Home Vancouver, BC Downtown VW L'Hermitage 1601 788 Richards Street

1601 788 Richards St, Vancouver BC - Apartment/Condo for Sale - MLS# R3095765

191 days on the market

$1,168,000

Est. Mortgage $5,167/mo

Listing updated: Mar 5, 2026 at 12:56am

EstateBlock checked: Sep 6, 2026 at 12:45am

2 Beds

2 Baths

1062 sqft

1100 $ /sqft

1030 $ Maint. fee

2008 built

191 days on the market

$1,168,000

Est. $5,167/mo with 20% down

Listing updated: Mar 5, 2026 at 12:56am

EstateBlock checked: Sep 6, 2026 at 12:45am

Photos

Exterior Front Photo of 1601 788 Richards Street, Vancouver, BC

Exterior Rear Photo of 1601 788 Richards Street, Vancouver, BC

Living Room Photo of 1601 788 Richards Street, Vancouver, BC

Family Room Photo of 1601 788 Richards Street, Vancouver, BC

Dining Area Photo of 1601 788 Richards Street, Vancouver, BC

Kitchen Photo of 1601 788 Richards Street, Vancouver, BC

Kitchen Island Photo of 1601 788 Richards Street, Vancouver, BC

Pantry Photo of 1601 788 Richards Street, Vancouver, BC

Breakfast Nook Photo of 1601 788 Richards Street, Vancouver, BC

Primary Bedroom Photo of 1601 788 Richards Street, Vancouver, BC

Welcome to L'Hermitage, a luxurious boutique building in the heart of Downtown Vancouver! This 2 bedroom & den corner unit offers spectacular SE views. Luxury chef kitchen with high-end Bosch S/S appliances, Subzero fridge, and large island with plenty of storage. Large living & dining area with floor to ceiling windows and AC. Spacious bedrooms and den. Lavish amenities include 24hrs concierge, gym, heated pool, steam, sauna and lounge. Walk to restaurants, grocery stores, shopping & more!

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features	Elevator
Fireplace	0
Heating Type	Electric, Heat Pump
Cooling	Air Conditioning
Laundry	In Unit
# of Kitchens	1
Flooring	Hardwood, Mixed
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Garden, Balcony
View Description	CITY
Roof	Other
Structures	Multi Family, Residential Attached

Building Details

Price	$1,168,000
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	1062
Year Built	2008
Age Of Building	18
Building Type	Apartment/Condo
Property Type	Residential
Stories	5
Building Amenities	Bike Room, Clubhouse, Exercise Centre, Sauna/Steam Room, Concierge, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Ownership Type	Freehold Strata
Maintenance Fee	$1,030
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Clubhouse, Exercise Centre, Sauna/Steam Room, Concierge, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Garage Under Building, Guest, Lane Access
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.
Pet Restrictions	Yes With Restrictions
Units In Development	246

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3095765
Area	Vancouver West
Neighbourhood	Downtown VW
City	Vancouver
Postal Code	V6B 0C7
Gross Taxes	$3,461.28

Property Timeline

Status	Date	Price
R3095765 / Active	02-27-2026	$1,168,000
to view full Property History (1 earlier record)

Rooms

Floor	Type	Dimensions
Main Level	Living Room	11' x 11' ft
Main Level	Dining Room	11'9 x 11'9 ft
Main Level	Kitchen	7'8 x 7'8 ft
Main Level	Primary Bedroom	14'7 x 14'7 ft
Main Level	Walk-In Closet	3'7 x 3'7 ft
Main Level	Den	8'5 x 8'5 ft
Main Level	Bedroom	10' x 10' ft
Main Level	Foyer	3'8 x 3'8 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#5
Main Level	No	#3

Listed by: Royal Pacific Lions Gate Realty Ltd.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Secondary
King George Secondary School: 1.75 km
Elementary
Lord Strathcona Community Elementary School: 0.45 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
The Westside School: 0.4 km
Secondary
Lowell High School: 0.21 km

Closest Transit

Bus Stop
Eastbound W Georgia St @ Richards St: 0.09 km
Skytrain
Skytrain @ Vancouver City Centre Stn: 0.26 km

Crime Rate

Total Crime Rate: Average
Violent Crime Rate: Below Average
Property Crime Rate: Above Average

Demographics

Post-Secondary Education: Above Average 58.5%
No Certificate/Degree: Below Average 2.4%
Owner Occupied: Average 72.4%
Employment Rate: Below Average 25.3%

Noise/ Power Lines

Road/Hwy Noise: Possible
Railway/Sky train Noise: Unlikely
Airport/Port Noise: Unlikely
Close to major Power Lines: Unlikely

Other

Agricultural Land Reserve (ALR): Unlikely
Flood Area: Unlikely
Close to Cemeteries: Unlikely

Sell Speed & Competition

48 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $1,020,832

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.26 km from station

Road / Highway noise

Possible — major road nearby

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How DOWNTOWN VW compares

This property

191 DOM

Slower than area

Downtown VW avg

49 DOM

Average

Vancouver avg

49 DOM

Faster market

1601 788 Richards Street has a sell-speed score of 48/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 12.6% above comparable active properties in Downtown VW. The local market is currently a Balanced Market with a sales-to-active ratio of 16.1% and an area average of 49 days on market — conditions are balanced. With only 1245 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V6B 0C7

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6B 0C7, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality B / Good

Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~3.6 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Vancouver currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.

Precipitation Increasing

Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Shopping (487 nearby)

Cut my hair · 21 m · Hairdresser
Air · 41 m · Hairdresser
Cibc · 52 m · Bank

Restaurants (480 nearby)

Fable diner & bar · 49 m · Restaurant
Jinya ramen bar · 76 m · Restaurant
Ostera coastal cuisine · 85 m · Restaurant

Cafes (178 nearby)

Cafe medina · 22 m · Cafe
Tim hortons · 52 m · Cafe
Giovane caffè · 87 m · Cafe

Groceries (82 nearby)

Iga · 53 m · Supermarket
Robson wine beer + spirits · 77 m · Beverages
H mart · 145 m · Supermarket

Healthcare (22 nearby)

London drugs · 216 m · Healthcare
Sina · 224 m · Healthcare
Pure integrative pharmacy · 255 m · Healthcare

Transit (9 nearby)

Skytrain @ vancouver city centre stn station · 261 m · Transit
Skytrain @ granville stn station · 309 m · Transit
Skytrain @ stadium stn station · 499 m · Transit

Gyms (5 nearby)

Harbour dance centre · 390 m · Gym
Cycklus · 479 m · Gym
Ywca · 571 m · Gym

Schools NearBy

33 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	0	Distance 209 m
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	0	Distance 283 m
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 398 m
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	2.1 / 10	Distance 447 m
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 529 m
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 544 m
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 562 m
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 562 m
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	0	Distance 585 m
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 684 m
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 1.01 KM
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	0	Distance 1.46 KM
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.63 KM
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 1.64 KM
Lord Roberts Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.72 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.2 / 10	Distance 1.75 KM
Columbia College	Independent	Grades Served 11-12	Catchment Info —	0	Distance 1.86 KM
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.88 KM
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 2.20 KM
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 2.21 KM
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 2.24 KM
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 2.29 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 2.35 KM
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 2.44 KM
Mount Pleasant Elementary School	Public	Grades Served K-7	Catchment Info —	5.3 / 10	Distance 2.45 KM
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.47 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.47 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.51 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.55 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.65 KM
Admiral Seymour Elementary School	Public	Grades Served K-7	Catchment Info —	0	Distance 2.66 KM
Florence Nightingale Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.77 KM
Century High School	Independent	Grades Served 10-12	Catchment Info —	5.7 / 10	Distance 2.80 KM

Pre-computed routes from 1601 788 Richards St, Vancouver, BC

1601 788 Richards St, Vancouver, BC Vancouver City Centre 0.3 km

8 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Vancouver City Centre → Waterfront
8 min
Metrotown, Burnaby via Vancouver City Centre → Metrotown
26 min
SFU Burnaby via Vancouver City Centre → Production Way
33 min
Richmond Centre via Vancouver City Centre → Brighouse
29 min
YVR Airport via Vancouver City Centre → YVR-Airport
30 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
1 min
Metrotown, Burnaby via Lougheed Hwy
12 min
SFU Burnaby via Gaglardi Way
18 min
Richmond Centre via No. 3 Rd
15 min
YVR Airport via Bridgeport / Sea Island
13 min

Calculate your commute

1601 788 Richards St, Vancouver, BC is ideally located for commuters. The property is 0.3 km from Vancouver City Centre, with a 8 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound W Georgia St @ Richards St (0.09 km). Walk Score Transit rating: Rider's Paradise (100/100).

Walkability & Transit Near 1601 788 Richards Street

Car-Dependent 100

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 100

Transit Score - Rider's Paradise

World-class public transportation

Somewhat
Bikeable 85

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 1601 788 Richards Street

2026 assessed value, sourced from City of Vancouver open data (PID 027-478-076).

Total Assessed Value (2026)

$1,068,000

-3.8% YoY

-1.9%/yr over 4 yr

2022 Value Trend 2026

Land

$792,000

Buildings

$276,000

Year Built

2008

Class

Comprehensive Development

Zoning

Property Tax

$3,593

Year	Land	Improvements	Total Assessed	YOY Change
2026	$792,000	$276,000	$1,068,000	-3.8%
2025	$823,000	$287,000	$1,110,000	+0.0%
2024	$823,000	$287,000	$1,110,000	-5.7%
2023	$873,000	$304,000	$1,177,000	+1.9%
2022	$852,000	$303,000	$1,155,000	—

Mortgage Calculator for 1601 788 Richards Street

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $288

Maintenance fee 0

Based on a 30-year fixed at 4% interest with 20% down ($233,600), the estimated monthly payment for this listing is $5,779/month — $4,461 principal & interest, $288 property tax, $1,030 maintenance fee.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Listing data last synced: Mar 5, 2026

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Maintenance Fee

Rental Income

Vacancy Rate

Down Payment

Down Payment (percent)

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

At an estimated rental income of $3,329/month, this property runs a $2,500/month shortfall after mortgage and carrying costs. Break-even requires approximately 65% down.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 1601 788 Richards Street, Vancouver

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Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.