203 388 Drake St, Vancouver BC - Apartment/Condo for Sale - MLS# R3119190

$1,198,000
Est. Mortgage $5,300/mo
Governor's Tower
3 Beds
2 Baths
1241 sqft
965 $ /sqft
1002.06 $ Maint. fee
1995 built
7.7% price reduction
$1,198,000
$1,298,000
Est. $5,300/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 203 388 Drake Street

7.7% price reduction

Governor’s Tower in Yaletown, this updated 3-bedroom home offers 1,241 sf of efficient interior and enjoys beautiful views of David Lam Park and False Creek. Thoughtfully redesigned featuring custom millwork, integrated living-room cabinetry, and full-height panelling in the primary suite. The open kitchen connects to the dining area with a generous breakfast bar, creating a natural gathering space oriented to the park and water. The primary suite features a walk-in closet and ensuite, while marble bathrooms and updated hardwood flooring add a refined feel. 1 parking and 1 storage locker are provided. Amenities include a concierge, an indoor pool, a hot tub, a sauna, and a gym. Ideally located in the heart of Yaletown, steps from the seawall and with numerous dining and shopping options.

Interior Features

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

Exterior Features

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

Building Details

Price $1,198,000
Total Bedrooms 3
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1241
Year Built 1995
Age Of Building 31
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Exercise Centre, Sauna/Steam Room, Concierge, Trash, Management, Recreation Facilities, Sewer, Water
Building Name Governor's Tower
Ownership Type Freehold Strata
Maintenance Fee $1,002.06
Community Features Shopping Nearby
Amenities Nearby Exercise Centre, Sauna/Steam Room, Concierge, Trash, Management, Recreation Facilities, Sewer, Water
Utility Type Community, Electricity Connected, Water Connected
Utility Sewer Sanitary Sewer
Water (WaterSource) Public
Parking Type Garage Under Building, Underground
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Cats OK, Dogs OK, Yes With Restrictions

Lot & Land

MLS® # R3119190
Area Vancouver West
Neighbourhood Yaletown
City Vancouver
Postal Code V6B 6A8
Gross Taxes $4,026.69
Zoning CD-1

Property Timeline

Status Date Price
R3119190 / Active 05-04-2026 $1,198,000
Rooms
Floor Type Dimensions
Main Level Foyer 4'5 x 4'5 ft
Main Level Kitchen 8'0 x 8'0 ft
Main Level Dining Room 11'2 x 11'2 ft
Main Level Storage 4'7 x 4'7 ft
Main Level Flex Room 6'1 x 6'1 ft
Main Level Living Room 12'3 x 12'3 ft
Main Level Primary Bedroom 12'8 x 12'8 ft
Main Level Bedroom 9'6 x 9'6 ft
Main Level Bedroom 10'11 x 10'11 ft
Main Level Walk-In Closet 6'3 x 6'3 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #4
Main Level No #4

Listed by: Engel & Volkers Vancouver

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
Average
0.21 km
6.8/10
Secondary
King George Secondary School
Average
2 km
6.2/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Claren Academy
Above Average
0.41 km
9/10
Elementary,Secondary
Eaton Arrowsmith School (Vancouver) Ltd
0.8 km

Closest Transit

Bus Stop
Westbound Pacific Blvd @ Drake St
0.02 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn
0.19 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

Sell Speed & Competition

42 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $915,032
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.19 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How YALETOWN compares
This property
66 DOM
Listed
Yaletown avg
Vancouver avg

203 388 Drake Street has a sell-speed score of 42/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 23.6% above comparable active properties in Yaletown. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V6B 6A8

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6B 6A8, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality B / Good

Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~3.7 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Vancouver currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.

Precipitation Increasing

Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 203 388 Drake Street

Pre-computed routes from 203 388 Drake St, Vancouver, BC

By transit (Skytrain)

  • Downtown Vancouver via Yaletown-Roundhouse → Waterfront
    9 min
  • Metrotown, Burnaby via Yaletown-Roundhouse → Metrotown
    27 min
  • SFU Burnaby via Yaletown-Roundhouse → Production Way
    34 min
  • Richmond Centre via Yaletown-Roundhouse → Brighouse
    26 min
  • YVR Airport via Yaletown-Roundhouse → YVR-Airport
    27 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    2 min
  • Metrotown, Burnaby via Lougheed Hwy
    12 min
  • SFU Burnaby via Gaglardi Way
    18 min
  • Richmond Centre via No. 3 Rd
    14 min
  • YVR Airport via Bridgeport / Sea Island
    12 min

Calculate your commute

203 388 Drake St, Vancouver, BC is ideally located for commuters. The property is 0.2 km from Yaletown-Roundhouse, with a 9 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Pacific Blvd @ Drake St (0.02 km). Walk Score Transit rating: Rider's Paradise (97/100).

Walkability & Transit Near 203 388 Drake Street

Walk Score Badge
Car-Dependent 98

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 97

Transit Score - Rider's Paradise

World-class public transportation
Bike Score Badge
Somewhat
Bikeable
86

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 203 388 Drake Street

2026 assessed value, sourced from City of Vancouver open data (PID 019-049-340).
Total Assessed Value (2026)
$1,098,000
-14.9% YoY
-2.6%/yr over 4 yr
2022 Value Trend 2026
Land
$683,000
Buildings
$415,000
Year Built
1995
Class
Comprehensive Development
Zoning
CD-1 (266)
Property Tax
$3,695
Year Land Improvements Total Assessed YOY Change
2026 $683,000 $415,000 $1,098,000
-14.9%
2025 $803,000 $488,000 $1,291,000
-0.8%
2024 $810,000 $492,000 $1,302,000
+10.1%
2023 $736,000 $447,000 $1,183,000
-2.9%
2022 $603,000 $615,000 $1,218,000

Mortgage Calculator for 203 388 Drake Street

/month
Principal & Interest
Property Taxes $336
Maintenance fee 1002.06
Based on a 30-year fixed at 4% interest with 20% down ($239,600), the estimated monthly payment for this listing is $5,914/month — $4,576 principal & interest, $336 property tax, $1,002 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%
Cap Rate
Cash on Cash
At an estimated rental income of $3,414/month, this property runs a $2,551/month shortfall after mortgage and carrying costs. Break-even requires approximately 65% down.
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 $1,198,000
Vancouver Loading...
Yaletown Loading...

Based on 14 comparable active apartments/condos in Yaletown, the average asking price is $1,194,750. This listing is priced 0.3% above the neighbourhood average. This property is flagged as a Hot Deal (7.7% 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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Walkability & Transit Near 203 388 Drake Street

Walk Score Badge
Car-Dependent 98

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 97

Transit Score - Rider's Paradise

World-class public transportation
Bike Score Badge
Somewhat
Bikeable
86

Bike Score - Very Bikeable

Biking is convenient for most trips

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