2505 388 Drake St, Vancouver BC - Apartment/Condo for Sale - MLS# R3016216

$1,290,000
Est. Mortgage $5,707/mo
2 Beds
2 Baths
1202 sqft
1073 $ /sqft
961.16 $ Maint. fee
1995 built
11.0% price reduction
$1,290,000
$1,450,000
Est. $5,707/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 2505 388 Drake Street

11.0% price reduction

PANORAMIC WATERFRONT VIEWS at Governor's Tower! Experience unobstructed, breathtaking vistas of False Creek and David Lam Park through stunning floor-to-ceiling windows in this spacious 2 Bedroom + Den home. Thoughtfully designed with an open layout and abundant natural light, offering both comfort and functionality. Enjoy the tranquility of waterfront living right in the heart of vibrant Yaletown. Features include updated flooring and appliances (approx. 4 years old), generous in-suite storage, and a rare offering of 5 secured parking stalls — including triple tandem + side-by-side, ideal for collectors or multigenerational households. Comes with an oversized locker for even more convenience. Resort-style amenities include an indoor pool, fitness center, and 24-hour concierge. Steps from

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features Elevator, Storage
Fireplace 0
Heating Type Baseboard
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Mixed
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden, No Outdoor Area
View Description False Creek, David Lam Park
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $1,290,000
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1202
Year Built 1995
Age Of Building 31
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Exercise Centre, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Ownership Type Freehold Strata
Maintenance Fee $961.16
Community Features Shopping Nearby
Amenities Nearby Exercise Centre, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public
Parking Type Garage Under Building, Front Access
Total Parking Spaces 5
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Yes With Restrictions
Rental Suites None
Units In Development 237

Lot & Land

Lot Size Depth Feet
Lot Size Frontage 0
MLS® # R3016216
Area Vancouver West
Neighbourhood Yaletown
City Vancouver
Postal Code V6B 6A8
Gross Taxes $4,192
Zoning CD-1

Property Timeline

Status Date Price
R3016216 / Active 06-16-2025 $1,290,000
Rooms
Floor Type Dimensions
Main Level Living Room 15'9 x 15'9 ft
Main Level Dining Room 12'7 x 12'7 ft
Main Level Kitchen 8'1 x 8'1 ft
Main Level Primary Bedroom 13'0 x 13'0 ft
Main Level Bedroom 10'4 x 10'4 ft
Main Level Den 14'9 x 14'9 ft
Main Level Storage 8'2 x 8'2 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #4
Main Level No #4

Listed by: Nu Stream Realty Inc. & Nu Stream Realty 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

Secondary
King George Secondary School
2 km
Elementary
Elsie Roy Elementary School
Average
0.21 km
6.1/10

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 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 2505 388 Drake Street

BC Assessment Value — 2505 388 Drake Street

2026 assessed value, sourced from City of Vancouver open data (PID 019-050-402).
Total Assessed Value (2026)
$1,313,000
-4.8% YoY
-2.2%/yr over 4 yr
2022 Value Trend 2026
Land
$902,000
Buildings
$411,000
Year Built
1995
Class
Comprehensive Development
Zoning
CD-1 (266)
Property Tax
$4,418
Year Land Improvements Total Assessed YOY Change
2026 $902,000 $411,000 $1,313,000
-4.8%
2025 $947,000 $432,000 $1,379,000
-2.3%
2024 $970,000 $442,000 $1,412,000
+2.7%
2023 $944,000 $431,000 $1,375,000
-4.1%
2022 $958,000 $476,000 $1,434,000

Mortgage Calculator for 2505 388 Drake Street

/month
Principal & Interest
Property Taxes $349
Maintenance fee 0
With a 20% down payment, buyers can expect an estimated $6,237/month in total housing costs on this $1,290,000 property — $4,927 mortgage payment, $349 property tax, $961 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%
Based on $3,870/month estimated rent and $6,292/month in total housing costs, this property has a -$2,422/month cashflow. Break-even down payment: approximately 60%.
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 $1,290,000
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 8.6% above the neighbourhood average. This property is flagged as a Hot Deal (11.0% price reduction) based on its competitive pricing and market demand.

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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