Property Type: TownhouseOwnership: Strata

201 289 DRAKE STREET

Vancouver, BC V6B5Z5

$1,299,000

2 bed3 bath1 parking1,355 sqftBuilt 1993
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Amenities

Gym

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Row / Townhouse

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$840/mo
Annual property tax
$4,100.52 (2025)

Interior

Heating
Baseboard heaters, Hot Water
Fireplace
None

Exterior & Lot

Pool
Indoor pool

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Not allowed
Rentals
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3116041
Listed
April 27, 2026
Time on market
On the market for 126 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Macdonald Realty · Data source: CREA DDF.

Description

Refined townhouse living in the heart of Yaletown. This extensively renovated 1,354 square ft two-level home with private patio offers rare square footage ideal for both relaxed everyday living and effortless entertaining. The chef's kitchen features custom cabinetry, premium Bosch appliances, quartz countertops, and a central island - all complemented by engineered hardwood floors and floor-to-ceiling windows that fill the space with natural light. Thoughtful details throughout include a designated home office, custom built-ins, and Kohler bathroom fixtures. Upstairs, the generous primary bedroom is complete with an ensuite, alongside a second bedroom, den, and full bath. Steps from Yaletown's best restaurants, boutiques, and the seawall. This one is not to be missed. (id:63159)

Values & Trends

This listing

$959/sqft

Building average

1 active listing(s)

Vancouver average

$1,063/sqft

422 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Townhouse Market Stats — Vancouver

Monthly figures from the Fraser Valley Real Estate Board for Vancouver townhouselistings — not specific to this property.

MLS® HPI Benchmark Price

$1,197,900

Jul 2026

Average Sale Price

$1,194,276

Jul 2026

Monthly Sales

73

Jul 2026

Active Listings

492

Jul 2026

Sales-to-Active Ratio

15.0%

Jul 2026

Median Days to Contract

15 days

Jul 2026

MLS® HPI Benchmark Price

$1,371,500
$1,178,700
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Clear

17°C

Clear

Humidity 100%

Wind WNW 13 km/h

Tonight

14°

Tuesday

20°

Tuesday night

15°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

662,248

(2021 Census)

+4.9% since 2016

Density: 5,749.7/km²

Dwellings: 328,347

Median household income: $82,000

After-tax: $72,000

Immigrant population: 42.2%

Top countries of origin (% of total population)

  • China9.6% · 63,270
  • Philippines4.5% · 29,925
  • Hong Kong3.8% · 25,485
  • India2.2% · 14,640
  • United Kingdom1.9% · 12,895
  • Viet Nam1.8% · 12,115
  • Taiwan1.5% · 9,865
  • United States of America1.5% · 9,790

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

78

7/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Elsie Roy ElementaryElementary210 m
Claren Academy(Independent)Elementary343 m
Anchor Point Montessori(Independent)Elementary628 m
Pattison High School(Independent)Secondary782 m
False Creek ElementaryElementary786 m
Lowell High School(Independent)Secondary847 m
Canada Royal Arts High School(Independent)Secondary1.1 km
Columbia Academy(Independent)Secondary1.2 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Yaletown-Roundhouse Station @ Bay 3127 m
Yaletown-Roundhouse Station @ Platform 2131 m
Yaletown-Roundhouse Station @ Bay 1138 m
Yaletown-Roundhouse Station @ Bay 2139 m
Yaletown-Roundhouse Station @ Platform 1140 m

Nearby Places

Restaurants (5+)

  • Ki Isu Japanese Restaurant · 1275 Pacific Boulevard27 m
  • Pho Quynh Express · 1263 Pacific Street37 m
  • Alchemy · 1269 Hamilton Street42 m
  • Tasty Indian Bistro · 1261 Hamilton Street49 m
  • Rodney's Oyster House · 1228 Hamilton Street59 m

Cafes (5+)

  • Cha Yuan · 1223 Pacific Boulevard96 m
  • Faubourg Paris · 302 Davie Street117 m
  • Starbucks · Mainland Street143 m
  • JJ Bean · 402 Davie Street152 m
  • Octave Cafe191 m

Grocery (5+)

  • Farm to Table · 1312 Richards Street180 m
  • Choices Market · 1202 Richards Street208 m
  • Urban Fare · 177 Davie Street243 m
  • Fresh Street Market · 1423 Continental Street522 m
  • Nesters Market · 990 Seymour Street548 m

Parks (5+)

  • Unnamed35 m
  • Unnamed171 m
  • David Lam Park · 1300 Pacific Boulevard222 m
  • Emery Barnes Park310 m
  • Helmcken Park310 m

Gyms (5+)

  • Everyday Athletes · 1271 Homer Street110 m
  • Oxygen Yoga & Fitness · 1128 Mainland Street231 m
  • Club Viva · 428 Pacific Street240 m
  • Pure Barre · 1128 Homer Street247 m
  • Barre Fitness · 1038 Mainland Street354 m

Pharmacies (5+)

  • The Pharmacy Yaletown · 1251 Pacific Street63 m
  • Shoppers Drug Mart · 1295 Seymour Street302 m
  • Yale I.D.A. Pharmacy · 1284 Granville Street367 m
  • Granville Pharmacy · 1146 Granville Street427 m
  • Shoppers Drug Mart · 1006 Homer Street440 m

Banks & ATMs (5+)

  • Coinsite Bitcoin ATM · 216 Davie Street125 m
  • RBC · 1196 Pacific Boulevard192 m
  • RBC · 1196 Pacific Boulevard213 m
  • Coast Capital Savings · 120 Davie Street233 m
  • Bitcoin ATM Coinsite · 1168 Pacific Boulevard246 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($104,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,039,200.00
Periodic payment — Principal & Interest (monthly)$6,704.57
Additional monthly expenses (strata, tax, utilities, etc.)$1,250.01
Total monthly cost$7,954.58
Interest paid over 5-yr term$297,837.71
Balance at end of term$934,763.76

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$104,900
Stress test qualifying rate8.09%
Payment you must qualify for$9,182.21

Cash Needed at Closing

Minimum down payment$104,900
Estimated BC PTT$23,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$130,380

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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