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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
| 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 | Balcony |
|---|---|
| Roof | Other |
| Structures | Multi Family, Residential Attached |
| 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 Size Depth | Feet |
|---|---|
| MLS® # | R3122634 |
| Area | Vancouver West |
| Neighbourhood | False Creek |
| City | Vancouver |
| Postal Code | V5Y 0B2 |
| Gross Taxes | $2,800.21 |
| Zoning | APT |
| 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 |
| 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.
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
410 388 W 1st Avenue has a sell-speed score of 38/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 19.4% 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.
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).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
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.
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.
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.
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.
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.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
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).
| 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 | — |
Based on 8 comparable active apartments/condos in False Creek, the average asking price is $816,000. This listing is priced 10.2% above the neighbourhood average.
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