507 388 DRAKE STREET

507 388 DRAKE STREET · Vancouver, Yaletown · Apartment · 2 bed · 2 bath · $849,000 · MLS R3134359

Vancouver, British Columbia · Neighbourhood: Yaletown
For sale
507 388 DRAKE STREET

507 388 DRAKE STREET is located in Vancouver (Yaletown). Property snapshot: Apartment, 2 bed, 2 bath, listed at $849,000, MLS R3134359. 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. Ca

List Price: $849,000
MLS: R3134359
Bedrooms: 2
Bathrooms: 2
Interior Size: 832 sqft
Days on Market: -
Days on Site: 36
Deal Score: 40/100
Catchment Schools: Catchment schools include Elsie Roy Elementary, King George Secondary
Price History: Latest recorded list price 849000.00; 1 price change(s) on file

Local Decision Guide

How should buyers evaluate 507 388 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 507 388 DRAKE STREET?

This page shows a list price of $849,000 with MLS R3134359.

What type of home is this Vancouver, Yaletown listing?

The page shows Apartment, 2 bed, 2 bath at 507 388 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 849000.00; 1 price change(s) on file.

Which catchment schools are associated with 507 388 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

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:56153)

Property Details

Apartment
Building Type
2
Bedrooms
2
Bathrooms
1995
Year Built
31 years
Age
36
Days on Site
832 sqft
Interior Size
C$1,020
Price per Sqft

Complex Name: Governor's Tower

Transaction: For sale

Status: active

Listing ID: 29880096 (R3134359)

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The information below is generated by BurnabyHouse.com for your convenience and may not always be accurate. Consult a Realtor to verify.

Site Context

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

Property Summary

Price: C$849,000

PID: 019-049-455

Days on Site: 36 days

Added to BurnabyHouse: 2026-06-09

Updated on: 2026-07-13 01:02 PM PDT

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Lot info

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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 211.3 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 149.8 m away
1312 Richards Street, Vancouver
Choices Market
About 235.7 m away
1202 Richards Street, Vancouver
Shopping Centres
Granville Island
About 743.5 m away
Granville Island Public Market
About 778.9 m away
1669 Johnston Street, Vancouver
Parks / Green Space
David Lam Park
About 183.2 m away
1300 Pacific Boulevard, Vancouver
Emery Barnes Park
About 339.8 m away
Rapid Transit Stations
Yaletown - Roundhouse Stn
About 208.6 m away

Price History

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View price changes, listing events, and the full timeline.

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, 13 Jul 2026 11:55:33 AM PDT

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Listing Office: RE/MAX Crest Realty

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