Home Vancouver, BC Yaletown 506 388 Drake Street

392 Days on the market

8.0% price reduction

506 388 Drake St, Vancouver, BC

Q: 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.

Q: 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.

$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

$1,102/sqft · Tax $3,168/2024

Dan Marusin

Renanza Realty

778-918-5990

Award-Winning REALTOR^® with 11+ Years of Experience Serving Greater Vancouver

Go See This Home Now

Front exterior 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

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 Finished

Basement Features -

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

Building Features -

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 $1,102

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

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

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 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

Down Payment Percent

Home Price

Down Payment

Interest Rate

Loan Type

/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.

All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Listing data last synced: Apr 23, 2026

Estimated Cashflow Calculator

Down Payment Percent

Property Tax (Monthly)

Basic Insurance Cost

Maintenance Fee

Rental Income

Down Payment

/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.

Property FAQs

What are the closest top-rated schools to 506 388 Drake Street, Vancouver, BC?

Is 506 388 Drake Street, Vancouver, BC in a flood zone?

What is the estimated monthly mortgage and strata fee for 506 388 Drake Street, Vancouver, BC?

Dan Marusin

Renanza Realty

778-918-5990

Award-Winning REALTOR^® with 11+ Years of Experience Serving Greater Vancouver

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More Listings in This Building

$1,290,000

2505 388 Drake Street, Vancouver, BC

2 Beds

2 Baths

1202 sqft

1995 Built

MLS^® R3016216 , Nu Stream Realty Inc. & Nu Stream Realty Inc.

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