Condo building · Yaletown

388 Drake

5 homes are for sale at 388 Drake in Yaletown right now, with a median asking price of $1.2M.

For sale now

$1.27M

Median assessed value (2026)

$1.2M

Median asking price

$1,020

Median price / sq ft

$947

Median strata fee / month

1994

Year built

Median asking price is the middle asking price of the 5 homes for sale here. Median strata fee is the middle monthly strata figure among those homes — only listings that report a fee are counted, and a strata's official charges are in its Form B. Assessed values are BC Assessment's 2026 figures for all units in the building, not just homes for sale.

Building details

Pets: Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Storeys: 32
Parking: Garage Under Building, Underground, Guest, Concrete, Side Access, Asphalt, Front Access, Garage Single
Storage locker: Yes
Strata fee includes: Heat, Hot water
Property manager: First Service Residential
Homes for sale: 4× 2 bed, 1× 3 bed

Amenities

Bike Room
Exercise Centre
Sauna/Steam Room
Maintenance Grounds
Hot Water
Management
Recreation Facilities
Concierge
Caretaker
Trash
Heat

Pet rules, parking, amenities and fee inclusions are as reported on recent MLS® listings for this building — the building's official bylaws are in its strata documents.

507 – 388 Drake Street$849K
2 bed · 2 bath · 832 sq ft · strata $663/mo
MLS® R3134359 · Listed by RE/MAX Crest Realty
1206 – 388 Drake Street$980K
2 bed · 2 bath · 1164 sq ft · strata $947/mo
MLS® R3174522 · Listed by Framework Marketing Inc.
802 – 388 Drake Street$1.2M
2 bed · 2 bath · 1211 sq ft · strata $986/mo
MLS® R3156151 · Listed by eXp Realty of Canada Inc.
2505 – 388 Drake Street$1.29M
2 bed · 2 bath · 1202 sq ft · strata $961/mo
MLS® R3134834 · Listed by Nu Stream Realty Inc.
2101 – 388 Drake Street$1.4M
3 bed · 2 bath · 1214 sq ft · strata $939/mo
MLS® R3154485 · Listed by Prompton Real Estate Services Inc.

Get alerted when a unit lists here

Frank will let you know as soon as a home in 388 Drake comes up for sale.

Assessed values

BC Assessment values 135 units at 388 Drake for 2026, from $791K to $6.09M, with a median assessed value of $1.27M.

Homes for sale here are currently asking about 6% below the median assessed value.

Getting around

SkyTrain
Yaletown–Roundhouse (Canada Line) · 210 m, 3 min walk
Olympic Village (Canada Line) · 1.0 km, 13 min walk
Vancouver City Centre (Canada Line) · 1.1 km, 14 min walk

Nearby schools
Elsie Roy Elementary (elementary) · 210 m
Anchor Point Montessori (mixed) · 600 m
False Creek Elementary (elementary) · 750 m

Building permits nearby

550 DRAKE STREET, Vancouver, BC V6B 5Z5 · 2024 · $72M projectCertified Professional Program - New Building - To construct a new 41-storey mixed-use building consisting of: - 1st storey - residential lobby and entrance lob
450 PACIFIC STREET, Vancouver, BC · 2025 · $59.54M projectCertified Professional Program - New Building - To construct a new 7-storey wood frame housing development consisting of: 1 storey: four (4) residential units
1220 SEYMOUR STREET, Vancouver, BC V6B 3N9 · 2025 · $55M projectCertified Professional Program - New Building - To construct a new 9-storey mixed-use building with 1 level underground parking. The building will contain 3 co
1267 MARINASIDE CRESCENT, Vancouver, BC V6Z 2X5 · 2025 · $6.1M projectField Review - Addition / Alteration - To upgrade the existing hydronic heating water system to hydronic cooling and heating water system and modification of ex

Frank on Yaletown

Almost everything on the market is an apartment, with over two hundred condos averaging under a thousand square feet and very few three-bedroom layouts. Asking prices sit close to a million dollars, which suits buyers looking for compact strata living. Most buildings date to around 2002, with some from the late 1980s, and monthly strata fees run around $740. I suggest checking the depreciation report for upcoming levies and confirming exactly what those fees cover.