203 388 DRAKE STREET

203 388 DRAKE STREET · Vancouver, Yaletown · Apartment · 3 bed · 2 bath · $1,298,000 · MLS R3119190

Vancouver, British Columbia · Neighbourhood: Yaletown
C$1,298,000
For sale
203 388 DRAKE STREET

203 388 DRAKE STREET is located in Vancouver (Yaletown). Property snapshot: Apartment, 3 bed, 2 bath, listed at $1,298,000, MLS R3119190. 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: $1,298,000
MLS: R3119190
Bedrooms: 3
Bathrooms: 2
Interior Size: 1,241 sqft
Days on Market: -
Days on Site: 45
Deal Score: 40/100
Catchment Schools: Catchment schools include Elsie Roy Elementary, King George Secondary
Price History: Latest recorded list price 1298000.00

Local Decision Guide

How should buyers evaluate 203 388 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 203 388 DRAKE STREET?

This page shows a list price of $1,298,000 with MLS R3119190.

What type of home is this Vancouver, Yaletown listing?

The page shows Apartment, 3 bed, 2 bath at 203 388 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. Latest recorded list price 1298000.00.

Which catchment schools are associated with 203 388 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

Governor´s Tower in Yaletown, this updated 3-bedroom home offers 1,241 sf of efficient interior and enjoys beautiful views of David Lam Park and False Creek. Thoughtfully redesigned featuring custom millwork, integrated living-room cabinetry, and full-height panelling in the primary suite. The open kitchen connects to the dining area with a generous breakfast bar, creating a natural gathering space oriented to the park and water. The primary suite features a walk-in closet and ensuite, while marble bathrooms and updated hardwood flooring add a refined feel. 1 parking and 1 storage locker are provided. Amenities include a concierge, an indoor pool, a hot tub, a sauna, and a gym. Ideally located in the heart of Yaletown, steps from the seawall and with numerous dining and shopping options. (id:56153)

Property Details

Apartment
Building Type
3
Bedrooms
2
Bathrooms
1995
Year Built
31 years
Age
45
Days on Site
1,241 sqft
Interior Size
C$1,046
Price per Sqft

Complex Name: Governor's Tower

Transaction: For sale

Status: active

Listing ID: 29698811 (R3119190)

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Site Context

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Property Summary

Price: C$1,298,000

PID: 019-049-340

Days on Site: 45 days

Added to BurnabyHouse: 2026-05-04

Updated on: 2026-05-11 04:02 PM PDT

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Lot info

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Schools

Elsie Roy Elementary ELEMENTARY
Public · School District 39
150 Drake St, Vancouver, BC
Straight-line distance about 206.8 m
King George Secondary SECONDARY
Public · School District 39
1755 Barclay St, Vancouver, BC
Straight-line distance about 2 km
Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Farm to Table
About 154.2 m away
1312 Richards Street, Vancouver
Choices Market
About 240.6 m away
1202 Richards Street, Vancouver
Shopping Centres
Granville Island
About 742.6 m away
Granville Island Public Market
About 779.2 m away
1669 Johnston Street, Vancouver
Parks / Green Space
David Lam Park
About 178.2 m away
1300 Pacific Boulevard, Vancouver
Emery Barnes Park
About 344.8 m away
Rapid Transit Stations
Yaletown - Roundhouse Stn
About 208.5 m away

Price History

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Sold Area Stats

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Includes sold count, median sold price, and median days on market.

BC Assessment

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BC Assessment Sales History & Nearby Sales

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Last Updated: Mon, 11 May 2026 03:01:35 PM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: Engel & Volkers Vancouver

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