OPEN HOUSE 11.0% price reduction

2505 388 Drake St, Vancouver, BC

$1,290,000
Est. Mortgage /mo

MLS® R3016216

2 Beds
2 Baths
1202 sqft
1073 $ /sqft
961.16 $ Maint. fee
1995 Built
$1,290,000
$1,450,000
Est. /mo with 20% down
$1,073/sqft · Tax $4,192/2024
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

Property Details & Specs

11.0% price reduction

PANORAMIC WATERFRONT VIEWS at Governor's Tower! Experience unobstructed, breathtaking vistas of False Creek and David Lam Park through stunning floor-to-ceiling windows in this spacious 2 Bedroom + Den home. Thoughtfully designed with an open layout and abundant natural light, offering both comfort and functionality. Enjoy the tranquility of waterfront living right in the heart of vibrant Yaletown. Features include updated flooring and appliances (approx. 4 years old), generous in-suite storage, and a rare offering of 5 secured parking stalls — including triple tandem + side-by-side, ideal for collectors or multigenerational households. Comes with an oversized locker for even more convenience. Resort-style amenities include an indoor pool, fitness center, and 24-hour concierge. Steps from

Open houses

07 Mar, 2026 (02:00 PM to 04:00 PM)

General Info

Price $1,290,000
Total Bedrooms 2
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1202
Lot Size -
Lot Size Depth Feet
Lot Size Frontage 0
Basement None
Basement Features -

Property Metrics

Year Built 1995
Age Of Building 31
Building Type Apartment/Condo
Property Type Residential
Stories 1
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Amenities Exercise Centre, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Building Features -
Structures Multi Family, Residential Attached

Additional Details

MLS® # R3016216
Building Name -
Area Vancouver West
Neighbourhood Yaletown
City Vancouver
Postal Code V6B 6A8
Price per Sqft $1,073
Gross Taxes $4,192
Ownership Type Freehold Strata
Maintenance Fee $961.16
Community Features Shopping Nearby
Amenities Nearby Exercise Centre, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities

Heating & Cooling

Fireplace 0
Heating Type Baseboard

Utilities

Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public

Parking

Parking Type Garage Under Building, Front Access
Total Parking Spaces 5
Listed by: Nu Stream Realty Inc. & Nu Stream Realty Inc.

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 High 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 $349
Maintenance fee 0
With a 20% down payment, buyers can expect an estimated $6,237/month in total housing costs on this $1,290,000 property — $4,927 mortgage payment, $349 property tax, $961 maintenance fee.
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%
Based on $3,870/month estimated rent and $6,292/month in total housing costs, this property has a -$2,422/month cashflow. Break-even down payment: approximately 60%.
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 $1,290,000
Vancouver Loading...
Yaletown Loading...
Among 65 similar active listings in Yaletown, the average price is $1,131,423. At $1,290,000, this listing is priced 14% above the local average and 20.7% above the city-wide benchmark. This property is flagged as a Hot Deal (11.0% 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

Property FAQs

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Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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