Property Type: Condo / ApartmentOwnership: Strata

2101 388 DRAKE STREET

Vancouver, BC V6B6A8

$1,399,000

3 bed2 bath1 parking1,214 sqftBuilt 1995
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Amenities

Gym

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$939/mo
Annual property tax
$3,943.51 (2026)

Interior

Heating
Baseboard heaters, Hot Water
Fireplace
None
Appliances
All

Exterior & Lot

View
View
Pool
Indoor pool
Lot features
Central location, Elevator, Wheelchair access

Building

Security
Smoke Detectors
Parcel ID (PID)
019-050-283

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed, 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®
R3154485
Listed
August 10, 2026
Time on market
On the market for 21 days
Tax assessment year
2026
Data last synced
August 31, 2026

Listing provided by: Prompton Real Estate Services Inc. · Data source: CREA DDF.

Description

Yaletown Living at Its Best! Welcome to Governor's Tower, an iconic, signature residence by Concord Pacific! This spacious 3 Bdrm / 2 Bath suite offers style, comfort & stunning False Creek, David Lam Park & city views. Previously renovated with quality materials & craftsmanship, featuring an open kitchen with quartz counters, Fisher & Paykel appliances, updated floors, spa-inspired baths & a large primary bdrm accommodating a king-size bed + walk-in closet. 1 parking & locker incld. Top amenities: concierge, newly renovated indoor pool, sauna, hot tub; gym & garden courtyard with play & seating areas. Located steps from the Seawall, Elsie Roy Elementary, Roadhouse Community Centre, Canada Line, and Yaletown's renowned shops and restaurants - this is urban waterfront living at its finest. (id:63159)

Values & Trends

This listing

$1,152/sqft

Building average

$984/sqft

5 active listing(s)

Vancouver average

$1,094/sqft

2087 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.

Apartment Market Stats — Vancouver

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

MLS® HPI Benchmark Price

$729,200

Jul 2026

Average Sale Price

$892,419

Jul 2026

Monthly Sales

342

Jul 2026

Active Listings

2,222

Jul 2026

Sales-to-Active Ratio

15.0%

Jul 2026

Median Days to Contract

25 days

Jul 2026

MLS® HPI Benchmark Price

$820,100
$729,200
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Clear

15°C

Clear

Humidity 100%

Wind NW 5 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 ElementaryElementary212 m
Claren Academy(Independent)Elementary397 m
Anchor Point Montessori(Independent)Elementary601 m
False Creek ElementaryElementary742 m
Pattison High School(Independent)Secondary806 m
Lowell High School(Independent)Secondary909 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 3188 m
Yaletown-Roundhouse Station @ Platform 2196 m
Yaletown-Roundhouse Station @ Bay 1199 m
Yaletown-Roundhouse Station @ Bay 2203 m
Yaletown-Roundhouse Station @ Platform 1205 m

Nearby Places

Restaurants (5+)

  • Ki Isu Japanese Restaurant · 1275 Pacific Boulevard74 m
  • Alchemy · 1269 Hamilton Street79 m
  • Pho Quynh Express · 1263 Pacific Street93 m
  • Tasty Indian Bistro · 1261 Hamilton Street94 m
  • Paratha 2 Pasta · 1257 Hamilton Street111 m

Cafes (5+)

  • Octave Cafe153 m
  • Matchstick · 1328 Richards Street153 m
  • Cha Yuan · 1223 Pacific Boulevard157 m
  • Faubourg Paris · 302 Davie Street181 m
  • JJ Bean · 402 Davie Street193 m

Grocery (5+)

  • Farm to Table · 1312 Richards Street150 m
  • Choices Market · 1202 Richards Street236 m
  • Urban Fare · 177 Davie Street298 m
  • Fresh Street Market · 1423 Continental Street480 m
  • Sashimiya · 1348 Hornby Street554 m

Parks (5+)

  • Unnamed97 m
  • David Lam Park · 1300 Pacific Boulevard183 m
  • Unnamed215 m
  • Emery Barnes Park340 m
  • Helmcken Park374 m

Gyms (5+)

  • Everyday Athletes · 1271 Homer Street120 m
  • Club Viva · 428 Pacific Street176 m
  • Oxygen Yoga & Fitness · 1128 Mainland Street295 m
  • Pure Barre · 1128 Homer Street303 m
  • Barre Fitness · 1038 Mainland Street418 m

Pharmacies (5+)

  • The Pharmacy Yaletown · 1251 Pacific Street123 m
  • Shoppers Drug Mart · 1295 Seymour Street285 m
  • Yale I.D.A. Pharmacy · 1284 Granville Street354 m
  • Granville Pharmacy · 1146 Granville Street446 m
  • London Drugs · 1431 Continental Street477 m

Banks & ATMs (5+)

  • Coinsite Bitcoin ATM · 216 Davie Street189 m
  • RBC · 1196 Pacific Boulevard255 m
  • RBC · 1196 Pacific Boulevard271 m
  • Coast Capital Savings · 120 Davie Street281 m
  • Bitcoin ATM Coinsite · 1168 Pacific Boulevard306 m

Nearby places data: © OpenStreetMap contributors.

School district: Vancouver (SD39)

Mortgage & Ownership Cost Calculator

Minimum required: 8.2% ($114,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,119,200.00
Periodic payment — Principal & Interest (monthly)$7,220.70
Additional monthly expenses (strata, tax, utilities, etc.)$1,328.56
Total monthly cost$8,549.25
Interest paid over 5-yr term$320,765.94
Balance at end of term$1,006,724.02

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$114,900
Stress test qualifying rate8.09%
Payment you must qualify for$9,874.28

Cash Needed at Closing

Minimum down payment$114,900
Estimated BC PTT$25,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$142,380

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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