206 288 W 1st Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R3142431

$1,029,000
Est. Mortgage $4,552/mo
2 Beds
2 Baths
891 sqft
1155 $ /sqft
679.66 $ Maint. fee
2012 built
$1,029,000
Est. $4,552/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Photos

Property Details for 206 288 W 1st Avenue

Welcome to The James by Cressey, a sought-after concrete residence in the heart of Olympic Village. This bright 891 SF, 2 bed, 2 bath home offers a smart split-bedroom layout, separate dining area, heat pump w/ A/C & heating, in-suite storage, floor-to-ceiling windows & mountain & skyline outlooks from the covered balcony. The signature Cressey kitchen features thoughtful storage, integrated function, a Blomberg fridge, Fagor gas cooktop & oven & LG dishwasher. Includes rare side-by-side parking stalls 62/63 w/ bike storage in the parking area. Amenities include concierge, gym, hot tub, steam room, sauna, and party room w/ kitchen. Steps to False Creek Seawall, Urban Fare, London Drugs, transit, parks, cafes, restaurants and shops. Open House Sunday July 5th, 2:30-4:00 PM.

Interior Features

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

Exterior Features

Exterior Features Garden, Balcony
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $1,029,000
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 891
Year Built 2012
Age Of Building 14
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Bike Room, Clubhouse, Exercise Centre, Sauna/Steam Room, Concierge, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Snow Removal
Ownership Type Freehold Strata
Maintenance Fee $679.66
Community Features Shopping Nearby
Amenities Nearby Bike Room, Clubhouse, Exercise Centre, Sauna/Steam Room, Concierge, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Snow Removal
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public
Parking Type Underground, Garage Door Opener
Total Parking Spaces 2
Strata Restrictions Pets Allowed,Rentals Allowed
Pet Restrictions Cats OK, Dogs OK, Yes
Rental Restrictions 100
Rental Suites None
Units In Development 155

Lot & Land

MLS® # R3142431
Area Vancouver West
Neighbourhood False Creek
City Vancouver
Postal Code V5Y 0E9
Gross Taxes $3,171.28
Zoning CD

Property Timeline

Status Date Price
R3142431 / Active 07-02-2026 $1,029,000
R3136639 / Terminated 06-16-2026 $1,029,000
Rooms
Floor Type Dimensions
Main Level Living Room 12'5 x 12'5 ft
Main Level Dining Room 8'11 x 8'11 ft
Main Level Primary Bedroom 10'5 x 10'5 ft
Main Level Kitchen 8'2 x 8'2 ft
Main Level Bedroom 8'10 x 8'10 ft
Main Level Foyer 6'2 x 6'2 ft
Main Level Storage 5'5 x 5'5 ft
Main Level Patio 4'6 x 4'6 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4
Main Level Yes #3

Listed by: Dexter 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.

Map & Neighbourhood

Public Schools

Elementary
Simon Fraser Elementary School
Above Average
1.35 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
0.54 km
Elementary,Secondary
Eaton Arrowsmith School (Vancouver) Ltd
0.54 km

Closest Transit

Bus Stop
Westbound W 2nd Ave @ Crowe St
0.1 km
Skytrain
Skytrain @ Olympic Village Stn
0.38 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

41 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $879,898
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.38 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
7 DOM
Listed
False Creek avg
Vancouver avg

206 288 W 1st Avenue has a sell-speed score of 41/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 14.5% above comparable active properties in False Creek. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V5Y 0E9

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5Y 0E9, 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 days 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

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 206 288 W 1st Avenue

Pre-computed routes from 206 288 W 1st Ave, Vancouver, BC

By transit (Skytrain)

  • Downtown Vancouver via Olympic Village → Waterfront
    14 min
  • Metrotown, Burnaby via Olympic Village → Metrotown
    32 min
  • SFU Burnaby via Olympic Village → Production Way
    39 min
  • Richmond Centre via Olympic Village → Brighouse
    27 min
  • YVR Airport via Olympic Village → YVR-Airport
    28 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
    12 min

Calculate your commute

206 288 W 1st Ave, Vancouver, BC is ideally located for commuters. The property is 0.4 km from Olympic Village, with a 14 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: Rider's Paradise (96/100).

Walkability & Transit Near 206 288 W 1st Avenue

Walk Score Badge
Car-Dependent 97

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 96

Transit Score - Rider's Paradise

World-class public transportation
Bike Score Badge
Somewhat
Bikeable
98

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

BC Assessment Value — 206 288 W 1st Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 028-886-127).
Total Assessed Value (2026)
$971,000
-4.5% YoY
-0.2%/yr over 4 yr
2022 Value Trend 2026
Land
$707,000
Buildings
$264,000
Year Built
2012
Class
Comprehensive Development
Zoning
CD-1 (483)
Property Tax
$3,266
Year Land Improvements Total Assessed YOY Change
2026 $707,000 $264,000 $971,000
-4.5%
2025 $740,000 $277,000 $1,017,000
+1.5%
2024 $729,000 $273,000 $1,002,000
-2.6%
2023 $749,000 $280,000 $1,029,000
+5.2%
2022 $694,000 $284,000 $978,000

Mortgage Calculator for 206 288 W 1st Avenue

/month
Principal & Interest
Property Taxes $264
Maintenance fee 679.66
A 20% down payment of $205,800 on this $1,029,000 listing yields an estimated mortgage of $3,930/month (30-year fixed, 4%). Total estimated housing cost: $4,874/month, $264 property tax, $680 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:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
With $2,933/month in estimated rental income against $4,918/month in mortgage payments, the monthly cashflow is -$1,985/month. A 61% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — False Creek, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $1,029,000
Vancouver Loading...
False Creek Loading...

Based on 24 comparable active apartments/condos in False Creek, the average asking price is $1,079,862. This listing is priced 4.7% below the neighbourhood average.

Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 206 288 W 1st Avenue

Walk Score Badge
Car-Dependent 97

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 96

Transit Score - Rider's Paradise

World-class public transportation
Bike Score Badge
Somewhat
Bikeable
98

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

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