407 950 Drake St, Vancouver BC - Apartment/Condo for Sale - MLS# R3119293

$399,000
Est. Mortgage $1,765/mo
Anchor Point 11
1 Beds
1 Baths
551 sqft
724 $ /sqft
472.44 $ Maint. fee
1977 built
OPEN HOUSE 13.1% price reduction
$399,000
$459,000
Est. $1,765/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 407 950 Drake Street

13.1% price reduction

Welcome to Anchor Point, a bright, well-laid-out 1-bed, 1-bath in the heart of downtown Vancouver. Natural light fills the space, and a private balcony gives you a little outdoor breathing room. Step outside and everything is right there: cafes, restaurants, shops, and the seawall just a short stroll away. The building delivers with a rooftop patio, garden plots, outdoor seating, and an indoor lounge/party room. Parking available to rent. A solid opportunity for first-time buyers and investors alike. Book your showing today!

Open houses

07 Jun, 2026 (11:00 PM to 12:30 PM)

Interior Features

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

Exterior Features

Exterior Features Garden, Balcony
View Description City
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $399,000
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 551
Year Built 1977
Age Of Building 49
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Trash, Maintenance Grounds, Hot Water, Management
Building Name Anchor Point 11
Ownership Type Freehold Strata
Maintenance Fee $472.44
Community Features Shopping Nearby
Amenities Nearby Trash, Maintenance Grounds, Hot Water, Management
Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Underground
Total Parking Spaces 0
Strata Restrictions Pets Not Allowed,Rentals Allowed
Pet Restrictions No
Rental Suites None
Units In Development 141

Lot & Land

MLS® # R3119293
Area Vancouver West
Neighbourhood Downtown VW
City Vancouver
Postal Code V6Z 2B9
Gross Taxes $1,465.58
Zoning DD

Property Timeline

Status Date Price
R3119293 / Active 05-04-2026 $399,000
Rooms
Floor Type Dimensions
Main Level Kitchen 7'10 x 7'10 ft
Main Level Living Room 21'9 x 21'9 ft
Main Level Primary Bedroom 12'2 x 12'2 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Oakwyn Realty Ltd.

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
0.85 km
Secondary
King George Secondary School
1.42 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
0.08 km
Secondary
Pattison High School
0.53 km

Closest Transit

Bus Stop
Southbound Burrard St @ Harwood St
0.05 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn
0.71 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 407 950 Drake Street

BC Assessment Value — 407 950 Drake Street

2026 assessed value, sourced from City of Vancouver open data (PID 006-295-568).
Total Assessed Value (2026)
$460,400
-2.0% YoY
-2.4%/yr over 4 yr
2022 Value Trend 2026
Land
$386,000
Buildings
$74,400
Year Built
1982
Class
Comprehensive Development
Zoning
DD
Property Tax
$1,549
Year Land Improvements Total Assessed YOY Change
2026 $386,000 $74,400 $460,400
-2.0%
2025 $394,000 $76,000 $470,000
-3.9%
2024 $410,000 $79,000 $489,000
-5.3%
2023 $433,000 $83,500 $516,500
+1.8%
2022 $409,000 $98,300 $507,300

Mortgage Calculator for 407 950 Drake Street

/month
Principal & Interest
Property Taxes $122
Maintenance fee 472.44
Financing 80% of the $399,000 asking price over 30 years at 4% results in approximately $2,118/month in total estimated carrying costs, $122 property tax, $472 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 $1,596/month in rental income, leaving a -$568/month cashflow at current carrying costs. Investors targeting break-even would need roughly 50% down.
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 $399,000
Vancouver Loading...
Downtown VW Loading...

Based on 3 comparable active apartments/condos in Downtown VW, the average asking price is $411,500. This listing is priced 3% below the neighbourhood average. This property is flagged as a Hot Deal (13.1% 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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