Home Vancouver, BC Yaletown Park Plaza 606 1188 Richards Street

606 1188 Richards St, Vancouver BC V6B 3E6 – Condo for Sale – MLS® R3139551

606 1188 Richards Street, Vancouver, British Columbia V6B 3E6

Vancouver Condos for Sale

140 days on the market

$599,800

Est. monthly cost $2,992/mo

Updated with MLS® - Nov 11, 2026 at 08:45am

Park Plaza

1 Beds

1 Baths

615 sqft

975 $ /sqft

402.32 $ Maint. fee

1995 built

Photos

Live in the heart of Yaletown at Park Plaza! This bright and efficient 658 sq.ft. 1 Bed + Den + Flex home offers a smart, functional layout with no wasted space perfect for first-time buyers or investors. Located on the 6th floor, enjoy abundant natural light and city/water views through expansive windows. The open-concept living and dining area flows into a well-designed kitchen, while the spacious bedroom fits a queen-sized bed. The den is ideal for a home office, and the flex space adds valuable storage. Enjoy peace of mind in this fully updated building with rainscreening, newer windows, re-piping, elevators, lobby, gym, and EV charging. Includes 1 parking & 1 locker. Offers as they come!

Building 26 fields Inside & out 13 fields Lot & land 8 fields

Building Details

Price	$599,800
Total Bedrooms	1
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	615
Year Built	1995
Age Of Building	31
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Recreation Facilities, Sauna/Steam Room, Cable/Satellite, Maintenance Grounds, Hot Water
Building Name	Park Plaza
Ownership Type	Freehold Strata
Maintenance Fee	$402.32
Amenities Nearby	Recreation Facilities, Sauna/Steam Room, Cable/Satellite, Maintenance Grounds, Hot Water
Utility Type	Electricity Connected
Utility Sewer	Public Sewer
Water (WaterSource)	Community
Parking Type	Underground, Rear Access, Asphalt
Total Parking Spaces	1
Strata Restrictions	Pets Allowed
Pet Restrictions	Cats OK, No Dogs, Number Limit (Two), Yes
Rental Restrictions	100
Rental Suites	None
Units In Development	194

Interior Features

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

Exterior Features

Exterior Features	No Outdoor Area
View Description	small partial view
Structures	Multi Family, Residential Attached

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3139551
Area	Vancouver West
Neighbourhood	Yaletown
City	Vancouver
Postal Code	V6B 3E6
Gross Taxes	$2,079.89
Zoning	APT

Property Timeline

Status	Date	Price
R3139551 / Active	06-24-2026	$599,800

Rooms

Floor	Type	Dimensions
Main Level	Foyer	7'5 x 7'5 ft
Main Level	Kitchen	8'5 x 8'5 ft
Main Level	Primary Bedroom	11'4 x 11'4 ft
Main Level	Solarium	8'6 x 8'6 ft
Main Level	Living Room	12'3 x 12'3 ft
Main Level	Dining Room	10'8 x 10'8 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4

Listed by: Heller Murch Realty

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: Park Plaza

1188 Richards Street, Yaletown, Vancouver

Park Plaza building details

Building

Built: 1995
Homes: 186
Construction: Concrete
Title: Freehold Strata
Strata plan: LMS2174
Managed by: First Service Residential
Parking: Garage: Underground
Lockers: Limited
Strata fee covers: Recreation FacilityManagementHot WaterGardeningGarbage PickupCaretaker

Bylaws on record

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

Market at Park Plaza

For sale: 2
Median ask: $749K
Median $/sqft: $985
Days on market: 134
Sold, past year: 2

This home

$975/sqft, 1% below the building median of $985.

Homes for sale at Park Plaza, Vancouver Recent sold listings in Park Plaza, Vancouver

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

Map, sell speed & climate

SkyTrain 0.22 km · King George Secondary School 6.2/10 · 1.78 km · crime average · sell-speed score 59/100 (moderate pace) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Shopping (340 nearby)

Spruce · 59 m · Beauty Shop
Element nail · 63 m · Beauty Shop
All4one barbershop & beauty salon · 65 m · Hairdresser

Restaurants (324 nearby)

Red wasabi · 61 m · Restaurant
Nuba · 77 m · Restaurant
Brix & mortar · 117 m · Restaurant

Cafes (102 nearby)

Nine bar coffee · 43 m · Cafe
Craffles · 83 m · Cafe
Jj bean · 95 m · Cafe

Groceries (77 nearby)

Choices market · 66 m · Supermarket
7-eleven · 142 m · Convenience
Yaletown liquor store · 170 m · Beverages

Healthcare (15 nearby)

Granville pharmacy · 207 m · Healthcare
Shoppers drug mart · 246 m · Healthcare
The pharmacy yaletown · 253 m · Healthcare

Gyms (4 nearby)

Baza dance studios · 269 m · Gym
Harbour dance centre · 459 m · Gym
Robert lee ymca · 653 m · Gym

Transit (4 nearby)

Skytrain @ yaletown-roundhouse stn station · 219 m · Transit
Bus stop southbound burrard st @ barclay st · 669 m · Transit
Skytrain @ vancouver city centre stn station · 800 m · Transit

Public Schools

Secondary
King George Secondary School: Average 1.78 km 6.2/10
Elementary
Lord Strathcona Community Elementary School: Below Average 1.11 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: 0.53 km

Closest Transit

Bus Stop
Eastbound Davie St @ Richards St: 0.07 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn: 0.22 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 52%
No Certificate/Degree: Below Average 5.5%
Owner Occupied: Average 73.7%
Employment Rate: Below Average 27.3%

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

59 / 100

Overall sell-speed score

Moderate pace expected

B+

Price competition grade

Avg comparable: $631,958

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.22 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

140 DOM

Slower than area

Yaletown avg

49 DOM

Average

Vancouver avg

49 DOM

Faster market

606 1188 Richards Street has a sell-speed score of 59/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 5.1% 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 may take several weeks to attract serious offers.

Climate Risk for V6B 3E6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6B 3E6, 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

38 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 163 m
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 448 m
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	N/A	Distance 532 m
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	N/A	Distance 720 m
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 750 m
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	N/A	Distance 943 m
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.02 KM
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 1.03 KM
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	N/A	Distance 1.03 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	2.1 / 10	Distance 1.11 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 1.13 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 1.13 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 1.20 KM
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.34 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 1.36 KM
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 1.58 KM
Lord Roberts Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.62 KM
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 1.64 KM
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 1.77 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.2 / 10	Distance 1.78 KM
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.86 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.01 KM
Century High School	Independent	Grades Served 10-12	Catchment Info —	5.7 / 10	Distance 2.12 KM
Columbia College	Independent	Grades Served 11-12	Catchment Info —	N/A	Distance 2.12 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 2.24 KM
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 2.32 KM
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 2.33 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.36 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.38 KM
Lord Tennyson Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.42 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.43 KM
St. Augustine's	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 2.47 KM
Mount Pleasant Elementary School	Public	Grades Served K-7	Catchment Info —	5.3 / 10	Distance 2.51 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.64 KM
St. John's School	Independent	Grades Served K-12	Catchment Info —	9.8 / 10	Distance 2.75 KM
Florence Nightingale Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.75 KM
Fraser Academy	Independent	Grades Served 2-12	Catchment Info —	6.2 / 10	Distance 2.86 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 2.90 KM

Pre-computed routes from 606 1188 Richards St, Vancouver, BC

606 1188 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
15 min
YVR Airport via Bridgeport / Sea Island
12 min

Calculate your commute

606 1188 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 (100/100).

Walkability & Transit Near 606 1188 Richards Street

Walker's Paradise 99

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 87

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 606 1188 Richards Street

2026 assessed value, sourced from City of Vancouver open data (PID 023-247-657).

Total Assessed Value (2026)

$611,000

-8.4% YoY

-0.4%/yr over 4 yr

2022 Value Trend 2026

Land

$460,000

Buildings

$151,000

Year Built

1995

Class

Comprehensive Development

Zoning

Property Tax

$2,055

Year	Land	Improvements	Total Assessed	YOY Change
2026	$460,000	$151,000	$611,000	-8.4%
2025	$502,000	$165,000	$667,000	-2.3%
2024	$514,000	$169,000	$683,000	+6.7%
2023	$482,000	$158,000	$640,000	+2.9%
2022	$453,000	$169,000	$622,000	—

Costs & calculators

Monthly cost about $2,992/month · rent estimate $2,279/month · owning catches up with renting by year 6 · cash flow if rented −$886/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 606 1188 Richards Street

$2,992 /month

Principal & Interest $2,417

Property Taxes $173

Maintenance fee $402

The estimated monthly cost of 606 1188 Richards Street, Vancouver is $2,992: $2,417 principal and interest with 20% down over 30 years at 4.45%, plus $173 property tax and $402 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

−$886 /month

Mortgage Payment $2,417

Monthly Cash Flow −$886

Break Even Down Payment 50%

Cap Rate -1.8%

Cash on Cash -8.9%

If 606 1188 Richards Street, Vancouver were rented at $2,279 a month with 5% vacancy, it would fall $886 a month short of the mortgage and carrying costs; about 50% 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 606 1188 Richards Street, Vancouver

$2,279 / month

Rent $2,279

Own $2,992

Principal: $777/mo Interest, tax, insurance, fees: $2,215/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$651/mo (year 1) → ~$1,513/mo (year 20) → ~$2,257/mo (year 29).

Net cost to own at year 5 ~$2,215/mo About $64/mo less than renting

EstateBlock estimates 606 1188 Richards Street, Vancouver would rent for about $2,279 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: 606 1188 Richards Street

Rent vs own

Owning catches up by year 6

With 20% down ($119,960) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $42,760

Principal paid off by year 10 $96,154

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 606 1188 Richards Street, Vancouver is cheaper at first, but owning catches up by year 6, with $42,760 of principal paid off by year 5 and $96,154 by year 10.