405 789 Drake St, Vancouver BC - Apartment/Condo for Sale - MLS# R3081499

$365,000
Est. Mortgage $1,615/mo
1 Beds
1 Baths
584 sqft
625 $ /sqft
404.92 $ Maint. fee
1990 built
OPEN HOUSE 21.1% price reduction, 25.7% cheaper than comparables
$365,000
$462,900
Est. $1,615/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

Photos

Property Details for 405 789 Drake Street

21.1% price reduction 25.7% cheaper than comparables

Downtown, centrally located closed to Howe Street/Drake Street next to Granville Bridge. Walk to the Beaches & ferry to Granville Island Market. Renovated kitchen & Bathroom, laminated flooring with large covered balcony. Walk to work in Downtown offices. Recreations & shopping close by. In-suite storage + parking rental at $70/m.

Open houses

06 Jun, 2026 (01:00 PM to 03:00 PM)

13 Jun, 2026 (01:00 PM to 03:00 PM)

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Refrigerator, Stove
Interior Features Elevator
Fireplace 0
Heating Type Baseboard
Laundry Common Area
# of Kitchens 1
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
Roof Concrete
Structures Multi Family, Residential Attached

Building Details

Price $365,000
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 584
Year Built 1990
Age Of Building 36
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Sauna/Steam Room, Caretaker, Trash
Ownership Type Freehold Strata
Maintenance Fee $404.92
Community Features Shopping Nearby
Amenities Nearby Sauna/Steam Room, Caretaker, Trash
Utility Type Community
Utility Sewer Public Sewer
Water (WaterSource) Public
Parking Type Garage Under Building, Front Access
Total Parking Spaces 0
Strata Restrictions Pets Not Allowed,Rentals Allwd w/Restrctns
Pet Restrictions No
Units In Development 122

Lot & Land

Lot Size Depth Feet
MLS® # R3081499
Area Vancouver West
Neighbourhood Downtown VW
City Vancouver
Postal Code V6Z 2N7
Gross Taxes $1,705.7
Zoning DD

Property Timeline

Status Date Price
R3081499 / Active 01-19-2026 $365,000
Rooms
Floor Type Dimensions
Main Level Living Room 11' x 11' ft
Main Level Kitchen 7' x 7' ft
Main Level Bedroom 12' x 12' ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Heller Murch Realty

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
0.65 km
Secondary
King George Secondary School
1.57 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
0.17 km
Secondary
Pattison High School
0.52 km

Closest Transit

Bus Stop
Northbound Granville St @ Drake St
0.09 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn
0.51 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
47%
No Certificate/Degree
Below Average
4.8%
Owner Occupied
Average
72.8%
Employment Rate
Below Average
24.4%

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 405 789 Drake Street

BC Assessment Value — 405 789 Drake Street

2026 assessed value, sourced from City of Vancouver open data (PID 016-259-564).
Total Assessed Value (2026)
$516,000
-5.7% YoY
-1.1%/yr over 4 yr
2022 Value Trend 2026
Land
$359,000
Buildings
$157,000
Year Built
1990
Class
Comprehensive Development
Zoning
DD
Property Tax
$1,736
Year Land Improvements Total Assessed YOY Change
2026 $359,000 $157,000 $516,000
-5.7%
2025 $381,000 $166,000 $547,000
-4.4%
2024 $398,000 $174,000 $572,000
+1.2%
2023 $393,000 $172,000 $565,000
+4.6%
2022 $339,000 $201,000 $540,000

Mortgage Calculator for 405 789 Drake Street

/month
Principal & Interest
Property Taxes $142
Maintenance fee 404.92
With a 20% down payment, buyers can expect an estimated $1,941/month in total housing costs on this $365,000 property — $1,394 mortgage payment, $142 property tax, $405 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 $1,460/month estimated rent and $1,983/month in total housing costs, this property has a -$523/month cashflow. Break-even down payment: approximately 51%.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Downtown VW, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $365,000
Vancouver Loading...
Downtown VW Loading...

Based on 83 comparable active apartments/condos in Downtown VW, the average asking price is $534,458. This listing is priced 31.7% below the neighbourhood average. This property is flagged as a Hot Deal (21.1% price reduction, 25.7% cheaper than comparables) 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

Earn Cashback on Your Purchase

Potential Cashback for this listing if you buy with us

$0
out of $3,124
0 of 17 missions

Sign up on Estateblock.com

$156 / 5%

Buy with us & save on this property

Similar Condos for Sale in Downtown VW

Recently Sold Homes Near 405 789 Drake Street