203 388 Drake Street — Vancouver West


$ 1,198,000 FOR SALE MLS# R3119190
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Governor’s Tower in Yaletown, this updated 3-bedroom home offers 1,241 sf of efficient interior and enjoys beautiful views of David Lam Park and False Creek. Thoughtfully redesigned featuring custom millwork, integrated living-room cabinetry, and full-height panelling in the primary suite. The open kitchen connects to the dining area with a generous breakfast bar, creating a natural gathering space oriented to the park and water. The primary suite features a walk-in closet and ensuite, while marble bathrooms and updated hardwood flooring add a refined feel. 1 parking and 1 storage locker are provided. Amenities include a concierge, an indoor pool, a hot tub, a sauna, and a gym. Ideally located in the heart of Yaletown, steps from the seawall and with numerous dining and shopping options.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms3
Bathrooms2
Living Area1,241 sqft
Property TypeResidential – Apartment/Condo
MLS® R3119190
StatusActive
Listing BrokerEngel & Volkers Vancouver

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
Condos288
Median Asking Price $ 998,000 $ 1,198,000
Median Price per SqFt $1,095 $965
Median Days on Market 63
Sold Properties Sep 2026Aug 2026Sep 2025
Condos 22 ▼40.5% 31 37
Median Selling Price $ 1,214,000 ▲34.9% $ 965,000 $ 900,000
Median Price per SqFt $1,130 ▲5.3% $1,083 $1,073
Median Days on Market 281742
Median Discount Off Ask 3.2%4.0%4.7%
New Listings 835555
Months of Inventory 8.6

At the current sales pace, it would take about 9 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

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.