507 388 DRAKE STREET
Vancouver, BC V6B6A8
$849,000
Amenities
Also listed: Recreation Centre, Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $663/mo
- Annual property tax
- $2,729.16 (2025)
Interior
- Heating
- Baseboard heaters, Radiant heat
- Fireplace
- None
Exterior & Lot
- View
- View
- Pool
- Indoor pool
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Visitor Parking
Restrictions & Policies
- Pets
- Allowed with restrictions
- 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®
- R3134359
- Listed
- June 10, 2026
- Time on market
- On the market for 83 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.
Description
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 (id:63159)
Values & Trends
This listing
$1,020/sqft
Building average
$1,010/sqft
5 active listing(s)
Vancouver average
$1,094/sqft
2087 active listing(s)
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
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
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
| School | Type | Distance |
|---|---|---|
| Elsie Roy Elementary | Elementary | 212 m |
| Claren Academy(Independent) | Elementary | 397 m |
| Anchor Point Montessori(Independent) | Elementary | 601 m |
| False Creek Elementary | Elementary | 742 m |
| Pattison High School(Independent) | Secondary | 806 m |
| Lowell High School(Independent) | Secondary | 909 m |
| Canada Royal Arts High School(Independent) | Secondary | 1.1 km |
| Columbia Academy(Independent) | Secondary | 1.2 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
| Stop | Type | Distance |
|---|---|---|
| Yaletown-Roundhouse Station @ Bay 3 | — | 188 m |
| Yaletown-Roundhouse Station @ Platform 2 | — | 196 m |
| Yaletown-Roundhouse Station @ Bay 1 | — | 199 m |
| Yaletown-Roundhouse Station @ Bay 2 | — | 203 m |
| Yaletown-Roundhouse Station @ Platform 1 | — | 205 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)
Other Listings in This Building
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105 388 DRAKE STREET, Vancouver
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203 388 DRAKE STREET, Vancouver
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Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.