506 388 DRAKE STREET

506 388 DRAKE STREET · Vancouver, Yaletown · Apartment · 2 bed · 2 bath · $1,149,000 · MLS 28090743

Vancouver, British Columbia · Neighbourhood: Yaletown
C$1,149,000
For sale
506 388 DRAKE STREET

506 388 DRAKE STREET is located in Vancouver (Yaletown). Property snapshot: Apartment, 2 bed, 2 bath, listed at $1,149,000, MLS 28090743. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: -. BurnabyHouse Deal Score: 40/100.

List Price: $1,149,000
MLS: 28090743
Bedrooms: 2
Bathrooms: 2
Interior Size: 1,043 sqft
Days on Market: -
Days on Site: 103
Deal Score: 40/100
Catchment Schools: Catchment schools include Elsie Roy Elementary, King George Secondary

Local Decision Guide

How should buyers evaluate 506 388 DRAKE STREET?

Start by reading this listing in its Vancouver Yaletown context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

Vancouver listings should separate R1-1, RS, RT, laneway house and multiplex rules during review. R1-1 is an important low-density housing reform signal, but heritage, trees, underground servicing, parking, corner-lot conditions and existing building condition can all change the practical outcome.

Vancouver R1-1 / RS / RT / laneway quick checklist
  • Confirm whether zoning is R1-1, RS, RT or another district.
  • Review laneway house, multiplex, heritage, tree, parking and servicing rules separately.
  • Do not rely on lot size alone; corner-lot conditions, underground servicing and existing building condition can affect the plan.
What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 506 388 DRAKE STREET?

This page shows a list price of $1,149,000 with MLS 28090743.

What type of home is this Vancouver, Yaletown listing?

The page shows Apartment, 2 bed, 2 bath at 506 388 DRAKE STREET. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about - days on market/site.

Which catchment schools are associated with 506 388 DRAKE STREET?

Catchment schools include Elsie Roy Elementary, King George Secondary. Catchment boundaries can change, so buyers should verify with the school district or their realtor before writing an offer.

What does the Deal Score of 40/100 mean?

Deal Score is a BurnabyHouse screening score based on list price, assessment, DOM, strata fees, rent yield and area-average signals. It helps with first-pass screening and does not replace inspection, financing, legal or municipal due diligence.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

How should Vancouver listings be screened for R1-1, RS, RT, laneway and multiplex risk?

Vancouver listings should be checked against R1-1, RS, RT and other zoning, laneway house rules, multiplex rules, heritage, trees, parking, servicing and permits. Block-level and site-level constraints can change the outcome.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

Experience the best of Yaletown living in this spacious 1,043 sq. ft. 2 bed + 2 bath + den home, perfectly located across from David Lam Park and steps from top restaurants, and vibrant community spaces. This residence features luxurious finishes, including marble tiles in the primary ensuite and premium fixtures from Kohler and Grohe. The sleek kitchen boasts Miele appliances and a built-in coffee maker. Tastefully updated over the years, this home offers an opportunity to add final personal touches to select cabinetry, closets, and lighting. The building offers top-tier amenities, including a large indoor pool, hot tub, sauna, and a well equipped fitness center. A rare chance to own in one of Vancouver´s most sought-after neighborhoods! (id:56153)

Property Details

Apartment
Building Type
2
Bedrooms
2
Bathrooms
1995
Year Built
31 years
Age
103
Days on Site
1,043 sqft
Interior Size
C$1,102
Price per Sqft

Complex Name: Governor's Tower

Transaction: For sale

Status: active

Listing ID: 28090743 (28090743)

Become a VIP member for free. More details will be available.
The information below is generated by BurnabyHouse.com for your convenience and may not always be accurate. Consult a Realtor to verify.

Site Context

Free sign-up unlocks site context
Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$1,149,000

Interior Size: 1043 sqft

Days on Site: 103 days

Added to BurnabyHouse: 2026-03-06

Updated on: 2026-03-06 11:16 PM PST

Become a VIP member for free. More details will be available.

Lot info

Free sign-up unlocks full lot information
Includes parcel identifiers, size details, and land and approval context.

Schools

Elsie Roy Elementary ELEMENTARY
Public · School District 39
150 Drake St, Vancouver, BC
Straight-line distance about 59.5 m
King George Secondary SECONDARY
Public · School District 39
1755 Barclay St, Vancouver, BC
Straight-line distance about 2.2 km
Nearby Private Schools
Free sign-up unlocks nearby private school details
Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Urban Fare
About 189.7 m away
177 Davie Street, Vancouver
Farm to Table
About 326.3 m away
1312 Richards Street, Vancouver
Shopping Centres
Granville Island
About 846.9 m away
Granville Island Public Market
About 909.4 m away
1669 Johnston Street, Vancouver
Parks / Green Space
David Lam Park
About 164.6 m away
1300 Pacific Boulevard, Vancouver
Helmcken Park
About 323.1 m away
Rapid Transit Stations
Yaletown - Roundhouse Stn
About 159.1 m away

Sold Area Stats

Free sign-up unlocks sold area stats
Includes sold count, median sold price, and median days on market.

Newsletter

Enter your email to receive market updates and new listing alerts.

NEED TO CONSULT
A REALTOR?

We’re here for you!
Most inquiries receive a response within a few hours.
No spam. Just helpful answers.
You can also text Gary @ 778.801.1314

Classic Search

Recent News

Jun 16, 2026
Farm Girl, Body Energy Club tap into Protein Industries Canada’s supply chain push
Farm Girl, Body Energy Club tap into Protein Industries Canada’s supply chain push
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 16, 2026
Canadian Net REIT buys Rivière-du-Loup retail node for $4.43M
Canadian Net REIT buys Rivière-du-Loup retail node for $4.43M
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 16, 2026
BCE cuts 690 jobs to fund U.S. AI and network build
BCE cuts 690 jobs to fund U.S. AI and network build
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 16, 2026
RBC bets C$1 billion on AI to fuel capital markets growth
RBC bets C$1 billion on AI to fuel capital markets growth
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 16, 2026
Financials lift TSX as oil slump drags energy stocks lower
Financials lift TSX as oil slump drags energy stocks lower
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 16, 2026
Grey Cup’s $93M Economic Boost Highlights Canada’s Event-Driven Spending
Grey Cup’s $93M Economic Boost Highlights Canada’s Event-Driven Spending
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 16, 2026
Conservatives pitch legalizing some psychedelics with bill to revamp Canada's drug laws
Conservatives pitch legalizing some psychedelics with bill to revamp Canada's drug laws
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 16, 2026
Agnico Eagle to Acquire Rupert Resources in C$2.9 Billion Share Swap
Agnico Eagle to Acquire Rupert Resources in C$2.9 Billion Share Swap
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 16, 2026
B.C.'s Purdys goes coast-to-coast with first stores east of Ontario
B.C.'s Purdys goes coast-to-coast with first stores east of Ontario
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Powered by REALTOR.ca

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®).

Last Updated: 2025-09-12 17:57:20

Data Provider: Greater Vancouver REALTORS®

Listing Office: Oakwyn Realty Ltd.

BurnabyHouse AI Assistant