Home Vancouver, BC Yaletown Governor'S Tower 203 388 Drake Street

203 388 Drake St, Vancouver BC - Apartment/Condo for Sale - MLS# R3119190

125 days on the market

$1,198,000

Est. Mortgage $5,300/mo

Listing updated: Jul 7, 2026 at 11:07am

EstateBlock checked: Sep 6, 2026 at 04:45am

Governor's Tower

3 Beds

2 Baths

1241 sqft

965 $ /sqft

1002.06 $ Maint. fee

1995 built

7.7% price reduction

125 days on the market

$1,198,000

$1,298,000

Est. $5,300/mo with 20% down

Listing updated: Jul 7, 2026 at 11:07am

EstateBlock checked: Sep 6, 2026 at 04:45am

Photos

Exterior Front Photo of 203 388 Drake Street, Vancouver, BC

Exterior Rear Photo of 203 388 Drake Street, Vancouver, BC

Living Room Photo of 203 388 Drake Street, Vancouver, BC

Family Room Photo of 203 388 Drake Street, Vancouver, BC

Dining Area Photo of 203 388 Drake Street, Vancouver, BC

Kitchen Photo of 203 388 Drake Street, Vancouver, BC

Kitchen Island Photo of 203 388 Drake Street, Vancouver, BC

Pantry Photo of 203 388 Drake Street, Vancouver, BC

Breakfast Nook Photo of 203 388 Drake Street, Vancouver, BC

Primary Bedroom Photo of 203 388 Drake Street, Vancouver, BC

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.

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features	Elevator
Heating Type	Baseboard, Hot Water
Laundry	In Unit
# of Kitchens	1
Flooring	Hardwood, Tile
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	No Outdoor Area
View Description	David Lam Park, False Creek
Roof	Other
Structures	Multi Family, Residential Attached

Building Details

Price	$1,198,000
Total Bedrooms	3
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	1241
Year Built	1995
Age Of Building	31
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Exercise Centre, Sauna/Steam Room, Concierge, Trash, Management, Recreation Facilities, Sewer, Water
Building Name	Governor's Tower
Ownership Type	Freehold Strata
Maintenance Fee	$1,002.06
Community Features	Shopping Nearby
Amenities Nearby	Exercise Centre, Sauna/Steam Room, Concierge, Trash, Management, Recreation Facilities, Sewer, Water
Utility Type	Community, Electricity Connected, Water Connected
Utility Sewer	Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Garage Under Building, Underground
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Cats OK, Dogs OK, Yes With Restrictions

Lot & Land

MLS^® #	R3119190
Area	Vancouver West
Neighbourhood	Yaletown
City	Vancouver
Postal Code	V6B 6A8
Gross Taxes	$4,026.69
Zoning	CD-1

Property Timeline

Status	Date	Price
R3119190 / Active	05-04-2026	$1,198,000

Rooms

Floor	Type	Dimensions
Main Level	Foyer	4'5 x 4'5 ft
Main Level	Kitchen	8'0 x 8'0 ft
Main Level	Dining Room	11'2 x 11'2 ft
Main Level	Storage	4'7 x 4'7 ft
Main Level	Flex Room	6'1 x 6'1 ft
Main Level	Living Room	12'3 x 12'3 ft
Main Level	Primary Bedroom	12'8 x 12'8 ft
Main Level	Bedroom	9'6 x 9'6 ft
Main Level	Bedroom	10'11 x 10'11 ft
Main Level	Walk-In Closet	6'3 x 6'3 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#4
Main Level	No	#4

Listed by: Engel & Volkers Vancouver

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.

Map & Neighbourhood

Public Schools

Elementary
Elsie Roy Elementary School: Average 0.21 km 6.8/10
Secondary
King George Secondary School: Average 2 km 6.2/10

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

Private Schools

Elementary
Claren Academy: Above Average 0.41 km 9/10
Elementary,Secondary
Eaton Arrowsmith School (Vancouver) Ltd: 0.8 km

Closest Transit

Bus Stop
Westbound Pacific Blvd @ Drake St: 0.02 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn: 0.19 km

Crime Rate

Total Crime Rate: Average
Violent Crime Rate: Below Average
Property Crime Rate: Above Average

Demographics

Post-Secondary Education: Above Average 57%
No Certificate/Degree: Below Average 5.1%
Owner Occupied: Below Average 56.2%
Employment Rate: Below Average 48.4%

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

Sell Speed & Competition

66 / 100

Overall sell-speed score

Likely within weeks

B+

Price competition grade

Avg comparable: $1,268,682

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.19 km from station

Road / Highway noise

Possible — major road nearby

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How YALETOWN compares

This property

125 DOM

Slower than area

Yaletown avg

49 DOM

Average

Vancouver avg

49 DOM

Faster market

203 388 Drake Street has a sell-speed score of 66/100, placing it in the "Expected to sell within weeks" band. The listing is priced 5.9% below comparable active properties in Yaletown, which is a strong competitive signal. The local market is currently a Balanced Market with a sales-to-active ratio of 16.1% and an area average of 49 days on market — conditions are balanced. With only 1245 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.

Climate Risk for V6B 6A8

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6B 6A8, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality B / Good

Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~3.7 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Vancouver currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.

Precipitation Increasing

Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Restaurants (259 nearby)

Ki isu japanese restaurant · 73 m · Restaurant
Alchemy · 83 m · Restaurant
Panago · 86 m · Fast Food

Shopping (243 nearby)

Posy · 79 m · Beauty Shop
Yaletown nails spa · 83 m · Beauty Shop
Is · 100 m · Hairdresser

Cafes (74 nearby)

Matchstick · 157 m · Cafe
Cha yuan · 157 m · Cafe
Faubourg paris · 182 m · Cafe

Groceries (66 nearby)

Ganache pâtisserie · 114 m · Bakery
Farm to table · 154 m · Supermarket
Martway · 190 m · Convenience

Healthcare (12 nearby)

The pharmacy yaletown · 123 m · Healthcare
Shoppers drug mart · 290 m · Healthcare
Yale i.d.a. pharmacy · 359 m · Healthcare

Gyms (4 nearby)

Baza dance studios · 256 m · Gym
Harbour dance centre · 749 m · Gym
Cycklus · 806 m · Gym

Transit (2 nearby)

Skytrain @ yaletown-roundhouse stn station · 186 m · Transit
Bus stop westbound lameys mill rd @ sitka square · 867 m · Transit

Schools NearBy

41 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.8 / 10	Distance 209 m
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 407 m
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 728 m
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 743 m
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	0	Distance 804 m
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	0	Distance 806 m
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 915 m
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	0	Distance 936 m
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.05 KM
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.21 KM
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 1.30 KM
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 1.36 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info —	2.1 / 10	Distance 1.38 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 1.42 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 1.42 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 1.47 KM
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 1.51 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 1.61 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.74 KM
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.74 KM
Lord Roberts Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.80 KM
Century High School	Independent	Grades Served 10-12	Catchment Info —	5.7 / 10	Distance 1.89 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.2 / 10	Distance 2.00 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 2.09 KM
Columbia College	Independent	Grades Served 11-12	Catchment Info —	0	Distance 2.14 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.17 KM
Lord Tennyson Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.20 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.20 KM
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 2.26 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.27 KM
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 2.28 KM
St. Augustine's	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 2.29 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.37 KM
Mount Pleasant Elementary School	Public	Grades Served K-7	Catchment Info —	5.3 / 10	Distance 2.43 KM
St. John's School	Independent	Grades Served K-12	Catchment Info —	9.8 / 10	Distance 2.55 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 2.62 KM
Florence Nightingale Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.64 KM
Fraser Academy	Independent	Grades Served 2-12	Catchment Info —	6.2 / 10	Distance 2.66 KM
Westside Montessori	Independent	Grades Served K	Catchment Info —	0	Distance 2.79 KM
Vancouver Talmud Torah Elementary School	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 2.86 KM
York House School	Independent	Grades Served K-12	Catchment Info —	9.3 / 10	Distance 2.99 KM

Pre-computed routes from 203 388 Drake St, Vancouver, BC

203 388 Drake St, Vancouver, BC Yaletown-Roundhouse 0.2 km

9 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Yaletown-Roundhouse → Waterfront
9 min
Metrotown, Burnaby via Yaletown-Roundhouse → Metrotown
27 min
SFU Burnaby via Yaletown-Roundhouse → Production Way
34 min
Richmond Centre via Yaletown-Roundhouse → Brighouse
26 min
YVR Airport via Yaletown-Roundhouse → YVR-Airport
27 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
2 min
Metrotown, Burnaby via Lougheed Hwy
12 min
SFU Burnaby via Gaglardi Way
18 min
Richmond Centre via No. 3 Rd
14 min
YVR Airport via Bridgeport / Sea Island
12 min

Calculate your commute

203 388 Drake St, Vancouver, BC is ideally located for commuters. The property is 0.2 km from Yaletown-Roundhouse, with a 9 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Pacific Blvd @ Drake St (0.02 km). Walk Score Transit rating: Rider's Paradise (97/100).

Walkability & Transit Near 203 388 Drake Street

Car-Dependent 98

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 97

Transit Score - Rider's Paradise

World-class public transportation

Somewhat
Bikeable 86

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 203 388 Drake Street

2026 assessed value, sourced from City of Vancouver open data (PID 019-049-340).

Total Assessed Value (2026)

$1,098,000

-14.9% YoY

-2.6%/yr over 4 yr

2022 Value Trend 2026

Land

$683,000

Buildings

$415,000

Year Built

1995

Class

Comprehensive Development

Zoning

CD-1 (266)

Property Tax

$3,695

Year	Land	Improvements	Total Assessed	YOY Change
2026	$683,000	$415,000	$1,098,000	-14.9%
2025	$803,000	$488,000	$1,291,000	-0.8%
2024	$810,000	$492,000	$1,302,000	+10.1%
2023	$736,000	$447,000	$1,183,000	-2.9%
2022	$603,000	$615,000	$1,218,000	—

Mortgage Calculator for 203 388 Drake Street

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $336

Maintenance fee 1002.06

Based on a 30-year fixed at 4% interest with 20% down ($239,600), the estimated monthly payment for this listing is $5,914/month — $4,576 principal & interest, $336 property tax, $1,002 maintenance fee.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Listing data last synced: Jul 7, 2026

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Maintenance Fee

Rental Income

Vacancy Rate

Down Payment

Down Payment (percent)

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

At an estimated rental income of $3,414/month, this property runs a $2,551/month shortfall after mortgage and carrying costs. Break-even requires approximately 65% down.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 203 388 Drake Street, Vancouver

Buy Vs Rent Calculator

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Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Quick summary

auto

5.9% below Yaletown avg

$1,198,000 vs $1,272,780 area average

Price/sqft: $965
Building: Governor's Tower
Annual tax: $4,026.69
Total monthly est.: $6,638
Walk Score: 98 — Walker's Paradise
Skytrain: 0.19 km
Flood risk: None
Crime rate: Average
Pets allowed: Cats OK, Dogs OK, Yes With Restrictions

School catchment

auto

Elementary: Elsie Roy Elementary School
Rating: 6.8/10
Distance: 0.21 km
Secondary: King George Secondary School
Distance: 2 km

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Renanza Realty

778-918-5990

Award-Winning REALTOR^® with 13+ Years of Experience Serving Greater Vancouver

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Potential Cashback for this listing if you buy with us

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Walkability & Transit Near 203 388 Drake Street

Car-Dependent 98

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 97

Transit Score - Rider's Paradise

World-class public transportation

Somewhat
Bikeable 86

Bike Score - Very Bikeable

Biking is convenient for most trips

More Listings in This Building

$999,000

203 388 Drake St, Vancouver BC - Apartment/Condo for Sale - MLS# R3119190

Photos

Property Details for 203 388 Drake Street

Interior Features

Exterior Features

Building Details

Lot & Land

Property Timeline

Map & Neighbourhood

Sell Speed & Competition

Climate Risk for V6B 6A8

Nearby Restaurants, Cafes & Shops

Restaurants (259 nearby)

Shopping (243 nearby)

Cafes (74 nearby)

Groceries (66 nearby)

Healthcare (12 nearby)

Gyms (4 nearby)

Transit (2 nearby)

Schools NearBy

Elsie Roy Elementary School

Grades Served

Catchment Info

Distance

Claren Academy

Grades Served

Catchment Info

Distance

False Creek Elementary School

Grades Served

Catchment Info

Distance

False Creek Elementary

Grades Served

Catchment Info

Distance

Eaton Arrowsmith School (Vancouver) Ltd

Grades Served

Catchment Info

Distance

Pattison High School

Grades Served

Catchment Info

Distance

The Westside School

Grades Served

Catchment Info

Distance

Lowell High School

Grades Served

Catchment Info

Distance

Canada Royal Arts High School

Grades Served

Catchment Info

Distance

Columbia Academy

Grades Served

Catchment Info

Distance

Queen Alexandra Elementary School

Grades Served

Catchment Info

Distance

St. Lawrence School

Grades Served

Catchment Info

Distance

Lord Strathcona Community Elementary School

Grades Served

Catchment Info

Distance

Madrona School

Grades Served

Catchment Info

Distance

Franklin School

Grades Served

Catchment Info

Distance