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$1,399,900

1227 RICHARDS STREET

Vancouver · MLS® R3148144

2 bed · 2 bath · 1,269 sq ft · 2 parking

Townhouse · Single Family · built 2003 · 81 days on market

Listed by Josh Spence, Royal LePage Sterling Realty

Realtor's description

Welcome home to this beautifully renovated concrete townhome in the heart of Yaletown, built by awarding winning developer Bosa. Amazing floorplan that boasts 16 foot vaulted ceilings in the living room complimented with huge windows, offering an abundance of natural light. Upstairs enjoy a loft style rec-room with a custom live edge sit up bar, remote controlled drop down projector screen and wet bar, this space could also be converted back as a 3rd bedroom. Spacious primary bedroom with updated ensuite, walk-in closet. Features also include top of the line engineered hardwood floor, granite counter in kitchen and bathrooms. Bright office space, large in-suite laundry/storage room, 2 parking stalls and more. Amazing amenities in the building include gym, steam room, hot tub and bike room.

Property details

Type: Townhouse, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,269 sq ft
Parking: 2
Year built: 2003
Property tax: $4,097 / yr
Strata fee: $817 / mo ($0.64 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 81
MLS®: R3148144

Features

Central location
Wet bar
Pets Allowed With Restrictions
All

Price check

Above typical for the area (+7.4%)

2026 assessment: $1,256,000 · asking is +11%
Price per sq ft: $1,103 vs $1,027 median for townhouses in Vancouver for sale (480)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 81 days · no price changes so far

The market here

Listed now: 45 days; median for 497 townhouses for sale; this one 81 days

Townhouses in Vancouver. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$1,256,000	$4,224

The listing shows $4,097 a year in property tax.

Estimate: the BC Assessment value times Vancouver's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$7,257/mo

Mortgage $6,099 · Tax $341 · Strata $817

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$6,099/ monthly

loan $1,119,920

25-year amortization

down payment20% · $279,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $709,849
property transfer tax: $25,998; BC general rate
cash to close: $305,978; down + PTT
total paid: $1,829,769

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $3,258/mo
After all costs: −$4,435/mo
Cap rate: 1.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $6,099 · tax $341 · strata $817 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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

The building's lot: 2,509 m² (27,007 sq ft) · PID 025-745-034. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Elsie Roy Elementaryhomes in this catchment
400 m away · 150 Drake St, Vancouver · 604-713-5890
Secondary King George Secondaryhomes in this catchment
1.8 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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