Home Vancouver, BC Downtown VW Anchor Point 902 950 Drake Street

902 950 Drake St, Vancouver BC - Apartment/Condo for Sale - MLS# R3157967

16 days on the market

$340,000

Est. Mortgage $1,504/mo

Listing updated: Sep 2, 2026 at 11:24am

EstateBlock checked: Sep 6, 2026 at 03:30am

Anchor Point 2

0 Beds

1 Baths

468 sqft

726 $ /sqft

376 $ Maint. fee

1977 built

18.7% cheaper than comps

16 days on the market

$340,000

$350,000

Est. $1,504/mo with 20% down

Listing updated: Sep 2, 2026 at 11:24am

EstateBlock checked: Sep 6, 2026 at 03:30am

Photos

Exterior Front Photo of 902 950 Drake Street, Vancouver, BC

Exterior Rear Photo of 902 950 Drake Street, Vancouver, BC

Living Room Photo of 902 950 Drake Street, Vancouver, BC

Family Room Photo of 902 950 Drake Street, Vancouver, BC

Dining Area Photo of 902 950 Drake Street, Vancouver, BC

Kitchen Photo of 902 950 Drake Street, Vancouver, BC

Kitchen Island Photo of 902 950 Drake Street, Vancouver, BC

Pantry Photo of 902 950 Drake Street, Vancouver, BC

Breakfast Nook Photo of 902 950 Drake Street, Vancouver, BC

Primary Bedroom Photo of 902 950 Drake Street, Vancouver, BC

This penthouse studio offers a fantastic layout with a spacious bathroom, generous closet space, and a covered north-facing balcony. It also includes a large external storage locker for added convenience. The location is unbeatable — just steps from cafes, restaurants, shops, and only a short walk to the seawall. The building features an impressive rooftop patio with garden plots, outdoor seating, and an indoor lounge/party room. Parking is available to rent for $40/month for the first stall and $60/month for a second. Perfect for first-time buyers or investors. Come take a look!

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Refrigerator, Stove
Interior Features	Elevator
Fireplace	0
Heating Type	Baseboard
Laundry	Common Area
# of Kitchens	1
Flooring	Concrete
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Garden, Balcony
View Description	City
Roof	Other
Structures	Multi Family, Residential Attached

Building Details

Price	$340,000
Total Bedrooms	0
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	468
Year Built	1977
Age Of Building	49
Building Type	Apartment/Condo
Property Type	Residential
Architecture Style	Penthouse, Bachelor/Studio
Stories	1
Building Amenities	Bike Room, Clubhouse, Trash, Hot Water, Snow Removal
Building Name	Anchor Point 2
Ownership Type	Freehold Strata
Maintenance Fee	$376
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Clubhouse, Trash, Hot Water, Snow Removal
Utility Type	Electricity Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Garage Under Building, Rear Access
Total Parking Spaces	1
Strata Restrictions	Pets Not Allowed,Rentals Allowed
Pet Restrictions	No
Rental Suites	None
Units In Development	141

Lot & Land

Lot Size Frontage	0
MLS^® #	R3157967
Area	Vancouver West
Neighbourhood	Downtown VW
City	Vancouver
Postal Code	V6Z 2B9
Gross Taxes	$1,364
Zoning	DD

Property Timeline

Status	Date	Price
R3157967 / Active	08-21-2026	$340,000
to view full Property History (2 earlier records)

Rooms

Floor	Type	Dimensions
Main Level	Kitchen	9' x 9' ft
Main Level	Dining Room	10'2 x 10'2 ft
Main Level	Living Room	19'7 x 19'7 ft
Main Level	Foyer	10'7 x 10'7 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4

Listed by: eXp Realty

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 0.85 km 6.8/10
Secondary
King George Secondary School: Average 1.42 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 0.67 km 9/10
Secondary
Pattison High School: 0.53 km

Closest Transit

Bus Stop
Southbound Burrard St @ Harwood St: 0.05 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn: 0.71 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 47%
No Certificate/Degree: Below Average 4.8%
Owner Occupied: Average 72.8%
Employment Rate: Below Average 24.4%

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

73 / 100

Overall sell-speed score

Likely within weeks

Price competition grade

Avg comparable: $403,580

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.71 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 DOWNTOWN VW compares

This property

16 DOM

Very fast

Downtown VW avg

49 DOM

Average

Vancouver avg

49 DOM

Slower market

902 950 Drake Street has a sell-speed score of 73/100, placing it in the "Expected to sell within weeks" band. The listing is priced 18.7% below comparable active properties in Downtown VW, 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 V6Z 2B9

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6Z 2B9, 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 (~4.3 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

Shopping (309 nearby)

Burly barber · 51 m · Hairdresser
Prép beauty parlour · 56 m · Beauty Shop
Puzzle e ride · 57 m · Bicycle Shop

Restaurants (294 nearby)

Sushi coen · 28 m · Fast Food
Maxine's cafe & bar · 63 m · Restaurant
Daikichi sushi · 64 m · Restaurant

Cafes (85 nearby)

Number e food · 31 m · Cafe
Yet's cafe · 40 m · Cafe
Starbucks · 90 m · Cafe

Groceries (70 nearby)

Burrard corner store · 76 m · Convenience
Sashimiya · 108 m · Supermarket
Sebastian and co fine meats · 155 m · Butcher

Healthcare (13 nearby)

Pure integrative pharmacy · 78 m · Healthcare
Pharmasave · 231 m · Healthcare
Yale i.d.a. pharmacy · 289 m · Healthcare

Gyms (3 nearby)

Baza dance studios · 381 m · Gym
Robert lee ymca · 590 m · Gym
Harbour dance centre · 660 m · Gym

Transit (2 nearby)

Skytrain @ yaletown-roundhouse stn station · 711 m · Transit
Bus stop eastbound davie st @ broughton st · 758 m · Transit

Schools NearBy

37 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	0	Distance 535 m
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 668 m
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.8 / 10	Distance 846 m
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.16 KM
Lord Roberts Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.18 KM
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.20 KM
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 1.22 KM
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.23 KM
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 1.24 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 1.29 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 1.29 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info —	2.1 / 10	Distance 1.39 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.2 / 10	Distance 1.42 KM
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	0	Distance 1.43 KM
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.44 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 1.46 KM
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.59 KM
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 1.59 KM
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 1.63 KM
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 1.68 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 1.69 KM
Century High School	Independent	Grades Served 10-12	Catchment Info —	5.7 / 10	Distance 1.92 KM
St. Augustine's	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 2.15 KM
Lord Tennyson Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.19 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.31 KM
St. John's School	Independent	Grades Served K-12	Catchment Info —	9.8 / 10	Distance 2.45 KM
Fraser Academy	Independent	Grades Served 2-12	Catchment Info —	6.2 / 10	Distance 2.55 KM
Columbia College	Independent	Grades Served 11-12	Catchment Info —	0	Distance 2.66 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 2.72 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.80 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.83 KM
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 2.85 KM
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 2.86 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.91 KM
Vancouver Technical Secondary School	Public	Grades Served 8-12	Catchment Info —	7.1 / 10	Distance 2.91 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.94 KM
Kitsilano Secondary School	Public	Grades Served 8-12	Catchment Info —	7.2 / 10	Distance 3.00 KM

Pre-computed routes from 902 950 Drake St, Vancouver, BC

902 950 Drake St, Vancouver, BC Yaletown-Roundhouse 0.7 km

16 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Yaletown-Roundhouse → Waterfront
16 min
Metrotown, Burnaby via Yaletown-Roundhouse → Metrotown
34 min
SFU Burnaby via Yaletown-Roundhouse → Production Way
41 min
Richmond Centre via Yaletown-Roundhouse → Brighouse
33 min
YVR Airport via Yaletown-Roundhouse → YVR-Airport
34 min

By car (off-peak)

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

Calculate your commute

902 950 Drake St, Vancouver, BC is ideally located for commuters. The property is 0.7 km from Yaletown-Roundhouse, with a 16 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound Burrard St @ Harwood St (0.05 km). Walk Score Transit rating: Rider's Paradise (94/100).

Walkability & Transit Near 902 950 Drake Street

Car-Dependent 99

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 94

Transit Score - Rider's Paradise

World-class public transportation

Somewhat
Bikeable 95

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

BC Assessment Value — 902 950 Drake Street

2026 assessed value, sourced from City of Vancouver open data (PID 006-298-311).

Total Assessed Value (2026)

$401,100

-2.8% YoY

-2.5%/yr over 4 yr

2022 Value Trend 2026

Land

$340,000

Buildings

$61,100

Year Built

1982

Class

Comprehensive Development

Zoning

Property Tax

$1,349

Year	Land	Improvements	Total Assessed	YOY Change
2026	$340,000	$61,100	$401,100	-2.8%
2025	$350,000	$62,700	$412,700	-4.4%
2024	$366,000	$65,600	$431,600	-4.5%
2023	$383,000	$68,800	$451,800	+1.8%
2022	$367,000	$77,000	$444,000	—

Mortgage Calculator for 902 950 Drake Street

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $114

Maintenance fee 376

With a 20% down payment, buyers can expect an estimated $1,789/month in total housing costs on this $340,000 property — $1,299 mortgage payment, $114 property tax, $376 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: Sep 2, 2026

Investment Cashflow Calculator

Property Tax (Monthly)

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Maintenance Fee

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Vacancy Rate

Down Payment

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Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

Based on $1,647/month estimated rent and $1,828/month in total housing costs, this property has a -$181/month cashflow. Break-even down payment: approximately 32%.

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

Estateblock Rent Estimate for 902 950 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.