For Sale
132 days
- $1,021,000
- 2 bed
- 2 bath
- 996 sqft
- Built in 2000
MLS® R3097477
•Century 21 In Town Realty
39
See all 39 Photos
505 388 DRAKE STREET
Address505 388 DRAKE STREET, Vancouver BC V6B 6A8
Beds2
Baths2
Sq Ft1,056
TypeApartment/Condo
StructureMulti Family, Residential Attached
Year Built1995
Size1,056 sqft
Parking1 parking spot
Stories32
Taxes$3,948.58 /yr (2025)
Strata$860.03/mo
PetsYes With Restrictions
StatusFor Sale
MLS®#R3136796
Walk Score98
Added
Updated
Listed ByRoyal Pacific Lions Gate Realty Ltd.
Property Description505 388 DRAKE STREET, Vancouver, BC
Welcome to Governor's Tower, one of Yaletown's premier waterfront residences. This rare podium penthouse sits atop the 5-storey podium with no unit above and minimal shared walls, offering exceptional privacy and natural light from three exposures. East-facing primary bedroom enjoys morning sun. South-facing living room overlooks David Lam Park and False Creek. West-facing kitchen and covered balcony frame sunset views over the water. Floor-to-ceiling windows throughout. 2 bedrooms, 2 full bathrooms, 1,056 sq ft. Building fully rain-screened (2010) and re-piped (2018). Amenities include 24hr concierge, indoor pool, hot tub, sauna and gym. One underground parking stall and storage locker included. Steps to the seawall, David Lam Park, Canada Line and Yaletown's best dining and shopping.
This Apartment/Condo home located at 388 Drake Street, Vancouver is currently for sale and has been available on Strawhomes.com for 2 days. This property is listed at $1,028,000 with an estimated mortgage of $4,808* per month. It has 2 beds, 2 bathrooms, and is 1,056 square feet. The property was built in 1995. 505 388 Drake Street, Vancouver BC V6B 6A8 is in the Yaletown Condos neighbourhood Vancouver. False Creek, Fairview VW and Downtown VW are nearby neighborhoods.
Facts & FeaturesProperty facts for 505 388 DRAKE STREET, Vancouver
Property
- Area Minor
- Yaletown
- Postal Code
- V6B 6A8
- Property Sub Type
- Apartment/Condo
- Year Built
- 1,995
- Size (Interior)
- 1,056 sqft
- Building Area Total
- 1,056 sqft
- Area Major
- Vancouver West
- Property Type
- Residential
- Status
- Active
- Last Modified
- 2026-06-16
Inside
- Bathrooms
- 2
- Main Level Bathrooms
- Laundry Features
- In Unit
- Rooms
- Above Grade Finished Area
- Below Grade Finished Area
- Bedrooms
- 2
- Interior Features
- Elevator, Storage
Building
- Roof
- Other
- Floor Area Below Grade
- Stories
- 32
- Heating
- Baseboard, Hot Water
- Foundation
- Concrete Perimeter
- Structure
- Multi Family, Residential Attached
- View
- Yes
- View Description
- David Lam Park, False Creek
- Common Walls
- Corner Unit
- Spa Features
- Swirlpool/Hot Tub
- Construction
- Concrete, Concrete (Exterior), Glass (Exterior)
- Exterior Features
- Garden, Playground, Balcony
Parking
- Parking Space (A)
- 1
- Parking Features
- Underground, Guest, Front Access
- Garage
- Yes
Fees
- Taxes
- $3,948.58
- Tax Year
- 2,025
- Maintenance Fee
- $860.03/month
- Common Elements Included
- Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Utilities
- Utilities
- Electricity Connected, Natural Gas Connected
- Sewer
- Public Sewer, Sanitary Sewer, Storm Sewer
- Water Source
- Public
Highlights
- Building Amenities
- Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Listing Details
- MLS® Number
- R3136796
- Ownership
- Freehold Strata
- Age
- 31 years
- Main Floor Finished Area
- 1,056 sqft
- Listing Source
- GVR – FVREB – CADREB – BCNREB – Resi
- Pets Allowed
- Yes With Restrictions
Additional Property Details
- Above Grade Finished Area
- Below Grade Finished Area
- Basement Finished Area
- Main Floor Finished Area
- Main Level Bathrooms
- Age of Building
- Legal Description
- Distance to Transit
- Rentals Allowed
- Management Company
- Restrictions
- Age Restriction
- Fireplace Features
- Patio & Porch
- Fencing
- Covered Parking Places
Rooms
Sign in to view room details
Sold HistoryListing records and last sold date for 505 388 DRAKE STREET, Vancouver
Selling
| MLS® # | Date | Event | Price |
|---|---|---|---|
| XXXXXXXXXX | Xxx XX, XXXX | Listed | — |
| XXXXXXXXXX | Xxx XX, XXXX | Xxxxxx | $X,XXX,XXX |
| Xxx XX, XXXX | Xxxxxx | $X,XXX,XXX | |
| XXXXXXXXXX | Xxx XX, XXXX | Xxxxxxx | $X,XXX,XXX |
| Xxx XX, XXXX | Xxxxxx | $X,XXX,XXX |
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Tax history for 388 Drake St - BC Assessment
| Year | Land + Improvements | Assessment |
|---|---|---|
| 2026 | $789,000 + $360,000 | $1,149,000 |
Location
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NeighbourhoodNearby Amenities, Schools, Commute and Travel Times near - 505-388 Drake Street, Vancouver
| Area | Avg. Price | Updated |
|---|---|---|
| This Home | $1,028,000 | Jun 15, 2026 |
| Vancouver | $1,974,358 | Jul 7, 2026 |
| Yaletown | $1,349,674 | Jul 7, 2026 |
Amenities
Grocery Stores
- Choices Markets0.24 km
- Urban Fare0.29 km
- Granville Food Market0.51 km
Malls
- Library Square Tower Shops & Food0.95 km
- CF Pacific Centre1.20 km
- International Village Mall1.49 km
Pharmacy
- Pharmasave Yaletown0.12 km
Liquor
- BC Liquor Stores0.35 km
Libraries
- Little Free Library | Granville Island0.75 km
- Courthouse Libraries BC0.81 km
Entertainment & Sports
Movie Theaters
- Vancity Theatre0.38 km
- The Cinematheque0.56 km
Restaurants
- Alchemy Bar and Kitchen0.08 km
- The Flying Pig Yaletown0.24 km
- Brix & Mortar0.29 km
Nightlife
- Soho Bar & Billiards0.07 km
- Alchemy Bar and Kitchen0.08 km
- Bar None Nightclub0.15 km
Arenas
- BC Place Stadium0.87 km
- Pacific Coliseum at the PNE1.16 km
Health and Fitness
Fitness
- Lagree West — Yaletown0.05 km
- Kommunity Fitness0.07 km
Golf
- Par-Tee Putt0.75 km
- Golf Mexico Tee Times0.85 km
- The Rec Room Granville0.86 km
Hospitals
- St. Paul's Hospital0.76 km
- Vancouver General Hospital1.45 km
Parks
Parks Nearby
- David Lam Park0.12 km
- Roundhouse Turntable Plaza0.21 km
- Emery Barnes Park0.32 km
Trails Nearby
- Merilees Trail4.43 km
- Admiralty trail head6.28 km
- Sasamat Trail6.29 km
Public Recreation Center
- Roundhouse Community Arts & Recreation Centre0.20 km
- False Creek Community Centre0.78 km
- YMCA of Greater Vancouver0.94 km
Museum
- Contemporary Art Gallery0.58 km
- BC Sports Hall of Fame & Museum0.97 km
University & College
- Emily Carr University of Art + Design0.97 km
- UBC Robson Square1.00 km
- Simon Fraser University Harbour Centre Campus Vancouver1.55 km
Preschools
- Swamp Willow Preschool0.84 km
Downtown
- Downtown Vancouver1.07 km
Skytrain Station
- Yaletown–Roundhouse Station Skytrain0.35 km
Bus Stations
- WB Pacific Blvd at Davie St0.06 km
- Eastbound Pacific St @ Richards St0.06 km
- Eastbound Pacific Blvd @ Homer St0.06 km
- Eastbound Pacific Blvd @ Drake St0.06 km
- Yaletown-Roundhouse Station @ Bay 10.10 km
Airports
- Vancouver International Airport (YVR)9.50 km
Seabus
- Waterfront Stn Seabus Northbound1.75 km
BC Ferries
- BC Ferries Horseshoe Bay15.48 km
West Coast Express
- Waterfront Station West Coast Express1.66 km
Elementary
- Elsie Roy0.21 km
- Crosstown1.40 km
- Blessed Sacrament1.74 km
Secondary
- Pattison High School0.80 km
- Westside Preparatory0.91 km
- Lowell High School0.93 km
About: 505 388 DRAKE STREET, Vancouver
With 4,648 apartments/condos in Vancouver, finding your perfect home will be easy.
This freehold apartment/condo was built in 1995 and is currently listed at $973 per square foot. Monthly strata fees for this unit are $860.03. The property offers 1 parking space, a garage, scenic views. Annual property taxes were assessed at $3,949 in 2025.
505 388 DRAKE STREET is in the city of Vancouver, British Columbia and found in the community of Yaletown in Vancouver.
Nearby neighbourhoods include False Creek, Downtown VW and Downtown VE. Drake has 16 homes currently on the market, while the district of Yaletown has 234 postings on the market. That's just 5.0% of the 4,648 total listings for sale in the city of Vancouver. In Yaletown, the average asking price for a apartment/condo is $1,350,165, which translates to a monthly mortgage payment of around $6,314.* This is 0.7 times the average price of $1,975,119 for a similar apartment/condo in the city of Vancouver.
The average Yaletown listed apartments/condo is 1,042 sq ft, has 2 beds, and 2 baths.
In the area surrounding 505 388 DRAKE STREET, apartments/condos outnumber detached houses on the market.
Monthly payments are an estimate based on a mortgage with 20% down @ 5% with a 5-yr mortgage rate
MLS®#: R3136796 · $1,028,000 · 2 bedroom apartment/condo in Yaletown Vancouver.
FAQs About 505-388 Drake Street, Vancouver
What is the square footage of this condo?
505-388 Drake Street, MLS® R3136796 has a size of 1,056 sqft. This is above the average square footage for condo in the Yaletown neighbourhood, which is 1,034 sqft.
What are nearby schools to 505-388 Drake Street, Vancouver?
Nearby secondary schools include Pattison High School, Westside Preparatory and Lowell High School. Nearby elementary schools include Elsie Roy, Crosstown and Blessed Sacrament.
How many bedrooms and bathrooms does this home have?
There are 2 bedrooms and 2 bathrooms in this condo at 505-388 Drake Street, MLS® R3136796.
Does this condo have parking available?
Yes, there is parking available for the condo at 505-388 Drake Street with 1 spot.
What are annual taxes for 505-388 Drake Street, Vancouver, BC?
Annual taxes for this home are estimated at $3,949 per year based on 2025 tax year reports.
Is 505-388 Drake Street, Vancouver, walkable?
With a Walk Score™ of 98, this home is considered a Walker's Paradise with daily errands do not require a car.
How does 505-388 Drake Street compare to other homes selling in Yaletown, Vancouver?
This home is listed at 23.1% below average condo prices for Yaletown and has been on the market for 38 days fewer than the typical home in that neighbourhood.