Home Vancouver, BC Yaletown Metropolis 401 1238 Richards Street

401 1238 Richards St, Vancouver BC V6B 6M6 – Condo for Sale – MLS® R3162538

401 1238 Richards Street, Vancouver, British Columbia V6B 6M6

Vancouver Condos for Sale

61 days on the market

$499,900

Est. monthly cost $2,481/mo

Updated with MLS® - Nov 8, 2026 at 08:45pm

Metropolis

1 Beds

1 Baths

502 sqft

996 $ /sqft

322.53 $ Maint. fee

1998 built

5.7% price reduction 22.1% cheaper than comps

Photos

Welcome to Metropolis, an iconic building at Richards and Davie. Are you looking for a fabulous downtown living experience? Fall in love with this boutique 1 bedroom condo featuring a spectacular 400 sq ft, 4th floor private rooftop patio, perfect for entertaining & container gardening in your own urban oasis. Easy access to Parks, all forms of Transit, Seawall, and the best Dining and Entertainment Downtown Vancouver has to offer is steps away. You will feel welcome in this pet-friendly building with a solid reputation and full time caretaker. Enjoy the Gym, Swirlpool, 3 visitor parking spots, and meeting/party room. Easy-Open fob doors, parcel delivery area, and lobby lounge complete this welcoming package. By Appointment Only.

Building 25 fields Inside & out 14 fields Lot & land 7 fields

Building Details

Price	$499,900
Total Bedrooms	1
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	502
Year Built	1998
Age Of Building	28
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Exercise Centre, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities
Building Name	Metropolis
Ownership Type	Freehold Strata
Maintenance Fee	$322.53
Community Features	Shopping Nearby
Amenities Nearby	Exercise Centre, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Water (WaterSource)	Public
Parking Type	Guest
Total Parking Spaces	0
Strata Restrictions	Pets Allowed w/Rest.,Smoking Restrictions
Pet Restrictions	Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Restrictions	100
Units In Development	100

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features	Elevator, Storage
Fireplace	1
Heating Type	Baseboard, Electric, Natural Gas
Laundry	In Unit
# of Kitchens	1
Flooring	Hardwood, Tile
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Garden
View Description	City
Roof	Torch-On
Structures	Multi Family, Residential Attached

Lot & Land

MLS^® #	R3162538
Area	Vancouver West
Neighbourhood	Yaletown
City	Vancouver
Postal Code	V6B 6M6
Gross Taxes	$1,732.43
Zoning	DD

Property Timeline

Status	Date	Price
R3162538 / Active	09-08-2026	$499,900

Rooms

Floor	Type	Dimensions
Main Level	Foyer	8'10 x 8'10 ft
Main Level	Living Room	13'5 x 13'5 ft
Main Level	Kitchen	10'0 x 10'0 ft
Main Level	Primary Bedroom	8'3 x 8'3 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4

Listed by: Oakwyn 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.

About the building: Metropolis

1238 Richards Street, Yaletown, Vancouver

Metropolis building details

Building

Built: 1998
Homes: 100
Construction: Concrete
Title: Freehold Strata
Strata plan: LMS3380
Managed by: Pacific Quorum
Parking: Garage: Underground
Lockers: Limited
Strata fee covers: Recreation FacilityManagementHot WaterGardeningGarbage PickupCaretaker

Bylaws on record

Pets: Allowed; Cats and dogs OK, max 2
Rentals: Allowed

Market at Metropolis

For sale: 3
Median ask: $1.25M
Median $/sqft: $1,036
Days on market: 28
Sold, past year: 7

This home

$996/sqft, 3.9% below the building median of $1,036.

Homes for sale at Metropolis, Vancouver Recent sold listings in Metropolis, Vancouver

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

Map, sell speed & climate

SkyTrain 0.21 km · King George Secondary School 6.2/10 · 1.82 km · crime average · sell-speed score 75/100 (likely within 1–3 weeks) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Shopping (307 nearby)

Elle boutique salon · 9 m · Beauty Shop
Posy · 97 m · Beauty Shop
All4one barbershop & beauty salon · 102 m · Hairdresser

Restaurants (299 nearby)

Nuba · 63 m · Restaurant
Red wasabi · 99 m · Restaurant
Kurotaki · 119 m · Restaurant

Cafes (87 nearby)

Craffles · 67 m · Cafe
Jj bean · 81 m · Cafe
Nine bar coffee · 84 m · Cafe

Groceries (72 nearby)

Choices market · 54 m · Supermarket
Ganache pâtisserie · 100 m · Bakery
Farm to table · 128 m · Supermarket

Healthcare (14 nearby)

Shoppers drug mart · 158 m · Healthcare
Yale i.d.a. pharmacy · 209 m · Healthcare
The pharmacy yaletown · 214 m · Healthcare

Gyms (4 nearby)

Baza dance studios · 164 m · Gym
Harbour dance centre · 562 m · Gym
Robert lee ymca · 723 m · Gym

Transit (3 nearby)

Skytrain @ yaletown-roundhouse stn station · 215 m · Transit
Bus stop eastbound pacific blvd @ marinaside cres · 756 m · Transit
Skytrain @ vancouver city centre stn station · 914 m · Transit

Public Schools

Elementary
Elsie Roy Elementary School: Average 0.39 km 6.8/10
Secondary
King George Secondary School: Average 1.82 km 6.2/10

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

Private Schools

Elementary
Claren Academy: Above Average 0.28 km 9/10
Secondary
Pattison High School: 0.61 km

Closest Transit

Bus Stop
Eastbound Davie St @ Richards St: 0.07 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn: 0.21 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 47%
No Certificate/Degree: Below Average 4.8%
Owner Occupied: Average 72.8%
Employment Rate: Below Average 24.4%

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

75 / 100

Overall sell-speed score

Likely within 1–3 weeks

A+

Price competition grade

Avg comparable: $641,772

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.21 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 YALETOWN compares

This property

61 DOM

Average

Yaletown avg

49 DOM

Average

Vancouver avg

49 DOM

Faster market

401 1238 Richards Street has a sell-speed score of 75/100, placing it in the "Expected to sell within 1–3 weeks" band. The listing is priced 22.1% below comparable active properties in Yaletown, which is a strong competitive signal. 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 1245 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is likely to attract offers within 1–3 weeks.

Climate Risk for V6B 6M6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6B 6M6, 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. Nearest station: Vancouver Clark Drive, Vancouver (~3.8 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.

Schools NearBy

39 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 277 m
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.8 / 10	Distance 391 m
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	N/A	Distance 606 m
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	N/A	Distance 835 m
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 854 m
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 920 m
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 935 m
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	N/A	Distance 989 m
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	N/A	Distance 1.06 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info —	2.1 / 10	Distance 1.23 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 1.24 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 1.24 KM
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.25 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 1.32 KM
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 1.47 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 1.48 KM
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 1.52 KM
Lord Roberts Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.63 KM
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 1.65 KM
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.75 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.2 / 10	Distance 1.82 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.94 KM
Century High School	Independent	Grades Served 10-12	Catchment Info —	5.7 / 10	Distance 2.00 KM
Columbia College	Independent	Grades Served 11-12	Catchment Info —	N/A	Distance 2.19 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 2.24 KM
Lord Tennyson Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.30 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.35 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.35 KM
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 2.36 KM
St. Augustine's	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 2.36 KM
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 2.37 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.42 KM
Mount Pleasant Elementary School	Public	Grades Served K-7	Catchment Info —	5.3 / 10	Distance 2.54 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.57 KM
St. John's School	Independent	Grades Served K-12	Catchment Info —	9.8 / 10	Distance 2.63 KM
Fraser Academy	Independent	Grades Served 2-12	Catchment Info —	6.2 / 10	Distance 2.74 KM
Florence Nightingale Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.77 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 2.81 KM
Westside Montessori	Independent	Grades Served K	Catchment Info —	N/A	Distance 2.99 KM

Pre-computed routes from 401 1238 Richards St, Vancouver, BC

401 1238 Richards St, Vancouver, BC Yaletown-Roundhouse 0.2 km

10 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Yaletown-Roundhouse → Waterfront
10 min
Metrotown, Burnaby via Yaletown-Roundhouse → Metrotown
28 min
SFU Burnaby via Yaletown-Roundhouse → Production Way
35 min
Richmond Centre via Yaletown-Roundhouse → Brighouse
27 min
YVR Airport via Yaletown-Roundhouse → YVR-Airport
28 min

By car (off-peak)

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

Calculate your commute

401 1238 Richards St, Vancouver, BC is ideally located for commuters. The property is 0.2 km from Yaletown-Roundhouse, with a 10 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound Davie St @ Richards St (0.07 km). Walk Score Transit rating: Rider's Paradise (99/100).

Walkability & Transit Near 401 1238 Richards Street

Walker's Paradise 97

Walk Score - Walker's Paradise

Daily errands do not require a car

Rider's Paradise 99

Transit Score - Rider's Paradise

World-class public transportation

Very Bikeable 86

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 401 1238 Richards Street

2026 assessed value, sourced from City of Vancouver open data (PID 024-183-113).

Total Assessed Value (2026)

$515,000

-3.0% YoY

-1.6%/yr over 4 yr

2022 Value Trend 2026

Land

$369,000

Buildings

$146,000

Year Built

1998

Class

Comprehensive Development

Zoning

Property Tax

$1,732

Year	Land	Improvements	Total Assessed	YOY Change
2026	$369,000	$146,000	$515,000	-3.0%
2025	$380,000	$151,000	$531,000	-5.0%
2024	$400,000	$159,000	$559,000	-2.6%
2023	$411,000	$163,000	$574,000	+4.4%
2022	$374,000	$176,000	$550,000	—

Costs & calculators

Monthly cost about $2,481/month · rent estimate $1,999/month · owning nets $60/month less than renting · cash flow if rented −$640/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 401 1238 Richards Street

$2,481 /month

Principal & Interest $2,014

Property Taxes $144

Maintenance fee $323

The estimated monthly cost of 401 1238 Richards Street, Vancouver is $2,481: $2,014 principal and interest with 20% down over 30 years at 4.45%, plus $144 property tax and $323 strata fee.

or Call 778-918-5990

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

Investment Cashflow Calculator

−$640 /month

Mortgage Payment $2,014

Monthly Cash Flow −$640

Break Even Down Payment 46%

Cap Rate -1.5%

Cash on Cash -7.7%

If 401 1238 Richards Street, Vancouver were rented at $1,999 a month with 5% vacancy, it would fall $640 a month short of the mortgage and carrying costs; about 46% down would break even.

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

Estateblock Rent Estimate for 401 1238 Richards Street, Vancouver

$1,999 / month

Rent $1,999

Own $2,481

Principal: $648/mo Interest, tax, insurance, fees: $1,833/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$542/mo (year 1) → ~$1,261/mo (year 20) → ~$1,881/mo (year 29).

Net cost to own at year 5 ~$1,833/mo About $166/mo less than renting

EstateBlock estimates 401 1238 Richards Street, Vancouver would rent for about $1,999 a month.

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.

Rent vs own: 401 1238 Richards Street

Rent vs own

Owning nets $60/mo less than renting

With 20% down ($99,980) at 4.45%: $1,939/mo net cost to own in year 1 vs $1,999/mo rent

Principal paid off by year 5 $35,638

Principal paid off by year 10 $80,139

Assumes 20% down payment, 4.45% fixed rate, 30-year amortization. Rent line = full rent (money gone). Own line = interest + property tax + fees, excluding principal (money you keep as equity). No appreciation, investment returns or transaction costs included.

Owning 401 1238 Richards Street, Vancouver nets about $60 a month less than renting it in year 1, with $35,638 of principal paid off by year 5 and $80,139 by year 10.