$1,249,000
By car (off-peak)
Sold
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!
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | Finished |
| Interior Features | Elevator |
| Heating Type | Baseboard, Hot Water |
| Laundry | In Unit |
| # of Kitchens | 1 |
| Foundation | Concrete Perimeter |
| Exterior Features | Playground, No Outdoor Area, Private Yard |
|---|---|
| View Description | City, Park, Water |
| Roof | Other |
| Structures | Multi Family, Residential Attached |
| Price | $1,149,000 |
|---|---|
| Total Bedrooms | 2 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 1043 |
| 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 |
| 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 |
| Utility Type | Community, Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Underground, Side Access |
| Total Parking Spaces | 1 |
| Strata Restrictions | Pets Allowed w/Rest.,Rentals Allwd w/Restrctns |
| Pet Restrictions | Yes With Restrictions |
| Lot Size Depth | Feet |
|---|---|
| MLS® # | R2983282 |
| Area | Vancouver West |
| Neighbourhood | Yaletown |
| City | Vancouver |
| Postal Code | V6B 6A8 |
| Gross Taxes | $3,167.87 |
| Zoning | CD-1 |
| 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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
506 388 Drake Street has a sell-speed score of 38/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 31.3% above comparable active properties in Yaletown. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.
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).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
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.
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.
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.
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.
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.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Calculate your commute
506 388 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).
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $626,000 | $377,000 | $1,003,000 |
-4.2%
|
| 2025 | $654,000 | $393,000 | $1,047,000 |
-1.9%
|
| 2024 | $666,000 | $401,000 | $1,067,000 |
+5.7%
|
| 2023 | $630,000 | $379,000 | $1,009,000 |
-3.1%
|
| 2022 | $583,000 | $458,000 | $1,041,000 | — |
Based on 70 comparable active apartments/condos in Yaletown, the average asking price is $1,196,558. This listing is priced 4% below the neighbourhood average. This property is flagged as a Hot Deal (8.0% price reduction) based on its competitive pricing and market demand.
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