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1506 1088 Richards Street
homes for sale · Vancouver
1506 1088 Richards Street — photo 1 of 25
1 / 25
$820,000

1506 1088 Richards Street

Vancouver · MLS® R3174851

111

748 sq ft · Condo · Single Family · built 2011 · 17 days on market

listed by Nathalie Shefley, Oakwyn Realty Ltd.

realtor's description

Your sun filled corner retreat in the heart of Yaletown awaits! Welcome to Richards Living, where this beautifully maintained 1 bedroom home offers the space, light and comfort to truly settle in, all with the benefit of low strata fees. Floor to ceiling windows on two sides brighten the spacious corner solarium and frame captivating views into the neighbourhood, perfect for coffee, reading or working from home. A separate den adds flexibility, while the dedicated dining area and inviting living room make hosting feel effortless. Step onto your balcony to enjoy the city outlook and fresh air. The elevated kitchen features granite countertops, European style cabinetry and updated appliances, while the bedroom offers convenient ensuite access. In suite laundry, thoughtful storage and secure parking make daily life easy. Enjoy a rooftop garden patio with play area and a gym, then step outside to discover Yaletown's cafés, restaurants, parks, shops and SkyTrain. OPEN HOUSE SAT OCT 24TH 2:30-4:30PM.

property details

type
Condo, Single Family
bedrooms
1
bathrooms
1
living area
748 sq ft
parking
1
year built
2011
property tax
$2,590 / yr
strata fee
$389 / mo ($0.52 / sq ft)
strata rules
Pets Allowed With Restrictions, Rentals Allowed With Restrictions
days on market
17
MLS®
R3174851

features

listed by
Nathalie Shefley
Oakwyn Realty Ltd.
604-363-1056call Nathalie
Powered by: REALTOR.ca

similar homes nearby

call Nathalie
all units at 1088 Richards St →
  • Central location
  • Elevator
  • Pets Allowed With Restrictions
  • Rentals Allowed With Restrictions
  • All

floor plans

found among the listing photos.

monthly cost

$4,214/mo
Mortgage $3,609 · Tax $216 · Strata $389

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$3,609/ monthly
loan $656,000
25-year amortization
total interest
$426,680
property transfer tax
$14,400
BC general rate
cash to close
$178,400
down + PTT
total paid
$1,082,680
transfer tax

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent
$2,430/mo
after all costs
−$2,014/mo
cap rate
2.3%
yearly net rent ÷ price

Costs: mortgage $3,609 · tax $216 · strata $389 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Downtown, Vancouver: CMHC's average there ($2,112) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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

schools

Catchment schools, Vancouver School Board

  • Elementary šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
  • 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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

location

VancouverGoogle Maps ↗

Rapid transit: Yaletown–Roundhouse SkyTrain station, 300 m (about 4 min walk); Vancouver City Centre SkyTrain station, 600 m (about 9 min walk).

property tax by year

yearassessedest. tax
2026$770,000$2,589
2025$813,000$2,533

Estimated tax up 2.2% from 2025 to 2026.

The listing shows $2,590 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.

3007 1283 Howe Street, Vancouver
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3007 1283 Howe Street
Vancouverlisted today
listed by RE/MAX Crest Realty
111527 sq ft
MLS® R3180029
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$735,000
11% less per sq ft
2301 602 Citadel Parade
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410 3727 W 10th Avenue, Vancouver
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22% less per sq ft
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211818 sq ft
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Condo
$699,000
18% less per sq ft
311 702 E King Edward Avenue
Vancouver17 days on market
listed by FaithWilson Christies International Real Estate
221838 sq ft
MLS® R3174789
Condo
$699,999
10% less per sq ft
105 1208 Bidwell Street
Vancouver8 days on market
listed by Sutton Group Seafair Realty
121771 sq ft
MLS® R3177767
$578,000
23% less per sq ft
303 933 Seymour Street
Vancouver4 days on market
listed by Oakwyn Realty Ltd.
11746 sq ft
MLS® R3178645
410 3727 W 10th Avenue
Vancouver12 days on market
listed by Macdonald Realty
2211,007 sq ft
MLS® R3176370

the market here

listed now
46 days
median for 2080 condos for sale; this one 17 days

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

location

the building's lot: 3,033 m² (32,647 sq ft) · PID 028-669-924. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Rapid transit: Yaletown–Roundhouse SkyTrain station, 300 m (about 4 min walk); Vancouver City Centre SkyTrain station, 600 m (about 9 min walk).

Drive times
  • Pattison High1 min
  • The Westside Schools – Miniversity1 min
  • Downtown Vancouver2 min
  • Elsie Roy Elementary2 min
  • St. Paul's Hospital3 min
  • YVR airport22 min
98

Walkability 98/100 · Very walkable: most errands on foot

Within a 10 minute walk: 10 grocery stores, 242 places to eat or drink, 70 cafes, 18 parks and playgrounds, 5 schools, 11 pharmacies, 59 transit stops.

mihom score from OpenStreetMap places, by straight line distance.