1206 388 Drake St, Vancouver BC - Apartment/Condo for Sale - MLS# R3127968

$1,048,800
Est. Mortgage $4,640/mo
Governor's Tower
2 Beds
2 Baths
1164 sqft
901 $ /sqft
946.82 $ Maint. fee
1994 built
$1,048,800
Est. $4,640/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

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Property Details for 1206 388 Drake Street

Expansive city views from every window with peek-a-boo water views of False Creek. This spacious 1,164 sqft home features 2 bedrooms plus a separate den with corner windows, perfect for a work-from-home office, and 2 full bathrooms. Functional layout with large open living and dining areas, bay window in the living room, and windows on 3 sides bringing in exceptional natural light. Includes 2 parking stalls and 1 large storage locker. Fully rainscreened with new windows (2011), re-piped (2019), new elevators (2021), and $2M amenities renovation (2023). Steps to Yaletown’s best restaurants, Choices Market, David Lam Park, Canada Line, and the Seawall. Governor’s Tower offers a 24-hour concierge, indoor pool, hot tub, sauna, gym, and outdoor garden with playground. One of best YT buildings.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Interior Features Elevator
Heating Type Baseboard, Electric
# of Kitchens 1
Foundation Concrete Perimeter

Exterior Features

Exterior Features No Outdoor Area
View Description City
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $1,048,800
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1164
Year Built 1994
Age Of Building 32
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Bike Room, Exercise Centre, Sauna/Steam Room, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Water
Building Name Governor's Tower
Ownership Type Freehold Strata
Maintenance Fee $946.82
Amenities Nearby Bike Room, Exercise Centre, Sauna/Steam Room, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Water
Utility Type Electricity Connected, Water Connected
Utility Sewer Sanitary Sewer
Water (WaterSource) Public
Parking Type Garage Under Building
Total Parking Spaces 2
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Restrictions 100
Units In Development 237

Lot & Land

MLS® # R3127968
Area Vancouver West
Neighbourhood Yaletown
City Vancouver
Postal Code V6B 6A8
Gross Taxes $3,708.56
Zoning CD-1

Property Timeline

Status Date Price
R3127968 / Active 05-25-2026 $1,048,800
Rooms
Floor Type Dimensions
Main Level Living Room 18'9 x 18'9 ft
Main Level Dining Room 11'6 x 11'6 ft
Main Level Kitchen 8'6 x 8'6 ft
Main Level Primary Bedroom 13'9 x 13'9 ft
Main Level Bedroom 9'11 x 9'11 ft
Main Level Den 11'5 x 11'5 ft
Main Level Foyer 8'2 x 8'2 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #4
Main Level Yes #4

Listed by: Framework Marketing Inc.

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
Elsie Roy Elementary School
0.21 km
Secondary
King George Secondary School
2 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Anchor Point Montessori
0.58 km
Secondary
Pattison High School
0.8 km

Closest Transit

Bus Stop
Westbound Pacific Blvd @ Drake St
0.03 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn
0.18 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Above Average

Demographics

Post-Secondary Education
Above Average
57%
No Certificate/Degree
Below Average
5.1%
Owner Occupied
Below Average
56.2%
Employment Rate
Below Average
48.4%

Noise/ Power Lines

Road/Hwy Noise
Possible
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

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 1206 388 Drake Street

BC Assessment Value — 1206 388 Drake Street

2026 assessed value, sourced from City of Vancouver open data (PID 019-049-803).
Total Assessed Value (2026)
$1,133,000
-4.7% YoY
-1.6%/yr over 4 yr
2022 Value Trend 2026
Land
$726,000
Buildings
$407,000
Year Built
1995
Class
Comprehensive Development
Zoning
CD-1 (266)
Property Tax
$3,812
Year Land Improvements Total Assessed YOY Change
2026 $726,000 $407,000 $1,133,000
-4.7%
2025 $762,000 $427,000 $1,189,000
-2.3%
2024 $780,000 $437,000 $1,217,000
+4.9%
2023 $744,000 $416,000 $1,160,000
-4.1%
2022 $717,000 $492,000 $1,209,000

Mortgage Calculator for 1206 388 Drake Street

/month
Principal & Interest
Property Taxes $309
Maintenance fee 946.82
Financing 80% of the $1,048,800 asking price over 30 years at 4% results in approximately $5,262/month in total estimated carrying costs, $309 property tax, $947 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%
This listing generates an estimated $3,146/month in rental income, leaving a -$2,161/month cashflow at current carrying costs. Investors targeting break-even would need roughly 64% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Yaletown, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $1,048,800
Vancouver Loading...
Yaletown Loading...

Based on 72 comparable active apartments/condos in Yaletown, the average asking price is $1,188,121. This listing is priced 11.7% 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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