2505 388 Drake St, Vancouver BC - Apartment/Condo for Sale - MLS# R3134834

$1,290,000
Est. Mortgage $5,707/mo
2 Beds
2 Baths
1202 sqft
1073 $ /sqft
961.16 $ Maint. fee
1995 built
OPEN HOUSE
$1,290,000
Est. $5,707/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

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Property Details for 2505 388 Drake Street

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 , 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.

Open houses

12 Jul, 2026 (01:00 PM to 03:00 PM)

Interior Features

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

Exterior Features

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

Building Details

Price $1,290,000
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1202
Year Built 1995
Age Of Building 31
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Exercise Centre, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Ownership Type Freehold Strata
Maintenance Fee $961.16
Community Features Shopping Nearby
Amenities Nearby Exercise Centre, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public
Parking Type Garage Under Building, Front Access
Total Parking Spaces 5
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Yes With Restrictions
Rental Suites None
Units In Development 237

Lot & Land

Lot Size Depth Feet
Lot Size Frontage 0
MLS® # R3134834
Area Vancouver West
Neighbourhood Yaletown
City Vancouver
Postal Code V6B 6A8
Gross Taxes $4,301.07
Zoning CD-1

Property Timeline

Status Date Price
R3134834 / Active 06-08-2026 $1,290,000
R3016216 / Terminated 06-16-2025 $1,290,000
Rooms
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
Main Level Den 14'9 x 14'9 ft
Main Level Storage 8'2 x 8'2 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #4
Main Level No #3

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.

Map & Neighbourhood

Public Schools

Elementary
Elsie Roy Elementary School
0.21 km
Secondary
King George Secondary School
2 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
0.58 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

Sell Speed & Competition

32 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $788,964
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.18 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
31 DOM
Listed
Yaletown avg
Vancouver avg

2505 388 Drake Street has a sell-speed score of 32/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 38.8% 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 2505 388 Drake Street

Pre-computed routes from 2505 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

2505 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 (0.03 km). Walk Score Transit rating: Rider's Paradise (97/100).

Walkability & Transit Near 2505 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 — 2505 388 Drake Street

2026 assessed value, sourced from City of Vancouver open data (PID 019-050-402).
Total Assessed Value (2026)
$1,313,000
-4.8% YoY
-2.2%/yr over 4 yr
2022 Value Trend 2026
Land
$902,000
Buildings
$411,000
Year Built
1995
Class
Comprehensive Development
Zoning
CD-1 (266)
Property Tax
$4,418
Year Land Improvements Total Assessed YOY Change
2026 $902,000 $411,000 $1,313,000
-4.8%
2025 $947,000 $432,000 $1,379,000
-2.3%
2024 $970,000 $442,000 $1,412,000
+2.7%
2023 $944,000 $431,000 $1,375,000
-4.1%
2022 $958,000 $476,000 $1,434,000

Mortgage Calculator for 2505 388 Drake Street

/month
Principal & Interest
Property Taxes $358
Maintenance fee 961.16
Financing 80% of the $1,290,000 asking price over 30 years at 4% results in approximately $6,246/month in total estimated carrying costs, $358 property tax, $961 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
This listing generates an estimated $3,677/month in rental income, leaving a -$2,625/month cashflow at current carrying costs. Investors targeting break-even would need roughly 63% 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 $1,290,000
Vancouver Loading...
Yaletown Loading...

Based on 70 comparable active apartments/condos in Yaletown, the average asking price is $1,196,558. This listing is priced 7.8% above the neighbourhood average.

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 2505 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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