Open houseCondo
$1,195,000
802 388 DRAKE STREET
Vancouver51 days on market
MLS® R3156151
1 / 34
2 bed · 2 bath · 1,211 sq ft · 1 parking
Condo · Single Family · built 2022 · 30 days on market
Listed by Adam Senuik, Oakwyn Realty Ltd.
Realtor's description
2 Bed/Bath + Den Corner Unit Condo with AC, high ceilings, tons of natural light, river view & immaculate condition! Thoughtful layout with entry space, a bathroom separating the bedrooms & windows facing 3 directions. Chef's quality kitchen with premium appliances including a gas range, wall-oven, built-in microwave, fully integrated fridge/dishwasher & quartz countertop. In-floor heating in primary ensuite & a high efficiency heat pump system throughout for heating & cooling (AC). Strata fee includes: Heat/AC, hot water & gas. World class amenities: hot tub, daytime concierge, work hub, theatre room, 2 guest suites, dog wash, fitness facility, work shop & more! Steps from endless shops/restaurants & beautiful waterfront trails. 1 Parking (w/ EV). 1 Storage.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,211 sq ft
- Parking
- 1
- Year built
- 2022
- Property tax
- $3,249 / yr
- Strata fee
- $798 / mo ($0.66 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 30
- MLS®
- R3162869
Features
- Central location
- Elevator
- Pets Allowed
- All
Floor plans
Found among the listing photos.
Monthly cost
$5,116/mo
Mortgage $4,048 · Tax $271 · Strata $798
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,359/mo
- After all costs
- −$2,981/mo
- Cap rate
- 1.4%
- yearly net rent ÷ price
Costs: mortgage $4,048 · tax $271 · strata $798 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Southeast Vancouver, 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
Location
VancouverGoogle Maps ↗
Schools
Catchment schools, Vancouver School Board
- Elementary Champlain Heights Elementaryhomes in this catchment
1.6 km away · 6955 Frontenac St, Vancouver · 604-713-4760
- Secondary Killarney Secondaryhomes in this catchment
2.3 km away · 6454 Killarney St, Vancouver · 604-713-8950
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.
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