Pattison High School(Independent)Secondary473 m
Columbia Academy(Independent)Secondary651 m
Elsie Roy ElementaryElementary664 m
Anchor Point Montessori(Independent)Elementary754 m
Franklin School(Independent)Secondary858 m
Alexander Academy(Independent)Secondary908 m

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
Northbound Seymour St @ Nelson St120 m
Southbound Granville St @ Nelson St248 m
Southbound Cambie St @ Nelson St274 m
Northbound Cambie St @ Nelson St281 m
Northbound Granville St @ Smithe St314 m

Nearby Places

Restaurants (5+)

  • 24 Train Express Noodle House · 550 Nelson Street94 m
  • El Guapo · 1011 Hamilton Street138 m
  • The Parlour · 1011 Hamilton Street143 m
  • Tutto · 901 Homer Street144 m
  • Ignite Pizzeria · 987 Mainland Street157 m

Cafes (5+)

  • Moving Coffee Bar · 950 Homer Street94 m
  • Nero Belgian Waffle Bar · 1002 Seymour Street115 m
  • Starbucks · 960 Seymour Street120 m
  • No Bad Days Vancouver · 605 Nelson Street144 m
  • Kafka's Coffee · 860 Richards Street163 m

Grocery (5+)

  • Nesters Market · 990 Seymour Street110 m
  • H Mart · 590 Robson Street312 m
  • IGA · 489 Robson Street328 m
  • Choices Market · 1202 Richards Street362 m
  • Urban Fare · 177 Davie Street478 m

Parks (5+)

  • Yaletown Park157 m
  • Rainbow Park (sθәqәlxenәm ts'exwts'áxwi7) · 872 Richards Street195 m
  • Emery Barnes Park295 m
  • Helmcken Park339 m
  • Ring Gear471 m

Shopping (4)

  • Vancouver Centre · 753 Seymour Street473 m
  • Winners · 660 Granville Street628 m
  • CF Pacific Centre · 701 West Georgia Street630 m
  • Holt Renfrew · 737 Dunsmuir Street740 m

Gyms (5+)

  • Oxygen Yoga & Fitness · 525 Smithe Street170 m
  • Barre Fitness · 1038 Mainland Street237 m
  • Pure Barre · 1128 Homer Street258 m
  • Sculpt Studio · 1083 Cambie Street272 m
  • DibFit Cycle · 806 Homer Street296 m

Pharmacies (5+)

  • Shoppers Drug Mart · 1006 Homer Street104 m
  • Sina · 505 Smithe Street168 m
  • Granville Pharmacy · 1146 Granville Street343 m
  • Howe Street Pharmacy · 1070 Howe Street348 m
  • Pure Integrative Pharmacy · 238 Robson Street379 m

Banks & ATMs (5+)

  • RBC Royal Bank · 996 Homer Street89 m
  • TD · 1001 Hamilton Street123 m
  • BMO · 1004 Hamilton Street154 m
  • Bitcoin ATM Localcoin · 560 Smithe Street158 m
  • CIBC · 1096 Homer Street194 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Other Listings in This Building

Other units currently listed in the same building. 401 988 RICHARDS STREET

View building profile →
Built 2006

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($379,980) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,519,920.00
Periodic payment — Principal & Interest (monthly)$9,806.01
Additional monthly expenses (strata, tax, utilities, etc.)$2,016.80
Total monthly cost$11,822.81
Interest paid over 5-yr term$435,613.44
Balance at end of term$1,367,172.96

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$379,980
Stress test qualifying rate8.09%
Payment you must qualify for$11,687.65

Cash Needed at Closing

Minimum down payment$379,980
Estimated BC PTT$35,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$417,478

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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