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Back to Search Home Vancouver, BC Yaletown 506 388 Drake Street
412 DAYS ON THE MARKET
8.0% price reduction

506 388 Drake St, Vancouver, BC

$1,149,000
Est. Mortgage /mo

MLS# R2983282

2 Beds
2 Baths
1043 sqft
1102 $ /sqft
829.39 $ Maint. fee
1994 built
$1,149,000
$1,249,000
Est. /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
Exterior Front Photo of 506 388 Drake Street, Vancouver, BC
Exterior Rear Photo of 506 388 Drake Street, Vancouver, BC
Living Room Photo of 506 388 Drake Street, Vancouver, BC
Family Room Photo of 506 388 Drake Street, Vancouver, BC
Dining Area Photo of 506 388 Drake Street, Vancouver, BC
Kitchen Photo of 506 388 Drake Street, Vancouver, BC
Kitchen Island Photo of 506 388 Drake Street, Vancouver, BC
Pantry Photo of 506 388 Drake Street, Vancouver, BC
Breakfast Nook Photo of 506 388 Drake Street, Vancouver, BC
Primary Bedroom Photo of 506 388 Drake Street, Vancouver, BC
Primary Bathroom Photo of 506 388 Drake Street, Vancouver, BC
Walk-In Closet Photo of 506 388 Drake Street, Vancouver, BC
Bedroom 2 Photo of 506 388 Drake Street, Vancouver, BC
Bedroom 3 Photo of 506 388 Drake Street, Vancouver, BC

Property Details & Specs

8.0% price reduction

Experience the best of Yaletown living in this spacious 1,043 sq. ft. 2 bed + 2 bath + den home, perfectly located across from David Lam Park and steps from top restaurants, and vibrant community spaces. This residence features luxurious finishes, including marble tiles in the primary ensuite and premium fixtures from Kohler and Grohe. The sleek kitchen boasts Miele appliances and a built-in coffee maker. Tastefully updated over the years, this home offers an opportunity to add final personal touches to select cabinetry, closets, and lighting. The building offers top-tier amenities, including a large indoor pool, hot tub, sauna, and a well equipped fitness center. A rare chance to own in one of Vancouver’s most sought-after neighborhoods!

General Info

Price $1,149,000
Total Bedrooms 2
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1043
Lot Size -
Lot Size Depth Feet
Lot Size Frontage -
Basement 0
Basement Features Finished

Property Metrics

Year Built 1994
Age Of Building 32
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Exercise Centre, Sauna/Steam Room, Concierge, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Sewer, Water
Structures Multi Family, Residential Attached

Additional Details

MLS® # R2983282
Building Name -
Area Vancouver West
Neighbourhood Yaletown
City Vancouver
Postal Code V6B 6A8
Price per Sqft -
Gross Taxes $3,167.87
Ownership Type Freehold Strata
Maintenance Fee $829.39
Community Features Shopping Nearby
Amenities Nearby Exercise Centre, Sauna/Steam Room, Concierge, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Sewer, Water
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Baseboard, Hot Water

Utilities

Utility Type Community, Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Underground, Side Access
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Yes With Restrictions
Rental Restrictions -
Zoning CD-1
Rental Suites -
Laundry In Unit
# of Kitchens 1
Foundation Concrete Perimeter
Interior Features Elevator
Locker 1
View 1
View Description City, Park, Water
Units In Development -
Exterior Features Playground, No Outdoor Area, Private Yard
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Other

Property Timeline

Status Date Price
R2983282 / Active 03-27-2025 $1,149,000
Rooms
Floor Type Dimensions
Main Level Primary Bedroom 11'10 x 11'10 ft
Main Level Bedroom 10'0 x 10'0 ft
Main Level Den 5'2 x 5'2 ft
Main Level Dining Room 10'7 x 10'7 ft
Main Level Kitchen 7'7 x 7'7 ft
Main Level Living Room 12'4 x 12'4 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #3
Main Level No #4
Listed by: Oakwyn Realty Ltd. & 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.

Neighborhood & Transit Info

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

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $264
Maintenance fee 0
A 20% down payment of $229,800 on this $1,149,000 listing yields an estimated mortgage of $4,388/month (30-year fixed, 4%). Total estimated housing cost: $5,481/month, $264 property tax, $829 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:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
With $3,447/month in estimated rental income against $5,530/month in mortgage payments, the monthly cashflow is -$2,083/month. A 58% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds
Home Types
Square Feet
Lot Size
Year Built
This Home $1,149,000
Vancouver Loading...
Yaletown Loading...
This $1,149,000 listing sits 1.6% above the Yaletown average of $1,131,423 for similar 2-bedroom Apartment/Condos (56 active comparables). This property is flagged as a Hot Deal (8.0% 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 Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
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

Property FAQs

What are the closest top-rated schools to 506 388 Drake Street, Vancouver, BC?
The closest top-rated schools are King George Secondary School and Elsie Roy Elementary School.
Is 506 388 Drake Street, Vancouver, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 506 388 Drake Street, Vancouver, BC?
With a standard down payment, the estimated monthly mortgage is approximately $6,894.
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Exterior Front Photo of 506 388 Drake Street, Vancouver, BC
Exterior Rear Photo of 506 388 Drake Street, Vancouver, BC
Living Room Photo of 506 388 Drake Street, Vancouver, BC
Family Room Photo of 506 388 Drake Street, Vancouver, BC
Dining Area Photo of 506 388 Drake Street, Vancouver, BC
Kitchen Photo of 506 388 Drake Street, Vancouver, BC
Kitchen Island Photo of 506 388 Drake Street, Vancouver, BC
Pantry Photo of 506 388 Drake Street, Vancouver, BC
Breakfast Nook Photo of 506 388 Drake Street, Vancouver, BC
Primary Bedroom Photo of 506 388 Drake Street, Vancouver, BC
Primary Bathroom Photo of 506 388 Drake Street, Vancouver, BC
Walk-In Closet Photo of 506 388 Drake Street, Vancouver, BC
Bedroom 2 Photo of 506 388 Drake Street, Vancouver, BC
Bedroom 3 Photo of 506 388 Drake Street, Vancouver, BC
Schools
Check with the applicable school district prior to making a decision based on these schools.
Commute
Commute times are based on typical rush hour traffic.
Your commute destinations:
Shop & Eat Amenity information provided by
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Dan Marusin
Exterior Front Photo of 506 388 Drake Street, Vancouver, BC

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990

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