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$1,050,000

608 1238 RICHARDS STREET

Vancouver · MLS® R3165842

All units at 1238 Richards St →

1 bed · 1 bath · 947 sq ft · 1 parking

Condo · Single Family · built 1998 · 24 days on market

Listed by Sylvia Fierro, RE/MAX Crest Realty

Realtor's description

Don´t miss this exceptional loft with no expense spared in design and detail. Offering scale, sophistication, and the luxury finishes of a truly exclusive residence, this home features versatile space options - including a custom walnut-designed office and an open flex space to adapt to your lifestyle. Enjoy quiet mornings at your built-in coffee bar and indulgent evenings, pampering yourself in the luxurious double-sized spa bathroom with a deep soaker tub and integrated steam shower. Create chef-inspired meals in your designer kitchen with high-end European appliances and abundant storage. Smart home technology, handcrafted millwork, parking, storage, and an unbeatable Yaletown location complete this rare offering. Book your private viewing today. Open House Sun Oct 4th 2-4pm.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 947 sq ft
Parking: 1
Year built: 1998
Property tax: $2,710 / yr
Strata fee: $605 / mo ($0.64 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 24
MLS®: R3165842

Buying in a building from 1982 to 2000: what to read first

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Refrigerator
Dishwasher

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+8.7%)

2026 assessment: $818,000 · asking is +28%
Price per sq ft: $1,109 vs $1,020 median for condos in Vancouver for sale (2041)

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 24 days · no price changes so far

The market here

Listed now: 38 days; median for 2212 condos for sale; this one 24 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$818,000	$2,751
2025	$869,000	$2,707

Estimated tax up 1.6% from 2025 to 2026.

The listing shows $2,710 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

$5,406/mo

Mortgage $4,575 · Tax $226 · Strata $605

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

estimated payment

$4,575/ monthly

loan $840,000

25-year amortization

down payment20% · $210,00020%+ 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: $532,425
property transfer tax: $19,000; BC general rate
cash to close: $229,000; down + PTT
total paid: $1,372,425

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: $2,112/mo
After all costs: −$3,498/mo
Cap rate: 1.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,575 · tax $226 · strata $605 · 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

The building's lot: 2,645 m² (28,471 sq ft) · PID 024-183-199. 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.

Good to know

Heritage
This address is on the Heritage Revitalization Agreement (Vancouver) as "Canadian Linen Company Building". Exterior changes can need a heritage permit, and some heritage homes qualify for grants or incentives; the municipality can confirm.
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.

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