802 388 Drake Street — Vancouver West


$ 1,195,000 FOR SALE MLS# R3156151
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Waterfront views at Governor's Tower, an iconic signature residence by Concord Pacific in the heart of Yaletown. This spacious home offers 1,210 sq ft plus a rare balcony — one of the few in the building. False Creek water and David Lam Park views from the living room, office and balcony. Inside: 2 bedrooms, 2 baths, and two separate flex rooms — a generously sized den plus a dedicated office — genuine versatility for guests or working from home, with an open layout and abundant natural light. 2 parking and 1 storage locker included. Amenities include concierge, newly renovated indoor pool, hot tub, sauna, gym, and garden courtyard, insuite laundary.Steps to the Seawall,Elsie Roy Elementary, Roundhouse Community Arts, Canada line. OPEN HOUSE Wednesday 23 Sept 2-5 pm
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.

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Property Details

Bedrooms2
Bathrooms2
Living Area1,211 sqft
Property TypeResidential – Apartment/Condo
MLS® R3156151
StatusActive
Listing BrokereXp Realty of Canada Inc.

Property History

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

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Market Overview

Yaletown · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos280
Median Asking Price $ 998,500 $ 1,195,000
Median Price per SqFt $1,100 $987
Median Days on Market 65
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 755555
Months of Inventory 8.4

At the current sales pace, it would take about 8 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.