Downtown Townhouses for Sale
Downtown Vancouver townhouses are a rare and highly sought-after product type: the privacy and multi-level layout of a house combined with the amenities and maintenance-free lifestyle of strata living, set in the heart of one of North America's most walkable urban cores. Most downtown townhouse inventory is concentrated along the False Creek waterfront between Yaletown and Olympic Village, where early 2000s and late 1990s developments integrated ground-level townhomes into larger strata complexes. These properties appeal to buyers who want outdoor space, private entrances, and multiple levels without leaving the urban core — typically families, professionals who entertain, and empty-nesters who find high-rise condo living too compact.
Quick Answer: Downtown Vancouver townhouses range from approximately $875K for a compact two-level unit in a False Creek complex to $2.5M or more for a larger three-bedroom False Creek waterfront townhome with private patio and marina views. The product type is genuinely scarce — there are relatively few strata townhome complexes in the downtown core — which keeps absorption fast and prices firm.
Downtown Townhouses Market Overview
The downtown townhouse market is characterized by extremely limited supply and consistent demand from buyers who cannot find the outdoor space and floor separation they want in a traditional high-rise. False Creek townhouse complexes built between 1990 and 2005 dominate the available inventory, and resales occur infrequently. When quality units come to market, they attract multiple serious buyers quickly. The Olympic Village development has added some newer townhouse product, including units in the Village on False Creek and nearby developments. There has been essentially no net new townhouse supply added to the downtown core in the last decade, as development economics strongly favour high-rise towers.
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Downtown townhouses for sale right now
Live MLS® townhouses in Downtown, refreshed daily. Tap any listing for full details, or reach out and we'll send matches straight to your inbox.
$1,449,9001227 RICHARDS STREET, Vancouver
2 beds2 baths1,269 sqft
MLS® R3148144 · Royal LePage Sterling Realty
$1,435,0001051 RICHARDS STREET, Vancouver
2 beds3 baths1,218 sqft
MLS® R3143771 · Laboutique Realty
$965,000TH3 63 KEEFER PLACE, Vancouver
3 beds3 baths1,266 sqft
MLS® R3142219 · Engel & Volkers Vancouver
$1,349,000891 HELMCKEN STREET, Vancouver
2 beds2 baths1,375 sqft
MLS® R3141900 · Macdonald Realty
$1,349,9001082 HORNBY STREET, Vancouver
0 beds2 baths1,220 sqft
MLS® R3134192 · Grand Central Realty
$798,000513 1283 HOWE STREET, Vancouver
2 beds2 baths950 sqft
MLS® R3133746 · RE/MAX Crest Realty
$868,0001072 SEYMOUR STREET, Vancouver
2 beds2 baths1,068 sqft
MLS® R3133180 · Framework Marketing Inc.
$1,879,0001106 HORNBY STREET, Vancouver
1 bed2 baths1,950 sqft
MLS® R3131969 · TRG The Residential Group Downtown Realty
$780,000119 REGIMENT SQUARE, Vancouver
1 bed2 baths856 sqft
MLS® R3107158 · Nu Stream Realty Inc.
Townhouses Price Range in Downtown
Compact two-bedroom, two-level townhomes in False Creek and Olympic Village-adjacent developments start around $875K to $1.2M depending on the development, level of finishing, and outdoor space. Three-bedroom units with larger patios and more storage range from $1.25M to $1.9M. Premium units on the False Creek waterfront with marina or park views, private gardens, and direct pedestrian access to the seawall can exceed $2.2M to $2.5M. Maintenance fees in False Creek townhouse complexes are typically $600 to $1,000 per month given the complex grounds maintenance, amenity buildings, and marina facilities in some developments. Some older complexes have significant special levy history — a thorough strata document review is essential.
Notable Buildings & Developments
Marinaside Crescent townhouse rows in Yaletown
Village on False Creek townhome blocks (Olympic Village)
Heritage Landing townhomes on Pacific Boulevard
False Creek North townhouse complexes on Lamey's Mill Road
Coopers Lookout townhomes near the Cambie Bridge
Lifestyle & Getting Around
Living in Downtown
Downtown townhouse residents enjoy one of Vancouver's most privileged urban lifestyles. The False Creek seawall runs directly past many complexes, offering a 28-kilometre cycling and walking loop. Granville Island and its Public Market is a 10-minute walk or short Aquabus ride. Yaletown's restaurants and nightlife are immediately adjacent. The Olympic Village neighbourhood has developed its own strong cafe and restaurant scene. Science World and its events programming are within walking distance. The combination of waterfront access, cultural amenities, and downtown convenience attracts a buyer profile that values urban living at its richest.
Transit & Commuting
Downtown townhouses near False Creek are served by Yaletown-Roundhouse SkyTrain station (Canada Line) and multiple bus routes on Davie, Pacific, and Granville. The Olympic Village SkyTrain station (Canada Line) serves the eastern False Creek complexes. Both stations provide rapid access to downtown, the South Granville corridor, and YVR airport. The seawall itself is a cycling commute corridor to both downtown and Kitsilano. The Aquabus ferry connects directly to Granville Island and South False Creek.
Investment Potential
Downtown townhouses are a premium hold for investors who can absorb higher carrying costs. The scarcity of the product type — virtually no new supply has been added in a decade — supports exceptional price resilience. Rental demand from senior executives, visiting professionals, and families on corporate relocation is strong, with units typically renting within two weeks of listing. Gross rental yields are lower than smaller downtown condos (typically 2.5 to 3.5 percent given purchase prices), but appreciation and capital preservation have historically been outstanding. These are long-duration hold assets rather than yield-maximization plays.
Read our full Vancouver Real Estate Investment Guide →Related Pages
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Frequently Asked Questions
What are the townhouses in False Creek Vancouver like?
False Creek townhouses are typically two to three-storey strata properties within larger mixed-use complexes along the waterfront. They feature private ground-level entries, small patios or gardens, direct seawall access, and strata amenities such as concierge, fitness facilities, and storage. Most were built between 1990 and 2005 and have a townhouse-within-a-complex format rather than freestanding street-fronting rowhouses. Interior layouts are generally 1,000 to 1,800 square feet across two or three levels.
What is the price of a townhouse in downtown Vancouver?
Downtown Vancouver townhouses in 2026 range from approximately $875K for a compact two-bedroom unit to $2.5M for a larger three-bedroom False Creek waterfront property. The mid-range for a two-bedroom False Creek townhouse in a well-maintained complex is approximately $1.1M to $1.5M. Prices are supported by extremely limited supply and consistent demand.
Can I rent out a downtown Vancouver townhouse?
Most False Creek and downtown townhouse stratas allow long-term rentals, though some older complexes have rental caps or restrictions that limit the number of investor-owned units in the building at any time. Short-term rentals (Airbnb, VRBO) are generally not permitted in strata complexes under Vancouver's short-term rental regulations unless the owner is present. Reviewing the specific strata bylaws before purchasing for investment purposes is critical.
How do False Creek townhouses compare to Yaletown condos?
False Creek townhouses offer multi-level layouts, private outdoor space, and direct seawall access that standard Yaletown high-rise condos do not provide. Townhouses are typically larger (1,100 to 1,800 sq ft) than comparable Yaletown condos, with more privacy and less shared-building noise. The trade-off is a higher purchase price per square foot, higher strata fees, and less flexibility in layout changes. Buyers who prioritize outdoor space and multi-level living tend to prefer townhouses; those who prioritize city views and building amenities often choose high-rise condos.
Are there new townhouses being built in downtown Vancouver?
New strata townhouse construction in the downtown core is extremely rare because development economics favour high-rise towers on valuable downtown land. Most new construction includes high-rise condos with a ground-level townhome podium component. True multi-level townhome strata complexes similar to the False Creek model have not been added to the downtown inventory in significant numbers for over a decade, which is a key reason why existing False Creek townhouses hold their value so well.
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