1002 1055 RICHARDS STREET
Vancouver · MLS® R3167618
1 bed · 1 bath · 562 sq ft · 1 parking
Condo · Single Family · built 2009 · 16 days on market
Listed by Samuel Lam, Sutton Group-West Coast Realty
Realtor's description
Welcome to The DONOVAN by reputable developer CRESSEY. Centrally located in Yaletown; 1 Bedroom & Flex DEN with AIR-CONDITIONING! Features : Spacious 562 SF layout, desirable North-West Exposure with Cityscape VIEW overlooking to the quiet side of building, natural floor-to-ceiling window lighting, kitchen peninsula, s/s appliance package, gas cooking, bedroom built-in storage millwork, covered balcony, 1 Secured PARKING & 1 LOCKER included. Convenience at your doorstep: Yaletown-Roundhouse SKYTRAIN Stn, Emery Barnes, Cooper's & David Lam Park, Seawall, St Paul's Hospital, law courts, Costco & H-Mart, Parq Casino, BC Place & Rogers Arena. The Best of Yaletown, Robson, Granville strip food, shopping & nightlife. Work-Live-Play; Pets & Rentals OK! **OPEN HOUSE : Sunday September 27, 2 to 4pm**
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 562 sq ft
- Parking
- 1
- Year built
- 2009
- Property tax
- $2,146 / yr
- Strata fee
- $434 / mo ($0.77 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 16
- MLS®
- R3167618
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- Refrigerator
- Dishwasher
Monthly cost
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,112/mo
- After all costs
- −$1,315/mo
- Cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $2,610 · tax $179 · strata $434 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-bedroom in Downtown, Vancouver (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Vancouver also charges an empty homes tax. vancouver.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
Schools
Catchment schools, Vancouver School Board
- Elementary šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
- Secondary King George Secondaryhomes in this catchment
1.7 km away · 1755 Barclay St, Vancouver · 604-713-8999
From the Vancouver School Board's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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