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505 388 DRAKE STREET

Address
505 388 DRAKE STREET, Vancouver BC V6B 6A8
List Price
$1,048,000
Est. $4,901/month
Beds
2
Baths
2
Sq Ft
1,056
Type
Apartment/Condo
Structure
Multi Family, Residential Attached
Year Built
1995
Size
1,056 sqft
Parking
1 parking spot
Stories
32
Taxes
$3,948.58 /yr (2025)
Strata
$839/mo
Pets
Yes With Restrictions
Status
For Sale
MLS®#
R3108977
Walk Score
98
Added
Updated
Listed By
Royal Pacific Lions Gate Realty Ltd.
MLS RECIPROCITY

Property Description

Welcome to Governor's Tower, one of Yaletown's premier waterfront residences. This rare podium penthouse sits atop the 5-storey podium with no unit above and minimal shared walls, offering exceptional privacy and natural light from three exposures. East-facing primary bedroom enjoys morning sun. South-facing living room overlooks David Lam Park and False Creek. West-facing kitchen and covered balcony frame sunset views over the water. Floor-to-ceiling windows throughout. 2 bedrooms, 2 full bathrooms, 1,056 sq ft. Building fully rain-screened (2010) and re-piped (2018). Amenities include 24hr concierge, indoor pool, hot tub, sauna and gym. One underground parking stall and storage locker included. Steps to the seawall, David Lam Park, Canada Line and Yaletown's best dining and shopping.

This Apartment/Condo home located at 388 Drake Street, Vancouver is currently for sale and has been available on Strawhomes.com for 30 days. This property is listed at $1,048,000 with an estimated mortgage of $4,901* per month. It has 2 beds, 2 bathrooms, and is 1,056 square feet. The property was built in 1995. 505 388 Drake Street, Vancouver BC V6B 6A8 is in the Yaletown Condos neighbourhood Vancouver. False Creek, Fairview VW and Downtown VW are nearby neighborhoods.

Facts & Features

Property

Area Minor
Yaletown
Postal Code
V6B 6A8
Property Sub Type
Apartment/Condo
Year Built
1,995
Size (Interior)
1,056 sqft
Building Area Total
1,056 sqft
Area Major
Vancouver West
Property Type
Residential
Status
Active
Last Modified
2026-05-08

Inside

Bathrooms
2
Main Level Bathrooms
Laundry Features
In Unit
Rooms
Above Grade Finished Area
Below Grade Finished Area
Bedrooms
2
Interior Features
Elevator, Storage

Building

Roof
Other
Floor Area Below Grade
Stories
32
Heating
Baseboard, Hot Water
Foundation
Concrete Perimeter
Structure
Multi Family, Residential Attached
View
Yes
View Description
David Lam Park, False Creek
Common Walls
Corner Unit
Spa Features
Swirlpool/Hot Tub
Construction
Concrete, Concrete (Exterior), Glass (Exterior)
Exterior Features
Garden, Playground, Balcony

Parking

Parking Space (A)
1
Parking Features
Underground, Guest, Front Access
Garage
Yes

Fees

Taxes
$3,948.58
Tax Year
2,025
Maintenance Fee
$839/month
Common Elements Included
Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities

Utilities

Utilities
Electricity Connected, Natural Gas Connected
Sewer
Public Sewer, Sanitary Sewer, Storm Sewer
Water Source
Public

Highlights

Building Amenities
Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities

Listing Details

MLS® Number
R3108977
Ownership
Freehold Strata
Age
31 years
Main Floor Finished Area
1,056 sqft
Listing Source
GVR – FVREB – CADREB – BCNREB – Resi
Pets Allowed
Yes With Restrictions

Additional Property Details

Above Grade Finished Area
Below Grade Finished Area
Basement Finished Area
Main Floor Finished Area
Main Level Bathrooms
Age of Building
Legal Description
Distance to Transit
Rentals Allowed
Management Company
Restrictions
Age Restriction
Fireplace Features
Patio & Porch
Fencing
Covered Parking Places

Rooms

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Sold History

Listing records and last sold date for 505 388 DRAKE STREET, Vancouver BC V6B 6A8, Vancouver

Selling

MLS® #DateEventPrice
XXXXXXXXXXXxx XX, XXXXListed
XXXXXXXXXXXxx XX, XXXXXxxxxxx$X,XXX,XXX
Xxx XX, XXXXXxxxxx$X,XXX,XXX
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Location

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About: 505 505 388 DRAKE STREET, Vancouver BC V6B 6A8, Vancouver

If this apartment/condo isn't quite what you're looking for, view the other 4,574 apartments/condos in Vancouver

This freehold apartment/condo was built in 1995 and is currently listed at $992 per square foot. Monthly strata fees for this unit are $839. The property offers 1 parking space, a garage, scenic views. Annual property taxes were assessed at $3,949 in 2025.

Located in the city of Vancouver, within the province of British Columbia, the address 505 505 388 DRAKE STREET, Vancouver BC V6B 6A8 resides in the Yaletown neighbourhood of Vancouver.

Neighboring communities include False Creek, Downtown VW and Downtown VE. Drake has 17 homes currently on the market, while the district of Yaletown has 251 postings on the market. That's just 5.5% of the 4,574 total listings for sale in the city of Vancouver. The average listed price of a apartment/condo in Yaletown is $1,317,327, with an estimated mortgage of $6,161 per month.* That is 0.7 the average list price of $1,983,836 for a apartment/condo in Vancouver.

Yaletown listed apartments/condos average 1,011 sq ft, 2 beds, and 2 baths.

The community around 505 505 388 DRAKE STREET, Vancouver BC V6B 6A8 has more apartments/condos for sale than detached houses.

Monthly payments are an estimate based on a mortgage with 20% down @ 5% with a 5-yr mortgage rate

MLS®#: R3108977 · $1,048,000 · 2 bedroom apartment/condo in Yaletown Vancouver.

FAQs About 505-388 Drake Street, Vancouver

What is the square footage of this condo?
505-388 Drake Street, MLS® R3108977 has a size of 1,056 sqft. This is above the average square footage for condo in the Yaletown neighbourhood, which is 1,008 sqft.
What are nearby schools to 505-388 Drake Street, Vancouver?
Nearby secondary schools include Pattison High School, Westside Preparatory and Lowell High School. Nearby elementary schools include Elsie Roy, Crosstown and Blessed Sacrament.
How many bedrooms and bathrooms does this home have?
There are 2 bedrooms and 2 bathrooms in this condo at 505-388 Drake Street, MLS® R3108977.
Does this condo have parking available?
Yes, there is parking available for the condo at 505-388 Drake Street with 1 spot.
What are annual taxes for 505-388 Drake Street, Vancouver, BC?
Annual taxes for this home are estimated at $3,949 per year based on 2025 tax year reports.
Is 505-388 Drake Street, Vancouver, walkable?
With a Walk Score™ of 98, this home is considered a Walker's Paradise with daily errands do not require a car.
How does 505-388 Drake Street compare to other homes selling in Yaletown, Vancouver?
This home is listed at 19.8% below average condo prices for Yaletown and has been on the market for 14 days fewer than the typical home in that neighbourhood.
What building is this condo a part of?
388 Drake Street Unit 505 is part of the building 388 Drake Street and other units for sale include unit 2505, unit 203 and unit 506.