705 388 Drake St — Vancouver West


$ 1,198,800 FOR SALE MLS# R3164597
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Located in vibrant Yaletown at prestigious Governors Tower, this bright southeast-facing 2-bedroom, 2-bathroom home features a versatile den, functional layout, abundant natural light, and captivating views of David Lam Park and False Creek. Enjoy a huge in-suite storage room rarely found in the building. The well-maintained building offers upgraded envelope, piping, elevators and lobby. Building also offers 24-hour concierge, indoor pool, hot tub, sauna, landscaped garden, and children’s playground. Steps to the seawall, parks, restaurants, cafés, shops and SkyTrain, with convenient transit to downtown, Richmond, Burnaby, Chinatown and the airport. A true Yaletown gem! Open House Sun Sept 27th 2-4pm
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.

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Property Details

Bedrooms2
Bathrooms2
Living Area1,206 sqft
Property TypeResidential – Apartment/Condo
MLS® R3164597
StatusActive
Listing BrokerRennie & Associates Realty Ltd.

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed

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Market Overview

Yaletown · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos278
Median Asking Price $ 998,000 $ 1,198,800
Median Price per SqFt $1,099 $994
Median Days on Market 59
Sold Properties Oct 2026Sep 2026Oct 2025
Condos 11 ▼75.0% 30 44
Median Selling Price $ 899,900 ▲9.8% $ 1,062,500 $ 819,500
Median Price per SqFt $1,063 ▼2.9% $1,117 $1,095
Median Days on Market 371923
Median Discount Off Ask 4.2%3.0%3.7%
New Listings 119233
Months of Inventory 8.2

At the current sales pace, it would take about 8 months to sell all the homes currently for sale here — a Balanced market.

SELLER'S
BALANCED
BUYER'S

Homes for sale and active buyers are fairly evenly matched, so neither side has a clear advantage.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

Yaletown: Number of Sales

Yaletown: Median Sold Price

Yaletown: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for Yaletown. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.