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$399,000

206 950 DRAKE STREET

Vancouver · MLS® R3162340

1 bed · 1 bath · 573 sq ft · 0 parking

Condo · Single Family · built 1978 · 29 days on market

Listed by Keith Roy, RE/MAX Select Realty

A smart downtown option at Anchor Point! Offering 573 sq. ft. of interior space, this 1-bedroom home features an efficient floor plan with a private balcony and excellent everyday functionality. Set in a concrete building at Drake & Burrard, residents enjoy access to a rooftop deck, landscaped courtyard and gardens, lounge/recreation space, bike room, and shared laundry. 1 storage included, plus underground parking available through strata for just $40/month. From here, the seawall, transit, shopping, dining and recreation are all within easy reach, giving you convenient access to both the downtown core and Vancouver´s waterfront. An accessible entry point into downtown ownership with space, location and practical amenities all in one.

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 573 sq ft
Parking: 0
Year built: 1978
Property tax: $1,536 / yr
Strata fee: $461 / mo ($0.80 / sq ft)
Strata rules: Pets not Allowed, Rentals Allowed With Restrictions
Days on market: 29
MLS®: R3162340

Below typical for the area (-32%)

2026 assessment: $456,500 · asking is -13%
Price per sq ft: $696 vs $1,020 median for condos in Vancouver for sale (2065)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Central location
Elevator
Pets not Allowed
Rentals Allowed With Restrictions
Refrigerator
Stove

On market 29 days

Listed now: 41 days; median for 2065 condos for sale; this one 29 days

Condos in Vancouver. Sale prices register 1 to 3 months after a sale closes.

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Vancouver School Board

Elementary Roberts Elementaryhomes in this catchment
1.2 km away · 1100 Bidwell St, Vancouver · 604-713-5055
Secondary King George Secondaryhomes in this catchment
1.4 km away · 1755 Barclay St, Vancouver · 604-713-8999

From the Vancouver School Board's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

$2,327/mo

Mortgage $1,738 · Tax $128 · Strata $461

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,738/ monthly

loan $319,200

25-year amortization

down payment20% · $79,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $202,321
property transfer tax: $5,980; BC general rate
cash to close: $85,780; down + PTT
total paid: $521,521

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $2,112/mo
After all costs: −$419/mo
Cap rate: 4.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,738 · tax $128 · strata $461 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-bedroom in Downtown, Vancouver (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Vancouver also charges an empty homes tax. vancouver.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

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