707 950 Drake St, Vancouver, BC

$509,900
Est. Mortgage /mo

MLS® R3063420

1 Beds
1 Baths
542 sqft
941 $ /sqft
460.78 $ Maint. fee
1977 Built
$509,900
Est. /mo with 20% down
$941/sqft · Tax $1,525/2025
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

Anchor Point II – Bright 7th-floor suite in the heart of downtown Vancouver! Steps to the Beach, Seawall, restaurants, shopping, and transit. This well-maintained home features an open layout with updated vinyl flooring, built-in cabinetry, and a private balcony for enjoying city views. Includes one storage locker and parking available for rent. The building is professionally managed and known for its excellent location and solid reputation. Will be available by mid-November. Great opportunity for investors or first-time buyers with the potential future wind-up value of this sought-after building.

General Info

Price $509,900
Total Bedrooms 1
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 542
Lot Size -
Lot Size Depth Feet
Lot Size Frontage -
Basement Finished
Basement Features -

Property Metrics

Year Built 1977
Age Of Building 48
Building Type Apartment/Condo
Property Type Residential
Stories 5
Building Amenities Exercise Centre, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Sewer, Snow Removal, Water
Building Features -
Structures Multi Family, Residential Attached

Additional Details

MLS® # R3063420
Building Name -
Area Vancouver West
Neighbourhood Downtown VW
City Vancouver
Postal Code V6Z 2B9
Price per Sqft $941
Gross Taxes $1,525.15
Ownership Type Freehold Strata
Maintenance Fee $460.78
Amenities Nearby Exercise Centre, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Sewer, Snow Removal, Water

Heating & Cooling

Fireplace -
Heating Type Baseboard, Electric

Utilities

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

Parking

Parking Type Garage Under Building, Side Access
Total Parking Spaces 0
Listed by: Royal Pacific Lions Gate 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
1.43 km
Elementary
Elsie Roy Elementary School
Average
0.83 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
0.07 km
Secondary
Pattison High School
0.54 km

Closest Transit

Bus Stop
Southbound Burrard St @ Harwood St
0.06 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn
0.70 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Above Average

Demographics

Post-Secondary Education
Above Average
47%
No Certificate/Degree
Below Average
4.8%
Owner Occupied
Average
72.8%
Employment Rate
Below Average
24.4%

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 $127
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($101,980), the estimated monthly payment for this listing is $2,535/month — $1,947 principal & interest, $127 property tax, $461 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%
At an estimated rental income of $1,937/month, this property runs a $648/month shortfall after mortgage and carrying costs. Break-even requires approximately 47% down.
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 $509,900
Vancouver Loading...
Downtown VW Loading...
Based on 3 comparable active Apartment/Condos in Downtown VW, the average asking price is $436,500. This listing is priced 16.8% 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

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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