Welcome to Governor's Tower, one of Yaletown's premier waterfront residences. This rare podium penthouse sits atop the 5-storey podium with no unit above and minimal shared walls, offering exceptional privacy and natural light from three exposures. East-facing primary bedroom enjoys morning sun. South-facing living room overlooks David Lam Park and False Creek. West-facing kitchen and covered balcony frame sunset views over the water. Floor-to-ceiling windows throughout. 2 bedrooms, 2 full bathrooms, 1,056 sq ft. Building fully rain-screened (2010) and re-piped (2018). Amenities include 24hr concierge, indoor pool, hot tub, sauna and gym. One underground parking stall and storage locker included. Steps to the seawall, David Lam Park, Canada Line and Yaletown's best dining and shopping.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Interior Features | Elevator, Storage |
| Heating Type | Baseboard, Hot Water |
| Laundry | In Unit |
| # of Kitchens | 1 |
| Foundation | Concrete Perimeter |
| Exterior Features | Garden, Playground, Balcony |
|---|---|
| View Description | David Lam Park, False Creek |
| Roof | Other |
| Structures | Multi Family, Residential Attached |
| Price | $1,048,000 |
|---|---|
| Total Bedrooms | 2 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 1056 |
| Year Built | 1995 |
| Age Of Building | 31 |
| Building Type | Apartment/Condo |
| Property Type | Residential |
| Stories | 1 |
| Building Amenities | Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities |
| Building Name | Governor's Tower |
| Ownership Type | Freehold Strata |
| Maintenance Fee | $860.03 |
| Amenities Nearby | Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities |
| Utility Type | Electricity Connected, Natural Gas Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Underground, Guest, Front Access |
| Total Parking Spaces | 1 |
| Strata Restrictions | Pets Allowed w/Rest.,Rentals Allwd w/Restrctns |
| Pet Restrictions | Yes With Restrictions |
| Units In Development | 237 |
| MLS® # | R3108977 |
|---|---|
| Area | Vancouver West |
| Neighbourhood | Yaletown |
| City | Vancouver |
| Postal Code | V6B 6A8 |
| Gross Taxes | $3,948.58 |
| Zoning | CD-1 |
| Status | Date | Price |
|---|---|---|
| R3108977 / Active | 04-08-2026 | $1,048,000 |
| 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 |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | Yes | #4 |
| Main Level | No | #4 |
Listed by: Royal Pacific Lions Gate 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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
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| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
| Schools Near 505 388 Drake Street | |||||
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $789,000 | $360,000 | $1,149,000 |
-9.2%
|
| 2025 | $869,000 | $397,000 | $1,266,000 |
-2.0%
|
| 2024 | $887,000 | $405,000 | $1,292,000 |
+3.0%
|
| 2023 | $861,000 | $393,000 | $1,254,000 |
-1.6%
|
| 2022 | $791,000 | $484,000 | $1,275,000 | — |
Based on 72 comparable active apartments/condos in Yaletown, the average asking price is $1,188,121. This listing is priced 11.8% below the neighbourhood average.
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