Home Vancouver, BC False Creek The One 906 38 W 1st Avenue

906 38 W 1st Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R3161229

3 days on the market

$658,800

Est. Mortgage $2,915/mo

Listing updated: Sep 3, 2026 at 03:10pm

EstateBlock checked: Sep 6, 2026 at 04:45am

The One

1 Beds

1 Baths

560 sqft

1176 $ /sqft

528.67 $ Maint. fee

2015 built

NEW

3 days on the market

$658,800

Est. $2,915/mo with 20% down

Listing updated: Sep 3, 2026 at 03:10pm

EstateBlock checked: Sep 6, 2026 at 04:45am

Photos

Exterior Front Photo of 906 38 W 1st Avenue, Vancouver, BC

Exterior Rear Photo of 906 38 W 1st Avenue, Vancouver, BC

Living Room Photo of 906 38 W 1st Avenue, Vancouver, BC

Family Room Photo of 906 38 W 1st Avenue, Vancouver, BC

Dining Area Photo of 906 38 W 1st Avenue, Vancouver, BC

Kitchen Photo of 906 38 W 1st Avenue, Vancouver, BC

Kitchen Island Photo of 906 38 W 1st Avenue, Vancouver, BC

Pantry Photo of 906 38 W 1st Avenue, Vancouver, BC

Breakfast Nook Photo of 906 38 W 1st Avenue, Vancouver, BC

Primary Bedroom Photo of 906 38 W 1st Avenue, Vancouver, BC

Welcome to THE ONE, one of Olympic Village’s most popular concrete developments. A gorgeous west-facing home high above Olympic Village & this beautifully positioned west-facing 1 bdrm+den residence offering an outstanding combination of natural light, views, efficient design and an unbeatable False Creek lifestyle. The open living and dining area is bright and inviting, large windows that take full advantage of the home's western exposure and views. The contemporary kitchen features the increasingly sought-after bonus of gas range cooking. 9’ ceilings and hardwood flooring THROUGHOUT, 1 Parking & storage. More photos online and join us at our Live Stream broadcast on our FB page: Tuesday Sept 8th (5pm), private showings by appt anytime. Offers presented as received.

Interior Features

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

Exterior Features

Exterior Features	Balcony
View Description	City Views!
Roof	Other
Structures	Multi Family, Residential Attached

Building Details

Price	$658,800
Total Bedrooms	1
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	560
Year Built	2015
Age Of Building	11
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Exercise Centre, Maintenance Grounds, Gas, Heat, Hot Water, Recreation Facilities
Building Name	The One
Ownership Type	Freehold Strata
Maintenance Fee	$528.67
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Exercise Centre, Maintenance Grounds, Gas, Heat, Hot Water, Recreation Facilities
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Underground, Lane Access, Asphalt
Total Parking Spaces	1
Strata Restrictions	No Restrictions,Pets Allowed,Rentals Allowed
Pet Restrictions	Cats OK, Dogs OK, Number Limit (Two), Yes
Units In Development	241

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3161229
Area	Vancouver West
Neighbourhood	False Creek
City	Vancouver
Postal Code	V5Y 0K3
Gross Taxes	$2,146.2
Zoning	CD-1

Property Timeline

Status	Date	Price
R3161229 / Active	09-03-2026	$658,800

Rooms

Floor	Type	Dimensions
Main Level	Living Room	10' x 10' ft
Main Level	Kitchen	10' x 10' ft
Main Level	Primary Bedroom	9'3 x 9'3 ft
Main Level	Den	9'3 x 9'3 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4

Listed by: Pospischil Realty Group

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 1.45 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
St Francis Xavier: Above Average 0.82 km 9.6/10
Secondary
Columbia College: 0.74 km

Closest Transit

Bus Stop
Eastbound E 2nd Ave @ Ontario St: 0.12 km
Skytrain
Skytrain @ Main Street Stn: 0.48 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

57 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $671,976

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.48 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

3 DOM

Very fast

False Creek avg

49 DOM

Average

Vancouver avg

49 DOM

Slower market

906 38 W 1st Avenue has a sell-speed score of 57/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 2% below comparable active properties in False Creek, 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 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 0K3

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5Y 0K3, 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 (~2.3 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

Restaurants (94 nearby)

Subway · 76 m · Fast Food
Pho quynh express · 104 m · Restaurant
Manna sushi · 122 m · Restaurant

Shopping (86 nearby)

Scotiabank · 80 m · Bank
Rbc · 88 m · Bank
Pure nail bar · 107 m · Beauty Shop

Cafes (34 nearby)

The bubble tea shop · 103 m · Cafe
Honolulu coffee · 116 m · Cafe
Amato gelato & cafè · 139 m · Cafe

Groceries (24 nearby)

Save-on-foods · 94 m · Supermarket
Faculty brewing · 163 m · Beverages
Legacy liquor · 180 m · Beverages

Healthcare (10 nearby)

London drugs · 140 m · Healthcare
Yyoung medicine mart · 298 m · Healthcare
Pharmasave · 559 m · Healthcare

Transit (3 nearby)

Skytrain @ main street stn station · 483 m · Transit
Skytrain @ olympic village stn station · 850 m · Transit
Bus stop eastbound e broadway @ kingsway · 963 m · Transit

Gyms (1 nearby)

Cycklus · 970 m · Gym

Schools NearBy

45 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Columbia College	Independent	Grades Served 11-12	Catchment Info —	0	Distance 743 m
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 817 m
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 827 m
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 980 m
Mount Pleasant Elementary School	Public	Grades Served K-7	Catchment Info —	5.3 / 10	Distance 1.03 KM
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 1.03 KM
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	0	Distance 1.05 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 1.16 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 1.18 KM
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.22 KM
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 1.29 KM
Florence Nightingale Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 1.34 KM
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 1.40 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	7.6 / 10	Distance 1.45 KM
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.52 KM
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.59 KM
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.60 KM
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 1.61 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 1.61 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info —	2.1 / 10	Distance 1.66 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.69 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 1.75 KM
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	0	Distance 1.87 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 1.92 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 1.92 KM
Admiral Seymour Elementary School	Public	Grades Served K-7	Catchment Info —	0	Distance 2.04 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.11 KM
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 2.20 KM
David Livingstone Elementary School	Public	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.22 KM
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 2.28 KM
Charles Dickens Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 2.31 KM
Britannia Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.9 / 10	Distance 2.50 KM
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 2.51 KM
General Wolfe Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.52 KM
Britannia Community Secondary School	Public	Grades Served 8-12	Catchment Info —	5.0 / 10	Distance 2.58 KM
Charles Dickens Annex	Public	Grades Served K-3	Catchment Info —	0	Distance 2.73 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 2.74 KM
Queen Victoria Annex	Public	Grades Served K-5	Catchment Info —	6.4 / 10	Distance 2.81 KM
St.Joseph's School	Independent	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.89 KM
Westside Montessori	Independent	Grades Served K	Catchment Info —	0	Distance 2.91 KM
Tyee Elementary School	Public	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.92 KM
Vancouver Talmud Torah Elementary School	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 2.92 KM
Stratford Hall School	Independent	Grades Served K-12	Catchment Info —	8.7 / 10	Distance 2.94 KM
Stratford Hall	Independent	Grades Served —	Catchment Info —	8.7 / 10	Distance 2.96 KM
St Francis of Assisi	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 2.99 KM

Pre-computed routes from 906 38 W 1st Ave, Vancouver, BC

906 38 W 1st Ave, Vancouver, BC Main Street 0.5 km

15 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Main Street → Waterfront
15 min
Metrotown, Burnaby via Main Street → Metrotown
21 min
SFU Burnaby via Main Street → Production Way
28 min
Richmond Centre via Main Street → Brighouse
40 min
YVR Airport via Main Street → YVR-Airport
41 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
16 min
Richmond Centre via No. 3 Rd
14 min
YVR Airport via Bridgeport / Sea Island
12 min

Calculate your commute

906 38 W 1st Ave, Vancouver, BC is ideally located for commuters. The property is 0.5 km from Main Street, with a 15 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound E 2nd Ave @ Ontario St (0.12 km). Walk Score Transit rating: Rider's Paradise (99/100).

Walkability & Transit Near 906 38 W 1st Avenue

Car-Dependent 98

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 99

Transit Score - Rider's Paradise

World-class public transportation

Somewhat
Bikeable 97

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

BC Assessment Value — 906 38 W 1st Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 029-701-619).

Total Assessed Value (2026)

$638,000

-6.0% YoY

-1.0%/yr over 4 yr

2022 Value Trend 2026

Land

$447,000

Buildings

$191,000

Year Built

2015

Class

Comprehensive Development

Zoning

CD-1 (464)

Property Tax

$2,146

Year	Land	Improvements	Total Assessed	YOY Change
2026	$447,000	$191,000	$638,000	-6.0%
2025	$476,000	$203,000	$679,000	-2.0%
2024	$485,000	$208,000	$693,000	-0.3%
2023	$487,000	$208,000	$695,000	+4.7%
2022	$463,000	$201,000	$664,000	—

Mortgage Calculator for 906 38 W 1st Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $179

Maintenance fee 528.67

With a 20% down payment, buyers can expect an estimated $3,224/month in total housing costs on this $658,800 property — $2,516 mortgage payment, $179 property tax, $529 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: Sep 3, 2026

Investment Cashflow Calculator

Property Tax (Monthly)

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Maintenance Fee

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Vacancy Rate

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Break Even Down Payment 0%

Cap Rate

Cash on Cash

Based on $2,315/month estimated rent and $3,278/month in total housing costs, this property has a -$963/month cashflow. Break-even down payment: approximately 51%.

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

Estateblock Rent Estimate for 906 38 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.