504 789 Drake St, Vancouver, BC, MLS® R3068595

$498,000
Est. Mortgage /mo

$498,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
1 Beds
1 Baths
1 Stories
$ 395.22 Maint. Fee
604 sqft
1991 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

504 789 Drake St, Vancouver, BC | MLS® R3068595 Property Details

Check out the value in this solid 1bd at the RAINSCREENED Century Tower at the intersection of Yaletown, Downtown + the West End. Step inside this corner unit and you’ll be impressed by this bright + functional condo that features ample interior storage and a massive covered balcony (130 sf) ideal for hanging with friends or chilling with your morning coffee. Ideal for young professionals or as an addition to your rental portfolio! BUILDING Trouble-free rainscreened building with many updates including. Plumbing, balconies, windows, elevators, full rainscreen + more. Insuite storage + parking rented $70/mo. No pets. Rentals welcome. NEIGHBORHOOD: Highly walkable + bike friendly, steps to Yaletown + Skytrain, Beach District, seawall + all Downtown Vancouver has to offer at your door.

General Info

Price $498,000
Total Bedrooms 1
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 604
Lot Size -
Lot Size Depth Feet
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1991
Age Of Building 34
Building Type Apartment/Condo
Property Type Residential
Stories 1
Appliances Included Washer, Refrigerator, Stove
Building Amenities Bike Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Snow Removal
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS® # R3068595
Area Vancouver West
Neighbourhood Downtown VW
City Vancouver
Gross Taxes $1,618.38
Ownership Type Freehold Strata
Maintenance Fee $395.22
Community Features Shopping Nearby
Amenities Nearby Bike Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Snow Removal
Fixtures Included -

Heating & Cooling

Fireplace 0
Heating Type Baseboard, Electric

Utilities

Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Underground, Side Access
Total Parking Spaces 1

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Strata Restrictions Pets Not Allowed,Rentals Allowed
Pet Restrictions No Cats, No Dogs, No
Rental Restrictions 100
Zoning APT
Rental Suites None
Laundry Common Area
# of Kitchens 1
Flooring Laminate, Tile
Foundation Concrete Perimeter
Interior Features Elevator
View -
View Description -
Units In Development 122
Exterior Features Garden, Balcony
Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Property History

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Status Date Price
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Listed by: Royal LePage Westside

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary
King George Secondary School
1.57 km
Elementary
Elsie Roy Elementary School
Average
0.65 km
6.1/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Anchor Point Montessori
0.17 km
Secondary
Pattison School
0.52 km

Closest Transit

Bus Stop
Northbound Granville St @ Drake St
0.09 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn
0.51 km

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to 504 789 Drake Street, a stunning property nestled in the heart of Vancouver, BC. As we step into this vibrant neighborhood, I'm excited to share with you the incredible features that make this area so desirable.

Let's start with the schools. Elsie Roy Elementary School, located just 0.65 km from our property, boasts a rating of 6.1/10. Families love this area because of its excellent educational institutions. In fact, King George Secondary School, another highly-rated school, is just a short 1.57 km away.

But that's not all. We also have an excellent selection of independent schools in the area. For instance, Anchor Point Montessori, with its No Rating, is just 0.17 km from our home. This school offers a unique educational experience that's perfect for families looking for an alternative to traditional public education. Pattison School, another independent school, is just 0.52 km away, offering a similar experience.

Now, let's talk about safety. According to Statistics Canada's 2020 report, our neighborhood has an overall crime rate of 7,470.82, which is considered Average compared to other Canadian cities. In fact, the rate has seen a significant decrease of -14.94% over the years. You can rest assured that this area is a safe and peaceful place to call home.

When it comes to crime rates, our neighborhood is also doing well. The drug crime rate is Average, with a rating of 229.49. There were 1,604 illegal substances lawbreaking disturbances in the area in 2020, which is a relatively low number. The year-over-year change in the illegal substances offences ranking is 1.58%, indicating a stable trend.

Property crimes are also relatively low in our neighborhood. The property misconduct rate is Above Average, with a rating of 5,020.27. There were 35,089 property misconduct incidents in the area in 2020, which is a relatively low number. The year-over-year change in the property misconduct rate is -20.80%, indicating a downward trend.

Violent crime rates are also a concern, but our neighborhood is doing well in this regard. There were 9,168 violent lawbreaking disorders in 2020, which is considered Below Average compared to other BC municipalities. The year-over-year change in the violent crime rate is 3.53%, indicating a stable trend.

Now, let's talk about transportation. The closest Bus station is Northbound Granville St @ Drake St, which is just 0.09 km away from our property. This makes it easy to get around the city without a car.

Demographically, our neighborhood is a mix of young professionals and families. According to the data, 47% of people in our neighborhood have a university certificate or degree, which is High compared to other BC neighborhoods. In fact, 4.8% of the population in our neighborhood have no certificate or degree, which is Low compared to the average in BC.

When it comes to income, the median household income in our neighborhood is $55,936, which is Below Average compared to the British Columbia average. However, the median personal income is $40,817, which is Above Average compared to the BC average. The percentage of households with a mortgage is 72.8%, which is High.

Unemployment rates in our neighborhood are also low, with a rate of 5.9%, which is Below Average compared to other province neighborhoods.

In terms of population growth, our neighborhood has seen a significant increase of 40.2% between 2011 and 2016, which is High compared to average growth rates in the region.

We also have a high population density, with 34,624.2 people per square kilometer, which is High compared to other areas.

Family dynamics in our neighborhood are also interesting. The average size of families is 2.2, which is Low compared to the whole region. The percentage of families with children is 24.4%, which is Low. However, the percentage of married or living common law is 39.1%, which is Low.

In terms of age demographics, the average age of the population in our neighborhood is 38.6, which is Below Average compared to other BC cities.

Now, let's talk about real estate. The average value of dwellings in our neighborhood is $705,201, which is High compared to other areas in British Columbia.

We also have a high percentage of renters in our neighborhood, with 65.6% of the population renting their homes, which is High compared to other BC cities and areas.

When it comes to transportation, 26% of the population in our neighborhood use public transport, which is High. 27.2% of the population use cars, which is Low. 3.2% of

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $498,000
Vancouver $588,537
Downtown VW $547,666
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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