1602 1055 Richard Street — Vancouver West


$ 2,900 FOR RENT MLS# R2946396
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Perfectly located at Richards and Nelson, this 1-Bed, 1-Bath unit offers 562 sq. ft. of modern living space, ideal for professionals seeking to call Yaletown their home! Highlights include hardwood flooring, built-in oak cabinetry, a kitchen island, a spacious storage room, and a built-in Murphy bed. The open-concept design flows onto a balcony with city views, perfect for summer entertaining. This pet-friendly unit includes one parking spot and one storage locker. The Donovan offers premium amenities, including a fitness center and a party room with a pool table. Steps from Yaletown's vibrant shops and dining, including Small Victory Bakery, The Keg, and Minami, as well as nearby parks, the Seawall, and cultural landmarks like the Vancouver Public Library.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms1
Bathrooms1
Living Area562 sqft
Property TypeResidential Lease – Apartment/Condo
MLS® R2946396
StatusRented
Listing BrokerSwift Realty Ltd.

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed

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Market Overview

Downtown VW · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos449
Median Asking Price $ 724,000 $ 2,900
Median Price per SqFt $1,017 $5
Median Days on Market 70
Sold Properties Sep 2026Aug 2026Sep 2025
Condos 3 ▼92.5% 37 40
Median Selling Price $ 572,000 ▼16.9% $ 688,000 $ 688,500
Median Price per SqFt $1,006 ▼2.8% $965 $1,035
Median Days on Market 481831
Median Discount Off Ask 7.7%4.5%3.8%
New Listings 1412553
Months of Inventory 10.4

At the current sales pace, it would take about 10 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

Downtown VW: Number of Sales

Downtown VW: Median Sold Price

Downtown VW: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for Downtown VW. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.