Home Vancouver, BC Yaletown Parkview Tower 701 289 Drake Street

701 289 Drake St, Vancouver BC - Apartment/Condo for Sale - MLS# R3156767

1 day on the market

$1,350,000

Est. Mortgage $5,972/mo

Listing updated: Aug 18, 2026 at 03:04pm

EstateBlock checked: Aug 19, 2026 at 03:20am

Parkview Tower

2 Beds

3 Baths

1438 sqft

939 $ /sqft

903.72 $ Maint. fee

1993 built

NEW

1 day on the market

$1,350,000

Est. $5,972/mo with 20% down

Listing updated: Aug 18, 2026 at 03:04pm

EstateBlock checked: Aug 19, 2026 at 03:20am

Photos

Exterior Front Photo of 701 289 Drake Street, Vancouver, BC

Exterior Rear Photo of 701 289 Drake Street, Vancouver, BC

Living Room Photo of 701 289 Drake Street, Vancouver, BC

Family Room Photo of 701 289 Drake Street, Vancouver, BC

Dining Area Photo of 701 289 Drake Street, Vancouver, BC

Kitchen Photo of 701 289 Drake Street, Vancouver, BC

Kitchen Island Photo of 701 289 Drake Street, Vancouver, BC

Pantry Photo of 701 289 Drake Street, Vancouver, BC

Breakfast Nook Photo of 701 289 Drake Street, Vancouver, BC

Primary Bedroom Photo of 701 289 Drake Street, Vancouver, BC

This 1,438 sq ft two-level residence offers tasteful updates and a rarely available city-home layout in the heart of Yaletown. Just steps from the seawall, David Lam Park, the Canada Line, Urban Fare, and much more shopping and dining. Amenities include an indoor pool, hot tub, sauna, fitness centre, and rooftop garden. Parking and locker included.

Interior Features

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

Exterior Features

Exterior Features	No Outdoor Area
Structures	Multi Family, Residential Attached

Building Details

Price	$1,350,000
Total Bedrooms	2
Total Bathrooms	3
Full Bathrooms	2
Half Bathrooms	1
Floor Area Total (sqft)	1438
Year Built	1993
Age Of Building	33
Building Type	Apartment/Condo
Property Type	Residential
Stories	2
Building Amenities	Exercise Centre, Sauna/Steam Room, Trash, Heat, Hot Water, Sewer, Water
Building Name	Parkview Tower
Ownership Type	Freehold Strata
Maintenance Fee	$903.72
Amenities Nearby	Exercise Centre, Sauna/Steam Room, Trash, Heat, Hot Water, Sewer, Water
Utility Type	Electricity Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Garage Under Building, Guest
Total Parking Spaces	1
Strata Restrictions	Pets Not Allowed,Rentals Allwd w/Restrctns
Pet Restrictions	No Cats, No Dogs, No
Units In Development	100

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3156767
Area	Vancouver West
Neighbourhood	Yaletown
City	Vancouver
Postal Code	V6B 5Z6
Gross Taxes	$4,392.97
Zoning	CD-1

Property Timeline

Status	Date	Price
R3156767 / Active	08-18-2026	$1,350,000

Rooms

Floor	Type	Dimensions
Main Level	Foyer	6'2 x 6'2 ft
Main Level	Dining Room	9'6 x 9'6 ft
Main Level	Kitchen	9'5 x 9'5 ft
Main Level	Living Room	12'11 x 12'11 ft
Main Level	Flex Room	9'8 x 9'8 ft
Below	Primary Bedroom	11'5 x 11'5 ft
Below	Bedroom	8'3 x 8'3 ft
Below	Den	9'2 x 9'2 ft
Below	Storage	7'11 x 7'11 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#2
Below	No	#3
Below	Yes	#3

Listed by: Oakwyn Realty Ltd.

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 1.99 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 0.35 km 9/10
Secondary
Pattison High School: 0.77 km

Closest Transit

Bus Stop
Westbound Pacific Blvd @ Drake St: 0.06 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn: 0.12 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

63 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $1,517,400

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.12 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

1 DOM

Very fast

Yaletown avg

49 DOM

Average

Vancouver avg

49 DOM

Slower market

701 289 Drake Street has a sell-speed score of 63/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 12.4% 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 may take several weeks to attract serious offers.

Climate Risk for V6B 5Z6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6B 5Z6, 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 (268 nearby)

Ki isu japanese restaurant · 29 m · Restaurant
Panago · 36 m · Fast Food
Alchemy · 40 m · Restaurant

Shopping (254 nearby)

Yaletown nails spa · 26 m · Beauty Shop
Posy · 32 m · Beauty Shop
Is · 41 m · Hairdresser

Cafes (78 nearby)

Cha yuan · 100 m · Cafe
Faubourg paris · 120 m · Cafe
Starbucks · 146 m · Cafe

Groceries (66 nearby)

Ganache pâtisserie · 78 m · Bakery
Martway · 129 m · Convenience
Farm to table · 176 m · Supermarket

Healthcare (12 nearby)

The pharmacy yaletown · 67 m · Healthcare
Shoppers drug mart · 298 m · Healthcare
Yale i.d.a. pharmacy · 364 m · Healthcare

Gyms (4 nearby)

Baza dance studios · 274 m · Gym
Harbour dance centre · 705 m · Gym
Cycklus · 745 m · Gym

Transit (2 nearby)

Skytrain @ yaletown-roundhouse stn station · 125 m · Transit
Bus stop eastbound davie st @ thurlow st · 870 m · Transit

Schools NearBy

40 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 213 m
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 351 m
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	0	Distance 774 m
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 775 m
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 790 m
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	0	Distance 811 m
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 853 m
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	0	Distance 874 m
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.09 KM
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.15 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info —	2.1 / 10	Distance 1.32 KM
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 1.36 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 1.36 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 1.36 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 1.42 KM
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 1.42 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 1.55 KM
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 1.57 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.77 KM
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.80 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 1.95 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.2 / 10	Distance 1.99 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 2.07 KM
Columbia College	Independent	Grades Served 11-12	Catchment Info —	0	Distance 2.10 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.17 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.19 KM
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 2.23 KM
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 2.24 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.26 KM
Lord Tennyson Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.26 KM
St. Augustine's	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 2.35 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.40 KM
Mount Pleasant Elementary School	Public	Grades Served K-7	Catchment Info —	5.3 / 10	Distance 2.40 KM
St. John's School	Independent	Grades Served K-12	Catchment Info —	9.8 / 10	Distance 2.61 KM
Florence Nightingale Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.61 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 2.66 KM
Fraser Academy	Independent	Grades Served 2-12	Catchment Info —	6.2 / 10	Distance 2.72 KM
Westside Montessori	Independent	Grades Served K	Catchment Info —	0	Distance 2.83 KM
Vancouver Talmud Torah Elementary School	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 2.90 KM

Pre-computed routes from 701 289 Drake St, Vancouver, BC

701 289 Drake St, Vancouver, BC Yaletown-Roundhouse 0.1 km

8 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Yaletown-Roundhouse → Waterfront
8 min
Metrotown, Burnaby via Yaletown-Roundhouse → Metrotown
26 min
SFU Burnaby via Yaletown-Roundhouse → Production Way
33 min
Richmond Centre via Yaletown-Roundhouse → Brighouse
25 min
YVR Airport via Yaletown-Roundhouse → YVR-Airport
26 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

701 289 Drake St, Vancouver, BC is ideally located for commuters. The property is 0.1 km from Yaletown-Roundhouse, with a 8 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Pacific Blvd @ Drake St (0.06 km). Walk Score Transit rating: Rider's Paradise (97/100).

Walkability & Transit Near 701 289 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 — 701 289 Drake Street

2026 assessed value, sourced from City of Vancouver open data (PID 018-374-581).

Total Assessed Value (2026)

$1,266,000

-7.5% YoY

-1.1%/yr over 4 yr

2022 Value Trend 2026

Land

$882,000

Buildings

$384,000

Year Built

1993

Class

Comprehensive Development

Zoning

CD-1 (266)

Property Tax

$4,259

Year	Land	Improvements	Total Assessed	YOY Change
2026	$882,000	$384,000	$1,266,000	-7.5%
2025	$953,000	$415,000	$1,368,000	-6.2%
2024	$1,016,000	$442,000	$1,458,000	+6.9%
2023	$950,000	$414,000	$1,364,000	+3.0%
2022	$846,000	$478,000	$1,324,000	—

Mortgage Calculator for 701 289 Drake Street

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $366

Maintenance fee 903.72

Financing 80% of the $1,350,000 asking price over 30 years at 4% results in approximately $6,426/month in total estimated carrying costs, $366 property tax, $904 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: Aug 18, 2026

Investment Cashflow Calculator

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Break Even Down Payment 0%

Cap Rate

Cash on Cash

This listing generates an estimated $3,848/month in rental income, leaving a -$2,636/month cashflow at current carrying costs. Investors targeting break-even would need roughly 61% down.

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

Estateblock Rent Estimate for 701 289 Drake Street, Vancouver

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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.