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$2,298,000

PH2005 1055 RICHARDS STREET

Vancouver · MLS® R3163776

2 bed · 2 bath · 1,522 sq ft · 2 parking

Condo · Single Family · built 2009 · 27 days on market

Listed by Brandan Price, Rennie & Associates Realty Ltd.

Stunning SW-corner 2-level Penthouse at The Donovan, a Georgie Award winner in Yaletown. Extensively renovated in 2018/19, this 2BR+Den home features high-end minimalist finishes, new flooring, and an updated HVAC system working with energy-efficient geothermal heating/cooling. The open concept main floor features a contemporary kitchen with a premium gas range and waterfall stone island. Upstairs, the primary retreat includes a custom floor-to-ceiling walk-in closet and a spa-like ensuite wrapped in marble with a freestanding tub and glass shower. Crowned by a private 448 sqft rooftop patio with 360-degree views, stone outdoor kitchen/BBQ, and a built-in hot tub. Amenities include gym, sauna, yoga & meeting room. 2 side by side parking and 1 locker included.

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,522 sq ft
Parking: 2
Year built: 2009
Property tax: $6,906 / yr
Strata fee: $1,161 / mo ($0.76 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 27
MLS®: R3163776

Price per sq ft: $1,510 vs $1,020 median for condos in Vancouver for sale (2066)

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
Washer & Dryer

On market 27 days

Listed now: 42 days; median for 2066 condos for sale; this one 27 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 Maps can be out of date or miss a lot line; confirm with the municipality.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 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.

$11,749/mo

Mortgage $10,012 · Tax $576 · Strata $1,161

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

estimated payment

$10,012/ monthly

loan $1,838,400

25-year amortization

down payment20% · $459,60020%+ 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: $1,165,250
property transfer tax: $46,940; BC general rate
cash to close: $506,540; down + PTT
total paid: $3,003,650

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: −$8,787/mo
Cap rate: 0.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $10,012 · tax $576 · strata $1,161 · 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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