Yaletown condo buildings skyline

The Real Cost of Yaletown vs Fairmont Pacific Rim

|

By Yuliya Lys, REALTOR® & PREC, The Partners Real Estate – Yaletown, downtown Vancouver, Coal Harbour and Fairmont Pacific Rim expert. Last updated: September 2026.

At roughly $2,500,000, Yaletown and Fairmont Pacific Rim in Coal Harbour aren’t really competing for the same buyer – they’re two different versions of downtown Vancouver luxury. Yaletown’s own top buildings hold their own on size, finish and even amenities. What they don’t have is a hotel next door. Here’s the real comparison, building by building.

Key Takeaways

  • Seven Yaletown condos sold between $2,375,000 and $2,500,000 since late 2024, averaging 1,687 sf at $1,466 per square foot – a strong benchmark for what this price point buys among Yaletown’s best buildings.
  • At Fairmont Pacific Rim, just under that budget, $2,398,000 buys 3804 at $1,836 per square foot – the cost of owning inside an operating five-star hotel rather than a residential-only address.
  • Yaletown’s best buildings – The Erickson, King’s Landing, The Grace and The Charleson – genuinely compete on amenities, with concierge, gyms, pools, saunas and even a putting green in one case.
  • Building-by-building, King’s Landing’s own average sale price ($1,996 per square foot across 9 closed sales) already runs higher than Fairmont Pacific Rim’s 3804 ($1,836 per square foot) – Yaletown’s very best units already trade at Coal Harbour hotel-branded pricing.
  • None of them is hotel-operated. Fairmont Pacific Rim’s amenities come from an actual five-star hotel on site – valet, in-suite room service, restaurants and a Fairmont-run pool deck – a different category rather than a better or worse one.
  • Strata fees across all of these buildings land in a surprisingly tight band, roughly $0.88 to $1.21 per square foot – the hotel-branded model doesn’t come with a meaningfully higher monthly cost.
  • The real Vancouver peers to Fairmont Pacific Rim’s hotel-residence model are 1111 Alberni Street (Shangri-La, transitioning to Park Hyatt Vancouver), 1151 West Georgia Street (built as Trump International Hotel & Tower, now Paradox Hotel Vancouver) and 667 Howe Street (The Private Residences at Hotel Georgia) – none is in Yaletown, but all three are worth knowing about if the hotel-branded lifestyle itself is what you’re after.

What $2,500,000 Buys in Yaletown

These are real closed sales, not asking prices – every Yaletown condo that sold between $2,375,000 and $2,500,000 since late 2024:

 

Address Sold Size Price $/sf
2005 1328 Marinaside Crescent Apr 2026 1,508 sf $2,480,000 $1,645
1102 1280 Richards Street Mar 2026 1,885 sf $2,500,000 $1,326
122 1228 Marinaside Crescent Jan 2026 2,047 sf $2,453,000 $1,198
2603 8 Smithe Mews Mar 2025 1,627 sf $2,425,000 $1,490
3801 1009 Expo Boulevard Mar 2025 1,541 sf $2,400,000 $1,557
1901 1280 Richards Street Mar 2025 1,841 sf $2,380,000 $1,293
3902 1033 Marinaside Crescent Dec 2024 1,357 sf $2,375,000 $1,750

 

Average: 1,687 sf at $1,466 per square foot. A handful of active Yaletown listings sit right at this price too – 903, 1515 Homer Mews at $2,500,000 for 1,446 sf, 200, 9 Smithe Mews at $2,499,000 for 2,003 sf, and 4906, 1480 Howe Street at $2,488,000 for 1,552 sf.

 

What that buys you: real square footage in some of Yaletown’s most established buildings, at $1,466 per square foot on average, with a walk to restaurants and the Seawall.

What $2,398,000 Buys in Coal Harbour

Just under that same budget, Fairmont Pacific Rim buys 3804, 1011 W Cordova Street – a 1,306 sf, south-facing two-bedroom on the 38th floor, one of only about a dozen units in the entire tower built to this exact layout, at $1,836 per square foot. Worth noting: 3804 faces the city, not the water, so that price reflects the hotel-branded address itself rather than a view premium.

 

What that buys you: ownership inside an operating five-star hotel – the Fairmont Pacific Rim itself – with a pool deck, 24-hour concierge, valet and in-suite service built into daily life, not added on.

Yaletown’s Best vs. a Hotel-Branded Building

Yaletown has real luxury buildings of its own. Four stand out at this price point, and each holds up well on its own terms – here’s every closed sale on file for each one, not just a sample.

 

The Erickson, 1560 Homer Mews and 282 Beach Crescent – a 60-suite, Arthur Erickson-designed building on False Creek, built in 2010. Amenities: 24-hour concierge, gym, indoor pool, whirlpool, sauna and steam room, theatre room and meeting room.

 

Address Sold Size Price $/sf
702 1560 Homer Mews Jul 2025 2,067 sf $3,600,000 $1,742
301 1560 Homer Mews Mar 2025 1,568 sf $2,950,000 $1,881
282 Beach Crescent (townhome) Dec 2024 1,596 sf $2,265,000 $1,419

 

Three closed sales since late 2024, averaging $1,681 per square foot. Strata fees run about $1.21 per square foot.

 

King’s Landing, 1515 Homer Mews and 428 Beach Crescent – built 2005.

 

Address Sold Size Price $/sf
1201 428 Beach Crescent Jun 2026 1,644 sf $3,200,000 $1,946
2302 428 Beach Crescent Jan 2026 1,750 sf $3,890,000 $2,223
2002 1515 Homer Mews Oct 2025 2,673 sf $5,888,000 $2,203
901 1515 Homer Mews Oct 2025 2,183 sf $4,630,000 $2,121
1003 1515 Homer Mews Oct 2025 1,447 sf $2,300,000 $1,590
1202 1515 Homer Mews Jul 2025 2,238 sf $4,888,000 $2,184
2103 428 Beach Crescent Jul 2025 1,359 sf $2,010,000 $1,479
1202 428 Beach Crescent Jun 2025 1,739 sf $3,499,000 $2,012
2002 1515 Homer Mews Apr 2025 2,673 sf $5,888,000 $2,203

 

Nine closed sales since late 2024, averaging $1,996 per square foot – and one active listing, 1802 1515 Homer Mews, is currently pending at $4,888,000 for 2,192 sf. Amenities: pool and hot tub. Strata fees run about $1.18 per square foot. (Unit 2002 shows two separate closings six months apart at the identical $5,888,000 – worth confirming with the listing agent whether that’s a resale, an assignment, or a data duplicate before this number gets quoted publicly.)

 

The Grace, 1280 Richards Street – built 2008. Amenities: concierge, gym, indoor/outdoor pool, hot tub, sauna, meeting room, a common courtyard and even a putting green.

 

Address Sold Size Price $/sf
1102 1280 Richards Street Mar 2026 1,885 sf $2,500,000 $1,326
1901 1280 Richards Street Mar 2025 1,841 sf $2,380,000 $1,293
601 1280 Richards Street Jul 2025 1,252 sf $1,580,000 $1,262
801 1280 Richards Street May 2026 1,151 sf $1,350,000 $1,173

 

Four closed sales since late 2024, averaging $1,263 per square foot. Strata fees run about $0.88 per square foot.

 

The Charleson, 499 Pacific Street – Yaletown’s newest luxury tower, built in 2018 by Onni. Amenities: gym, outdoor pool, hot tub, sauna, guest suites, a lounge/party room, rooftop patio and bicycle storage.

 

Address Sold Size Price $/sf
1000 499 Pacific Street (penthouse) Nov 2024 3,449 sf $7,250,000 $2,102
3802 499 Pacific Street Sep 2025 1,641 sf $3,110,000 $1,895
3302 499 Pacific Street Jun 2026 1,607 sf $2,780,000 $1,730
2502 499 Pacific Street Apr 2026 1,643 sf $2,790,000 $1,698
2502 499 Pacific Street Oct 2024 1,618 sf $2,800,000 $1,731
2903 499 Pacific Street May 2025 1,185 sf $2,138,200 $1,804
2003 499 Pacific Street May 2026 1,201 sf $1,925,000 $1,603
1103 499 Pacific Street Jun 2026 1,173 sf $1,858,000 $1,584
201 499 Pacific Street May 2026 972 sf $1,320,000 $1,358

 

Nine closed sales since late 2024, averaging $1,723 per square foot – or $1,675 per square foot excluding the 3,449 sf penthouse at 1000, which is the more typical figure for a regular-sized unit here. Strata fees run about $0.96 per square foot. (Unit 2502 also shows two closings, October 2024 and April 2026, at nearly identical prices – likely a genuine resale given the 18-month gap, but worth a quick confirmation too.)

 

Fairmont Pacific Rim, 1011 W Cordova Street – built 2010. Amenities: 24-hour concierge and door attendant, valet, rooftop pool deck with poolside food and drink service and private cabanas, gym, sauna, steam room, hot tub, a private screening room, business centre, ballroom, and on-site restaurants with in-suite room service through the hotel. Strata fees run about $0.91 per square foot. It’s worth calling out on its own: none of the four Yaletown buildings above offers actual service at the pool – no poolside bar, no cabana food and drink service. Fairmont Pacific Rim’s pool deck is staffed by the hotel, the same as any five-star resort pool, which none of these self-managed condo buildings can replicate regardless of how nice their pool looks.

 

Lined up against each other, here’s how the average sale at each building compares on a pure price-per-square-foot basis, against 3804’s $1,836 per square foot at Fairmont Pacific Rim:

 

Building Closed Sales Avg $/sf vs. Fairmont Pacific Rim (3804)
King’s Landing 9 $1,996 9% higher
Fairmont Pacific Rim (3804) $1,836
The Charleson 9 $1,723 6% lower
The Erickson 3 $1,681 8% lower
The Grace 4 $1,263 31% lower

 

The genuinely surprising result: King’s Landing’s own average sale price already runs higher per square foot than Fairmont Pacific Rim’s 3804 – proof that Yaletown’s very best units already trade at Coal Harbour hotel-branded pricing, hotel or no hotel. The Charleson and The Erickson land close behind, within single digits. The Grace is the clear value play of the group. None of the four Yaletown buildings has an actual operating hotel attached – valet parking, in-suite room service, a restaurant downstairs, housekeeping on request, or actual service at the pool. That’s not a gap in how well-run these buildings are; it’s simply a different building category. A self-managed strata, however well-appointed, runs differently than a building with five-star hotel operations built into its DNA.

 

What stands out most is that this doesn’t show up in the monthly fee. All five buildings land within about a third of a dollar per square foot of each other – Fairmont Pacific Rim’s hotel-level services don’t carry the fee premium you might expect.

The Real Comparisons: Vancouver’s Other Hotel-Branded Towers

If the hotel-branded model itself – not the neighbourhood – is what you’re after, Vancouver has a small handful of these buildings, and none of them is in Yaletown.

 

1111 Alberni Street and 1128 West Georgia Street – completed in 2008 as Living Shangri-La, still the tallest building in Vancouver. The hotel that occupies the tower’s lower floors has since changed hands: it operated for years as Shangri-La, then rebranded to Hyatt Vancouver Downtown Alberni, and is set to relaunch as Park Hyatt Vancouver in 2026 after a multi-million dollar renovation. The residential side of the building actually splits into two distinct tiers, both in the same tower.

 

The standard Residences, addressed at 1111 Alberni Street, have seen 23 closed sales since late 2024:

 

Address Sold Size Price $/sf
3202 1111 Alberni Street Aug 2026 1,620 sf $2,050,000 $1,265
3402 1111 Alberni Street Jul 2026 1,628 sf $1,899,000 $1,166
3807 1111 Alberni Street Jun 2026 1,447 sf $1,895,000 $1,310
1701 1111 Alberni Street May 2026 1,345 sf $1,580,000 $1,175
2107 1111 Alberni Street May 2026 595 sf $770,000 $1,294
2206 1111 Alberni Street Apr 2026 731 sf $806,500 $1,103
3308 1111 Alberni Street Mar 2026 1,137 sf $1,240,000 $1,091
2903 1111 Alberni Street Dec 2025 672 sf $781,000 $1,162
4005 1111 Alberni Street Nov 2025 1,028 sf $1,100,000 $1,070
3309 1111 Alberni Street Oct 2025 1,449 sf $1,655,000 $1,142
3801 1111 Alberni Street Sep 2025 1,530 sf $2,225,000 $1,454
3806 1111 Alberni Street Aug 2025 1,560 sf $2,200,000 $1,410
3101 1111 Alberni Street Aug 2025 1,554 sf $1,950,000 $1,255
2003 1111 Alberni Street Aug 2025 673 sf $755,000 $1,122
1608 1111 Alberni Street Jul 2025 1,159 sf $1,183,000 $1,021
4007 1111 Alberni Street Jun 2025 1,447 sf $1,800,000 $1,244
1805 1111 Alberni Street Mar 2025 1,094 sf $1,195,000 $1,092
2605 1111 Alberni Street Mar 2025 1,095 sf $1,210,000 $1,105
2601 1111 Alberni Street Feb 2025 1,554 sf $1,738,888 $1,119
2106 1111 Alberni Street Feb 2025 730 sf $820,000 $1,123
3904 1111 Alberni Street Jan 2025 1,393 sf $1,850,000 $1,328
3505 1111 Alberni Street Nov 2024 1,028 sf $1,250,000 $1,216
2201 1111 Alberni Street Oct 2024 1,554 sf $1,688,000 $1,086

 

Range: $755,000 to $2,225,000, averaging $1,189 per square foot – directly in line with the Yaletown and Fairmont Pacific Rim numbers above. One level up, the Estates, addressed at 1128 West Georgia Street, are a noticeably larger and pricier tier – only four have sold in the same window:

 

Address Sold Size Price $/sf
5104 1128 W Georgia Street May 2026 2,388 sf $3,050,000 $1,277
5501 1128 W Georgia Street May 2026 2,502 sf $3,300,000 $1,319
5204 1128 W Georgia Street Dec 2024 2,387 sf $4,100,000 $1,718
5301 1128 W Georgia Street Oct 2024 2,518 sf $4,600,000 $1,827

 

Averaging 2,449 sf and $1,535 per square foot. Same building, same hotel, but a meaningfully different price bracket depending on which side you’re buying into. Owners on both sides have access to an exercise centre, outdoor pool, sauna and steam room, whirlpool, a clubhouse and a yoga/pilates studio, plus valet and dining through whichever hotel brand is currently operating downstairs. Strata fees on the Residences side average about $1.14 per square foot across all 23 sales, though that includes several small studios and one-beds that push the rate up – the Estates side runs higher still, about $1.32 per square foot. Given the hotel brand just changed, it’s worth confirming with the building’s property manager which specific hotel perks (spa access, room service, valet rates) carry over under Hyatt before quoting them to a client.

 

1151 West Georgia Street – built in 2016 as the Trump International Hotel & Tower, in Coal Harbour. The hotel portion rebranded to Paradox Hotel Vancouver in 2024, and current listings alternate between “Paradox,” “Paradox Vancouver” and “1151 Residences (Former Trump Tower).” Twelve units have sold since late 2024:

 

Address Sold Size Price $/sf
4806 1151 W Georgia Street Aug 2026 1,562 sf $2,025,000 $1,296
4705 1151 W Georgia Street Jun 2026 1,029 sf $1,415,000 $1,375
4205 1151 W Georgia Street May 2026 1,023 sf $1,325,000 $1,295
4602 1151 W Georgia Street May 2026 1,140 sf $1,550,000 $1,360
3502 1151 W Georgia Street Feb 2026 1,167 sf $1,550,000 $1,328
3803 1151 W Georgia Street Dec 2025 1,612 sf $2,668,000 $1,655
4502 1151 W Georgia Street Aug 2025 1,137 sf $1,800,000 $1,583
5502 1151 W Georgia Street Apr 2025 1,183 sf $1,850,000 $1,564
3701 1151 W Georgia Street Jan 2025 650 sf $1,010,000 $1,554
2508 1151 W Georgia Street Oct 2024 605 sf $850,000 $1,405
2703 1151 W Georgia Street Oct 2024 640 sf $899,999 $1,406
4305 1151 W Georgia Street Sep 2024 1,025 sf $1,675,000 $1,634

 

Range: $850,000 to $2,668,000, averaging $1,455 per square foot; two-bedrooms specifically ran $1,325,000 to $2,025,000, averaging $1,429 per square foot – squarely in the same range as the Yaletown and Fairmont Pacific Rim comparisons above. Owners have access to concierge, an outdoor pool, hot tub and 24-hour security. Strata fees average about $0.98 per square foot. Some older listings still reference Trump-era perks like chauffeured car service, which likely no longer apply post-rebrand and shouldn’t be repeated without confirming current, Paradox-era amenities first.

 

667 Howe Street – built 2012 to 2013 as The Private Residences at Hotel Georgia, in the Downtown core near the Vancouver Art Gallery. This one does have a real residential ownership component – fourteen units have sold since late 2024:

 

Address Sold Size Price $/sf
4602 667 Howe Street Aug 2026 3,485 sf $4,900,000 $1,406
3002 667 Howe Street Aug 2026 1,482 sf $1,800,000 $1,215
2702 667 Howe Street Aug 2026 1,488 sf $1,670,000 $1,122
2605 667 Howe Street May 2026 1,785 sf $2,300,000 $1,289
1803 667 Howe Street May 2026 1,443 sf $1,380,000 $956
4104 667 Howe Street Feb 2026 2,156 sf $3,225,000 $1,496
2405 667 Howe Street Dec 2025 1,725 sf $2,140,000 $1,241
4101 667 Howe Street Nov 2025 1,839 sf $2,338,000 $1,271
4801 667 Howe Street Jul 2025 7,236 sf $15,750,000 $2,177
2905 667 Howe Street Jun 2025 1,915 sf $2,400,000 $1,253
3201 667 Howe Street Apr 2025 1,823 sf $2,350,000 $1,289
2705 667 Howe Street Apr 2025 1,833 sf $2,347,400 $1,281
2504 667 Howe Street Jan 2025 1,347 sf $1,699,999 $1,262
1903 667 Howe Street Dec 2024 1,433 sf $1,630,000 $1,137

 

Range: $1,380,000 to $15,750,000, averaging $1,314 per square foot – though that top sale is a 7,236 sf penthouse pulling the average up. Two-bedrooms alone ranged $1,380,000 to $3,225,000, averaging $1,229 per square foot – the more representative figure, and again comparable territory to the numbers above. Strata fees average about $1.02 per square foot. Listings still reference the historic Hotel Georgia name throughout.

 

Between the three, these are the honest answers if someone asks whether anything else in the city compares to Fairmont Pacific Rim’s model: a short list, all outside Yaletown, and two of the three mid-rebrand themselves.

Strata Fees, Every Building Compared

Pulled out on its own, since it’s the number people actually budget against every month – here’s every building in this comparison, ranked from lowest to highest monthly cost per square foot:

 

Building Strata Fee $/sf Based On
The Grace $0.88 4 sales
Fairmont Pacific Rim $0.91 building-wide
The Charleson $0.96 9 sales
Paradox (1151 W Georgia) $0.98 12 sales
Hotel Georgia (667 Howe) $1.02 14 sales
Park Hyatt Residences (1111 Alberni) $1.14 23 sales, mixed unit sizes
King’s Landing $1.18 9 sales
The Erickson $1.21 3 sales
Park Hyatt Estates (1128 W Georgia) $1.32 4 sales

 

The full spread across all nine, Yaletown and hotel-branded alike, runs from $0.88 to $1.32 per square foot – less than half a dollar apart even between the cheapest and most expensive. Fairmont Pacific Rim sits near the low end of that range, not the high end, despite running a full five-star hotel operation. The two Park Hyatt tiers land highest of anyone here, which is worth a caveat: the Residences figure blends a lot of small studios and one-beds that carry a higher fee per square foot than larger units do, so it’s not a perfectly apples-to-apples read against the larger two- and three-bedroom units that make up most of the other buildings’ sales.

Frequently Asked Questions

Does any Yaletown building have hotel-style amenities like Fairmont Pacific Rim? Not quite. The Erickson, The Grace and The Charleson all offer strong wellness amenities and, in some cases, concierge service, which is closer than most Yaletown buildings get, but none has an actual hotel operating on site – no valet, room service, or hotel restaurant.

 

Are Fairmont Pacific Rim’s strata fees higher because of the hotel amenities? No. At about $0.91 per square foot, Fairmont Pacific Rim’s fees sit in the same range as Yaletown’s own top buildings, which run from $0.88 to $1.21 per square foot.

 

Which Yaletown building sells for the highest price per square foot? King’s Landing, averaging $1,996 per square foot across nine closed sales since late 2024 – actually higher than Fairmont Pacific Rim’s 3804 at $1,836 per square foot. The Charleson and The Erickson follow close behind, and The Grace is the best value of the group at $1,263 per square foot.

 

What’s the closest thing to Fairmont Pacific Rim outside Coal Harbour? Three buildings: 1111 Alberni Street (Shangri-La, becoming Park Hyatt Vancouver in 2026), 1151 West Georgia Street (built as Trump International Hotel & Tower, now Paradox Hotel Vancouver) and 667 Howe Street (The Private Residences at Hotel Georgia). All three pair residential ownership with an actual operating hotel, the same model as Fairmont Pacific Rim.

 

What’s the biggest practical difference between a Yaletown and a Coal Harbour two-bedroom at this price? What the price per square foot is actually buying. In Yaletown, $2,500,000 buys into some of the city’s most established buildings at roughly $1,466 per square foot. At Fairmont Pacific Rim, $2,398,000 buys ownership inside an operating five-star hotel at roughly $1,836 per square foot – two different ways to spend a comparable amount of money, both with strong demand behind them.

 

So which is actually the better buy – Yaletown or Fairmont Pacific Rim? Neither is objectively better – it comes down to lifestyle, not value. On pure price per square foot, Yaletown’s very best building (King’s Landing) already costs more than Fairmont Pacific Rim’s 3804, so this isn’t a case of one being the bargain and the other the splurge. Buyers drawn to Fairmont Pacific Rim usually want an address that runs like a five-star hotel day to day – valet, in-suite room service, a staffed pool deck – and the quieter, more insulated feel of the Coal Harbour waterfront. Buyers drawn to Yaletown’s best buildings usually want to be in the middle of the city’s most walkable restaurant and Seawall stretch, in an established building they furnish and live in on their own terms, without hotel operations layered in. Some people want hotel-like living. Some people want a quieter, more residential address. Both are well-supported by the numbers – the right answer is genuinely personal.

 

Can I get exact sold-price comparables for a specific Yaletown building? Yes – send me the building and I’ll pull its full resale history, the same way I do for Fairmont Pacific Rim.

Considering One of These Buildings?

Whether it’s a landmark Yaletown address like The Erickson, King’s Landing, The Grace or The Charleson, or a hotel-branded residence like Fairmont Pacific Rim, I work all of these buildings directly and can walk you through exactly what your budget buys in each – real sales data, not neighbourhood generalities. Get in touch and I’ll pull the numbers for your specific situation.

Yuliya Lys, REALTOR® & PREC, The Partners Real Estate 604-500-5838 – yuliya@yuliyalys.com

 

Similar Articles