Home Vancouver, BC Yaletown Tribeca Lofts 401 988 Richards Street

401 988 Richards St, Vancouver BC V6B 8R2 – Condo for Sale – MLS® R3182112

401 988 Richards Street, Vancouver, British Columbia V6B 8R2

Vancouver Condos for Sale

4 days on the market

$1,695,000

Est. monthly cost $8,769/mo

Updated with MLS® - Nov 8, 2026 at 01:25pm

Tribeca Lofts

2 Beds

3 Baths

2055 sqft

825 $ /sqft

1467.63 $ Maint. fee

2006 built

69.6% cheaper than comps

Photos

The Tribeca! Fashioned after New York’s storied district where bold, industrial architecture, soaring 16-foot ceilings & walls of glass set the scene for artful living. A spacious atmosphere with open style kitchen boasting chic cabinetry & gaggenau appliances. The upper mezzanine provides access to two sleeping areas on opposite ends of the home amplifying the gorgeous courtyard views. A separate office area & fabulous dining or family room off the kitchen complete the picture. Sculptural Moooi lighting, air conditioning, gas fireplace & motorized blinds up the ante. In true loft fashion, the occupant interprets the use of the space to their pleasure. 2 side-by-side parking stalls, storage room & locker, plus EV charging & bicycle storage. For those seeking an inspired urban lifestyle.

Building 26 fields Inside & out 15 fields Lot & land 8 fields

Building Details

Price	$1,695,000
Total Bedrooms	2
Total Bathrooms	3
Full Bathrooms	2
Half Bathrooms	1
Floor Area Total (sqft)	2055
Year Built	2006
Age Of Building	20
Building Type	Apartment/Condo
Property Type	Residential
Architecture Style	Loft/Warehouse Conv.
Stories	2
Building Amenities	Bike Room, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal, Water
Building Name	Tribeca Lofts
Ownership Type	Freehold Strata
Maintenance Fee	$1,467.63
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal, Water
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer
Water (WaterSource)	Public
Parking Type	Garage Under Building, Lane Access
Total Parking Spaces	2
Strata Restrictions	Pets Allowed,Rentals Allowed
Pet Restrictions	Cats OK, Dogs OK, Number Limit (Two), Yes
Units In Development	51

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave, Oven, Range Top, Wine Cooler
Interior Features	Elevator, Storage
Fireplace	1
Heating Type	Electric, Heat Pump, Natural Gas
Cooling	Central Air, Air Conditioning
Laundry	In Unit
# of Kitchens	1
Flooring	Hardwood, Tile
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Garden, Balcony
View Description	Green Courtyard & City
Roof	Other
Structures	Multi Family, Residential Attached

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3182112
Area	Vancouver West
Neighbourhood	Yaletown
City	Vancouver
Postal Code	V6B 8R2
Gross Taxes	$5,651.43
Zoning	DD

Property Timeline

Status	Date	Price
R3182112 / Active	11-04-2026	$1,695,000
to view full Property History (6 earlier records)

Rooms

Floor	Type	Dimensions
Main Level	Foyer	9'3 x 9'3 ft
Main Level	Office	9'0 x 9'0 ft
Main Level	Flex Room	11'0 x 11'0 ft
Main Level	Living Room	17'0 x 17'0 ft
Main Level	Kitchen	15'1 x 15'1 ft
Main Level	Dining Room	17'6 x 17'6 ft
Above Level	Primary Bedroom	12'7 x 12'7 ft
Above Level	Walk-In Closet	10'3 x 10'3 ft
Above Level	Bedroom	10'3 x 10'3 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#2
Above Level	Yes	#3
Above Level	Yes	#3

Listed by: FaithWilson Christies International Real Estate & 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: Tribeca Lofts

988 Richards Street, Yaletown, Vancouver

Tribeca Lofts building details

Building

Built: 2006
Homes: 53 in 8 storeys
Construction: Concrete, Brick
Title: Freehold Strata
Strata plan: BCS1920
Managed by: Dwell Property Management
Parking: Visitor Parking, Garage: Underground
Lockers: Limited
Strata fee covers: ManagementHot WaterGasGardeningGarbage Pickup

Bylaws on record

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

Market at Tribeca Lofts

For sale: 2
Median ask: $1.2M
Median $/sqft: $922
Days on market: 19
Sold, past year: 3

This home

$825/sqft, 10.5% below the building median of $922.

Homes for sale at Tribeca Lofts, Vancouver Recent sold listings in Tribeca Lofts, Vancouver

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

Map, sell speed & climate

SkyTrain 0.42 km · King George Secondary School 6.2/10 · 1.73 km · crime average · sell-speed score 80/100 (likely within 1–3 weeks) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Shopping (420 nearby)

Rbc royal bank · 97 m · Bank
Leisure center · 108 m · Clothes
Shoppers drug mart · 112 m · Pharmacy

Restaurants (413 nearby)

24 train express noodle house · 86 m · Restaurant
Uncle fatih's pizza · 146 m · Fast Food
Tutto · 147 m · Restaurant

Cafes (143 nearby)

Nero belgian waffle bar · 106 m · Cafe
Starbucks · 112 m · Cafe
No bad days vancouver · 135 m · Cafe

Groceries (80 nearby)

Nesters market · 101 m · Supermarket
Viti wine and lager · 150 m · Beverages
Foodness supermarket · 151 m · Convenience

Healthcare (19 nearby)

Shoppers drug mart · 112 m · Healthcare
Sina · 165 m · Healthcare
Granville pharmacy · 336 m · Healthcare

Transit (7 nearby)

Skytrain @ yaletown-roundhouse stn station · 421 m · Transit
Skytrain @ vancouver city centre stn station · 523 m · Transit
Bus stop southbound howe st @ w georgia st · 550 m · Transit

Gyms (5 nearby)

Harbour dance centre · 263 m · Gym
Cycklus · 500 m · Gym
Robert lee ymca · 549 m · Gym

Public Schools

Secondary
King George Secondary School: Average 1.73 km 6.2/10
Elementary
Lord Strathcona Community Elementary School: Below Average 0.82 km 2.1/10

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 0.16 km 9/10
Secondary
Pattison High School: 0.44 km

Closest Transit

Bus Stop
Northbound Seymour St @ Nelson St: 0.11 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn: 0.42 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

80 / 100

Overall sell-speed score

Likely within 1–3 weeks

A+

Price competition grade

Avg comparable: $5,580,006

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.42 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

4 DOM

Very fast

Yaletown avg

49 DOM

Average

Vancouver avg

49 DOM

Slower market

401 988 Richards Street has a sell-speed score of 80/100, placing it in the "Expected to sell within 1–3 weeks" band. The listing is priced 69.6% 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 8R2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6B 8R2, 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 (~3.7 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

36 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 160 m
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	N/A	Distance 436 m
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	N/A	Distance 448 m
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 528 m
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	N/A	Distance 649 m
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 670 m
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	2.1 / 10	Distance 818 m
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 859 m
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 859 m
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 909 m
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 1.06 KM
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	N/A	Distance 1.20 KM
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.28 KM
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 1.30 KM
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.56 KM
Lord Roberts Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.62 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.2 / 10	Distance 1.73 KM
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 1.87 KM
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 1.92 KM
Columbia College	Independent	Grades Served 11-12	Catchment Info —	N/A	Distance 1.99 KM
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 2.06 KM
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.12 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.20 KM
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 2.25 KM
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 2.26 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 2.27 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.41 KM
Century High School	Independent	Grades Served 10-12	Catchment Info —	5.7 / 10	Distance 2.42 KM
Mount Pleasant Elementary School	Public	Grades Served K-7	Catchment Info —	5.3 / 10	Distance 2.46 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.47 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.49 KM
Lord Tennyson Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.71 KM
Florence Nightingale Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.75 KM
St. Augustine's	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 2.76 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.82 KM
Admiral Seymour Elementary School	Public	Grades Served K-7	Catchment Info —	N/A	Distance 2.93 KM

Pre-computed routes from 401 988 Richards St, Vancouver, BC

401 988 Richards St, Vancouver, BC Yaletown-Roundhouse 0.4 km

12 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Yaletown-Roundhouse → Waterfront
12 min
Metrotown, Burnaby via Yaletown-Roundhouse → Metrotown
30 min
SFU Burnaby via Yaletown-Roundhouse → Production Way
37 min
Richmond Centre via Yaletown-Roundhouse → Brighouse
29 min
YVR Airport via Yaletown-Roundhouse → 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
12 min

Calculate your commute

401 988 Richards St, Vancouver, BC is ideally located for commuters. The property is 0.4 km from Yaletown-Roundhouse, with a 12 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound Seymour St @ Nelson St (0.11 km). Walk Score Transit rating: Rider's Paradise (100/100).

Walkability & Transit Near 401 988 Richards Street

Walker's Paradise 100

Walk Score - Walker's Paradise

Daily errands do not require a car

Rider's Paradise 100

Transit Score - Rider's Paradise

World-class public transportation

Very Bikeable 84

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 401 988 Richards Street

2026 assessed value, sourced from City of Vancouver open data (PID 026-725-223).

Total Assessed Value (2026)

$1,680,000

-2.2% YoY

+1.2%/yr over 4 yr

2022 Value Trend 2026

Land

$1,039,000

Buildings

$641,000

Year Built

2006

Class

Comprehensive Development

Zoning

Property Tax

$5,651

Year	Land	Improvements	Total Assessed	YOY Change
2026	$1,039,000	$641,000	$1,680,000	-2.2%
2025	$1,062,000	$655,000	$1,717,000	-3.2%
2024	$1,097,000	$677,000	$1,774,000	+6.9%
2023	$1,026,000	$633,000	$1,659,000	+3.4%
2022	$860,000	$744,000	$1,604,000	—

Costs & calculators

Monthly cost about $8,769/month · rent estimate $4,407/month · renting is cheaper than owning here · cash flow if rented −$4,638/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 401 988 Richards Street

$8,769 /month

Principal & Interest $6,830

Property Taxes $471

Maintenance fee $1,468

The estimated monthly cost of 401 988 Richards Street, Vancouver is $8,769: $6,830 principal and interest with 20% down over 30 years at 4.45%, plus $471 property tax and $1,468 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

−$4,638 /month

Mortgage Payment $6,830

Monthly Cash Flow −$4,638

Break Even Down Payment 75%

Cap Rate -3.3%

Cash on Cash -16.4%

If 401 988 Richards Street, Vancouver were rented at $4,407 a month with 5% vacancy, it would fall $4,638 a month short of the mortgage and carrying costs; about 75% 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 401 988 Richards Street, Vancouver

$4,407 / month

Rent $4,407

Own $8,769

Principal: $2,197/mo Interest, tax, insurance, fees: $6,572/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$1,839/mo (year 1) → ~$4,277/mo (year 20) → ~$6,379/mo (year 29).

Net cost to own at year 5 ~$6,572/mo About $2,165/mo more than renting

EstateBlock estimates 401 988 Richards Street, Vancouver would rent for about $4,407 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: 401 988 Richards Street

Rent vs own

Renting is cheaper here

With 20% down ($339,000) at 4.45%: even counting principal paydown, owning costs more over 30 years

Principal paid off by year 5 $120,838

Principal paid off by year 10 $271,725

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.

Renting 401 988 Richards Street, Vancouver stays cheaper than owning it over 30 years, with $120,838 of principal paid off by year 5 and $271,725 by year 10.