Home Vancouver, BC False Creek The Exchange 410 388 W 1st Avenue

410 388 W 1st Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R3122634

117 days on the market

$899,000

Est. Mortgage $3,977/mo

Listing updated: Aug 18, 2026 at 09:05am

EstateBlock checked: Sep 6, 2026 at 06:40am

The Exchange

1 Beds

1 Baths

802 sqft

1121 $ /sqft

2009 built

117 days on the market

$899,000

Est. $3,977/mo with 20% down

Listing updated: Aug 18, 2026 at 09:05am

EstateBlock checked: Sep 6, 2026 at 06:40am

Photos

Exterior Front Photo of 410 388 W 1st Avenue, Vancouver, BC

Exterior Rear Photo of 410 388 W 1st Avenue, Vancouver, BC

Living Room Photo of 410 388 W 1st Avenue, Vancouver, BC

Family Room Photo of 410 388 W 1st Avenue, Vancouver, BC

Dining Area Photo of 410 388 W 1st Avenue, Vancouver, BC

Kitchen Photo of 410 388 W 1st Avenue, Vancouver, BC

Kitchen Island Photo of 410 388 W 1st Avenue, Vancouver, BC

Pantry Photo of 410 388 W 1st Avenue, Vancouver, BC

Breakfast Nook Photo of 410 388 W 1st Avenue, Vancouver, BC

Primary Bedroom Photo of 410 388 W 1st Avenue, Vancouver, BC

In the heart of False Creek, The Exchange stands as a quiet reminder of Vancouver’s past, thoughtfully reimagined for modern living. Once the city’s telephone exchange in 1911, this heritage landmark offers a refined collection of boutique residences where history is felt in every detail. Inside, a warm industrial palette unfolds exposed brick, polished concrete, & reclaimed Douglas fir beams rising beneath 9’2 ceilings, creating both scale & intimacy. The kitchen, finished in Italian Dada cabinetry with premium appliances, blends seamlessly into the living space, while a spa-inspired bath offers a frameless glass shower & separate tub. Outdoors, a 143 SF terrace extends the home into fresh air. 1 parking & 1 storage included. Above, a rooftop terrace with garden plots, BBQ & lounge

Interior Features

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

Exterior Features

Exterior Features	Balcony
Roof	Other
Structures	Multi Family, Residential Attached

Building Details

Price	$899,000
Total Bedrooms	1
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	802
Year Built	2009
Age Of Building	17
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Clubhouse, Caretaker, Trash, Maintenance Grounds, Heat, Hot Water, Management, Recreation Facilities
Building Name	The Exchange
Ownership Type	Freehold NonStrata
Maintenance Fee	$506.4
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Clubhouse, Caretaker, Trash, Maintenance Grounds, Heat, 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
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Cats OK, Dogs OK, Yes With Restrictions
Units In Development	68

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3122634
Area	Vancouver West
Neighbourhood	False Creek
City	Vancouver
Postal Code	V5Y 0B2
Gross Taxes	$2,800.21
Zoning	APT

Property Timeline

Status	Date	Price
R3122634 / Active	05-12-2026	$899,000
to view full Property History (2 earlier records)

Rooms

Floor	Type	Dimensions
Main Level	Foyer	7'6 x 7'6 ft
Main Level	Den	8'7 x 8'7 ft
Main Level	Bedroom	8'11 x 8'11 ft
Main Level	Dining Room	8'11 x 8'11 ft
Main Level	Living Room	8'11 x 8'11 ft
Main Level	Kitchen	6'10 x 6'10 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4

Listed by: FaithWilson Christies International Real Estate

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

Elementary
Simon Fraser Elementary School: Above Average 1.28 km 7.6/10

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

Private Schools

Elementary,Secondary
Eaton Arrowsmith School (Vancouver) Ltd: 0.41 km
Elementary,Secondary
Eaton Arrowsmith School (Vancouver) Ltd: 0.41 km

Closest Transit

Bus Stop
Westbound W 2nd Ave @ Crowe St: 0.1 km
Skytrain
Skytrain @ Olympic Village Stn: 0.23 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 58.9%
No Certificate/Degree: Below Average 2.8%
Owner Occupied: Average 72.3%
Employment Rate: Below Average 33%

Noise/ Power Lines

Road/Hwy Noise: Unlikely
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

52 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $838,767

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.23 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How FALSE CREEK compares

This property

117 DOM

Slower than area

False Creek avg

49 DOM

Average

Vancouver avg

49 DOM

Faster market

410 388 W 1st Avenue has a sell-speed score of 52/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 6.7% above comparable active properties in False Creek. 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 V5Y 0B2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5Y 0B2, 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 (~2.7 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.

Nearby Restaurants, Cafes & Shops

Shopping (127 nearby)

Canadian tire · 345 m · Department Store
Silver4 · 380 m · Beauty Shop
Save-on-foods pharmacy · 395 m · Pharmacy

Restaurants (118 nearby)

Yume dining · 105 m · Restaurant
Restaurant kavita · 232 m · Restaurant
Nook · 335 m · Restaurant

Cafes (45 nearby)

The skript kitchen · 241 m · Cafe
Honest to pete roasters · 259 m · Cafe
Nana's green tea · 351 m · Cafe

Groceries (37 nearby)

Big rock beer shop · 180 m · Beverages
Small victory bakery · 302 m · Bakery
Solly's bagelry · 387 m · Bakery

Healthcare (16 nearby)

Save-on-foods pharmacy · 395 m · Healthcare
London drugs · 550 m · Healthcare
Loblaw pharmacy · 604 m · Healthcare

Transit (4 nearby)

Skytrain @ olympic village stn station · 235 m · Transit
Skytrain @ broadway-city hall stn station · 620 m · Transit
Skytrain @ yaletown-roundhouse stn station · 940 m · Transit

Gyms (1 nearby)

Cycklus · 919 m · Gym

Schools NearBy

44 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	0	Distance 413 m
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 803 m
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 886 m
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 970 m
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 978 m
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 1.04 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 1.09 KM
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 1.11 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.20 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 1.21 KM
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.22 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 1.27 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	7.6 / 10	Distance 1.28 KM
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 1.33 KM
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 1.34 KM
Columbia College	Independent	Grades Served 11-12	Catchment Info —	0	Distance 1.38 KM
Mount Pleasant Elementary School	Public	Grades Served K-7	Catchment Info —	5.3 / 10	Distance 1.45 KM
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 1.57 KM
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.62 KM
Florence Nightingale Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 1.63 KM
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	0	Distance 1.64 KM
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 1.64 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 1.73 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info —	2.1 / 10	Distance 1.75 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 1.81 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 1.85 KM
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 1.88 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 1.94 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 1.94 KM
David Livingstone Elementary School	Public	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.24 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 2.24 KM
General Wolfe Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.37 KM
Century High School	Independent	Grades Served 10-12	Catchment Info —	5.7 / 10	Distance 2.39 KM
Westside Montessori	Independent	Grades Served K	Catchment Info —	0	Distance 2.42 KM
Vancouver Talmud Torah Elementary School	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 2.46 KM
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.57 KM
Charles Dickens Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 2.64 KM
Admiral Seymour Elementary School	Public	Grades Served K-7	Catchment Info —	0	Distance 2.67 KM
Lord Tennyson Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.69 KM
Lord Roberts Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 2.77 KM
St. Augustine's	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 2.92 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info —	6.2 / 10	Distance 2.93 KM
York House School	Independent	Grades Served K-12	Catchment Info —	9.3 / 10	Distance 2.93 KM
Charles Dickens Annex	Public	Grades Served K-3	Catchment Info —	0	Distance 2.98 KM

Pre-computed routes from 410 388 W 1st Ave, Vancouver, BC

410 388 W 1st Ave, Vancouver, BC Olympic Village 0.2 km

12 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Olympic Village → Waterfront
12 min
Metrotown, Burnaby via Olympic Village → Metrotown
30 min
SFU Burnaby via Olympic Village → Production Way
37 min
Richmond Centre via Olympic Village → Brighouse
25 min
YVR Airport via Olympic Village → YVR-Airport
26 min

By car (off-peak)

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

Calculate your commute

410 388 W 1st Ave, Vancouver, BC is ideally located for commuters. The property is 0.2 km from Olympic Village, with a 12 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound W 2nd Ave @ Crowe St (0.1 km). Walk Score Transit rating: Excellent Transit (89/100).

Walkability & Transit Near 410 388 W 1st Avenue

Car-Dependent 98

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 89

Transit Score - Excellent Transit

Transit is convenient for most trips

Somewhat
Bikeable 98

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

BC Assessment Value — 410 388 W 1st Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 028-048-636).

Total Assessed Value (2026)

$863,000

-3.9% YoY

-1.2%/yr over 4 yr

2022 Value Trend 2026

Land

$607,000

Buildings

$256,000

Year Built

2009

Class

Comprehensive Development

Zoning

CD-1 (460)

Property Tax

$2,903

Year	Land	Improvements	Total Assessed	YOY Change
2026	$607,000	$256,000	$863,000	-3.9%
2025	$632,000	$266,000	$898,000	+0.0%
2024	$632,000	$266,000	$898,000	-8.6%
2023	$691,000	$291,000	$982,000	+8.4%
2022	$586,000	$320,000	$906,000	—

Mortgage Calculator for 410 388 W 1st Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $233

Maintenance fee 506.4

Based on a 30-year fixed at 4% interest with 20% down ($179,800), the estimated monthly payment for this listing is $4,173/month — $3,434 principal & interest, $233 property tax, $506 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: Aug 18, 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 $3,074/month, this property runs a $1,248/month shortfall after mortgage and carrying costs. Break-even requires approximately 50% down.

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

Estateblock Rent Estimate for 410 388 W 1st Avenue, 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.