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$1,398,000

3002 1438 RICHARDS STREET

Vancouver · MLS® R3167732

2 bed · 2 bath · 1,130 sq ft · 1 parking

Condo · Single Family · built 2004 · 16 days on market

Listed by Gary Geng, eXp Realty

Unobstructed Water, Park & City views from this SE corner unit! Enjoy the views from every room! This beautifully updated 2 bedroom, den & insuite storage has it all. The spacious open home offers newer kitchen appliances including gas stove & Bosch dishwasher. Lovely engineered wood floors throughout. Both two bedrooms are very spacious. Beautiful layout! Walking distance to the parks, shopping, restaurants & downtown. Strata club Azura One with 24 hour concierge & Club Viva with pool, gym squash courts, guest suite, theater, party room and more. It is absolutely a great unit for you to enjoy!

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,130 sq ft
Parking: 1
Year built: 2004
Property tax: $4,477 / yr
Strata fee: $831 / mo ($0.74 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 16
MLS®: R3167732

Above typical for the area (+21%)

2026 assessment: $1,331,000 · asking is +5.0%
Price per sq ft: $1,237 vs $1,020 median for condos in Vancouver for sale (2065)

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.

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

On market 16 days

Listed now: 41 days; median for 2065 condos for sale; this one 16 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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
2.0 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.

$7,295/mo

Mortgage $6,091 · Tax $373 · Strata $831

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

estimated payment

$6,091/ monthly

loan $1,118,400

25-year amortization

down payment20% · $279,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $708,886
property transfer tax: $25,960; BC general rate
cash to close: $305,560; down + PTT
total paid: $1,827,286

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.

Rent: $3,258/mo
After all costs: −$4,333/mo
Cap rate: 1.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $6,091 · tax $373 · strata $831 · insurance ~$35 · 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

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