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YALETOWN LIVING AT ITS FINEST! Welcome to this bright and beautifully maintained residence located in the heart of one of Vancouver West’s most desirable communities. Featuring brand new flooring and fresh paint throughout, this turn-key home offers an exceptional urban lifestyle with an efficient, functional layout designed to maximize space and natural light. Steps away from the iconic seawall, world-class dining, boutique shopping, and the Yaletown-Roundhouse Skytrain station, convenience is truly at your doorstep. Perfect for urban professionals, first-time buyers, or savvy investors looking for a prime property in a highly sought-after concrete building. Move right in and enjoy! Open House : SAT.(6/13) & SUN(6/14) 2-4PM
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Interior Features | Elevator |
| Heating Type | Baseboard, Radiant |
| Laundry | In Unit |
| # of Kitchens | 1 |
| Flooring | Laminate, Tile |
| Foundation | Block |
| Exterior Features | No Outdoor Area |
|---|---|
| View Description | HEART OF YALETOWN |
| Roof | Other |
| Structures | Multi Family, Residential Attached |
| Price | $869,000 |
|---|---|
| Total Bedrooms | 2 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 832 |
| Year Built | 1994 |
| Age Of Building | 32 |
| Building Type | Apartment/Condo |
| Property Type | Residential |
| Stories | 1 |
| Building Amenities | Bike Room, Recreation Facilities, Concierge, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management |
| Building Name | The Governor's Tower |
| Ownership Type | Freehold Strata |
| Maintenance Fee | $662.78 |
| Community Features | Shopping Nearby |
| Amenities Nearby | Bike Room, Recreation Facilities, Concierge, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management |
| Utility Type | Electricity Connected, Water Connected |
| Utility Sewer | Community, Sanitary Sewer |
| Water (WaterSource) | Public |
| Parking Type | Garage Under Building, Guest, Side Access |
| Total Parking Spaces | 1 |
| Strata Restrictions | Pets Allowed w/Rest.,Rentals Allwd w/Restrctns |
| Pet Restrictions | Yes With Restrictions |
| MLS® # | R3134359 |
|---|---|
| Area | Vancouver West |
| Neighbourhood | Yaletown |
| City | Vancouver |
| Postal Code | V6B 6A8 |
| Gross Taxes | $2,729.16 |
| Zoning | CD-1 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Kitchen | 8'1 x 8'1 ft |
| Main Level | Dining Room | 15'4 x 15'4 ft |
| Main Level | Living Room | 15'4 x 15'4 ft |
| Main Level | Bedroom | 12'7 x 12'7 ft |
| Main Level | Bedroom | 12'4 x 12'4 ft |
| Main Level | Foyer | 4'2 x 4'2 ft |
| Main Level | Storage | 6'4 x 6'4 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | Yes | #3 |
| Main Level | No | #4 |
Listed by: RE/MAX Crest Realty
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
507 388 Drake Street has a sell-speed score of 34/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 26.4% 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
507 388 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 | $525,000 | $301,000 | $826,000 |
-5.6%
|
| 2025 | $556,000 | $319,000 | $875,000 |
-2.1%
|
| 2024 | $568,000 | $326,000 | $894,000 |
+6.7%
|
| 2023 | $533,000 | $305,000 | $838,000 |
-2.4%
|
| 2022 | $512,000 | $347,000 | $859,000 | — |
Based on 49 comparable active apartments/condos in Yaletown, the average asking price is $901,273. This listing is priced 3.6% below the neighbourhood average.
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