CONDOS FOR SALE

GASTOWN

  • Downtown Suites Ltd. BBB Business Review

508 789 Drake Street
Downtown VW Vancouver V6Z 2N7

$412,500
Residential beds: 0 baths: 1.0 409 sq. ft. built: 1991

Living area featuring a view of city, a baseboard heating unit, and wood finished floors
Photo 1: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 2: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 3: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 4: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 5: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 6: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 7: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 8: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 9: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 10: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 11: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 12: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 13: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 14: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 15: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 16: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 17: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 18: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 19: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 20: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 21: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 22: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 23: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 24: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 25: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 26: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 27: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 28: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 29: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 30: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 31: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Photo 32: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
Status:
Active
Prop. Type:
Residential
MLS® Num:
R2998082
Bathrooms:
1
Year Built:
1991
Immaculate studio in Downtown Vancouver. Thoughtfully designed with quality finishes and a sleek built-in Murphy bed that maximizes space and functionality. This exceptionally maintained unit is located in a proactive building with major upgrades already completed, offering long-term peace of mind. Walk to top restaurants, cafes, nightlife, groceries, transit, and University Canada West. Perfect for students, investors, or young professionals seeking a stylish home in a vibrant, inclusive, and walkable neighborhood. Offers excellent rental potential with a strong cap rate, low maintenance needs, and high desirability. A turn-key property in one of Vancouver’s most connected and exciting communities. Don’t miss this rare opportunity! OPEN HOUSE SAT & SUN, 2-4pm
Property Type:
Residential
Dwelling Type:
Apartment/Condo
Home Style:
One Level
Common Interest:
Condominium
Year built:
1991 (Age: 34)
Living Area:
409 sq. ft.
Building Area - Total:
409 sq. ft.
Levels:
One
Bedrooms:
0 (Above Grd: 0)
Bathrooms:
1.0 (Full:1/Half:0)
Num Storeys:
19
Taxes:
$0 / -
Outdoor Area:
Garden, Balcony
Plan:
VAS2692
Construction Materials:
Concrete, Concrete Frame, Concrete (Exterior), Glass (Exterior), Mixed (Exterior)
No. Floor Levels:
1.0
Floor Area Fin - Above Main:
0 sq. ft.
Floor Area Fin - Above Main 2:
0 sq. ft.
Floor Area Fin - Main:
409 sq. ft.
Floor Area Fin - Total:
409 sq. ft.
Patio And Porch Features:
Patio, Deck
Parking Features:
Additional Parking, Underground, Front Access
Parking:
Additional Parking, Underground
Parking Total/Covered:
0 / 0
Title to Land:
Freehold Strata
Minimum 6 months
Elevator
Garden, Balcony
Garden, Laundry In Common Area, Clubhouse, Recreation Facilities, Elevator
Clubhouse, Trash, Maintenance Grounds, Management, Recreation Facilities, Snow Removal
1
Laundry In Common Area, Clubhouse, Elevator
Common Area
Association Fee:
$299.00
Age Restrictions:
No
By-Law Restrictions:
Pets Not Allowed
Pets Allowed:
No Cats, No Dogs, No
Cats:
No Cats
Dogs:
No Dogs
# Units in Development:
122
Home Owners Association:
Yes
Land Lease:
No
Utilities:
Community, Electricity Connected, Water Connected
  • Photo 1: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Living area featuring a view of city, a baseboard heating unit, and wood finished floors
  • Photo 2: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Living room with baseboards, baseboard heating, and light wood-type flooring
  • Photo 3: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Interior space with rail lighting, a wealth of natural light, and light wood finished floors
  • Photo 4: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Bedroom featuring track lighting, refrigerator, and wood finished floors
  • Photo 5: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Living room with wood finished floors, rail lighting, and a baseboard heating unit
  • Photo 6: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Dining room featuring baseboards, floor to ceiling windows, rail lighting, and wood finished floors
  • Photo 7: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Dining area featuring a baseboard heating unit, a wall of windows, and wood finished floors
  • Photo 8: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Balcony with a city view
  • Photo 9: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Balcony featuring a city view
  • Photo 10: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Balcony featuring a city view
  • Photo 11: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Exterior space featuring a view of city
  • Photo 12: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Kitchen featuring a sink, marble finish floor, under cabinet range hood, white appliances, and white cabinetry
  • Photo 13: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Kitchen featuring white cabinets, light stone counters, a sink, range, and white microwave
  • Photo 14: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Kitchen with white cabinetry, under cabinet range hood, and white range with electric cooktop
  • Photo 15: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Corridor featuring baseboards, a sink, and wood finished floors
  • Photo 16: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Bathroom featuring toilet, baseboards, marble finish floor, and vanity
  • Photo 17: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Bathroom featuring bathing tub / shower combination
  • Photo 18: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Bedroom featuring hardwood / wood-style flooring and a baseboard radiator
  • Photo 19: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Bedroom featuring light wood-style floors, a baseboard radiator, and a view of city
  • Photo 20: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Bedroom featuring baseboards and wood finished floors
  • Photo 21: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Bedroom featuring track lighting, baseboards, freestanding refrigerator, and wood finished floors
  • Photo 22: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Bedroom featuring track lighting, a baseboard heating unit, and wood finished floors
  • Photo 23: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Entrance to property with fence, a gate, and stucco siding
  • Photo 24: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    View of property featuring a city view
  • Photo 25: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Photo 25 of 32
  • Photo 26: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Photo 26 of 32
  • Photo 27: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Surrounding community featuring a water view
  • Photo 28: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Photo 28 of 32
  • Photo 29: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    View of property
  • Photo 30: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Cafe and Fresh St Market
  • Photo 31: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    Photo 31 of 32
  • Photo 32: 508 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2998082
    View of layout

Virtual Tour

Listed by Century 21 In Town Realty
Data was last updated May 13, 2025 at 12:40 AM (UTC)
Area Statistics
Listings on market:
570
Avg list price:
$799,450
Min list price:
$350,000
Max list price:
$17,800,000
Avg days on market:
54
Min days on market:
3
Max days on market:
676
Avg price per sq.ft.:
$1,097.4
These statistics are generated based on the current listing's property type and located in Downtown VW. Average values are derived using median calculations.
Nicholas Meyer
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Introducing Gastown

gastown2Gastown is the oldest neighbourhood in downtown Vancouver.

The original fledgling city was centred around what is now Gassy Jack Square but burnt down in the Great Fire of 1886.  The Alhambra on Carrall Street is now the oldest building in Vancouver.  The area is host to a wide variety of different stratas of society.  For many years the area fell into decay and became a ghetto for the homeless and many addicts of various substances.  However, with its proximity to the downtown core and its interesting heritage architecture it became a place of choice for many of the City’s artistic community and slowly a renaissance began.  Many of the original residents are still living here but in much improved housing thanks to the City.

Most if not all of the seriously bad old rooming houses have been renovated, The Pennsylvania, Ranier and Alhambra Hotels on  Carrall Street are probably the most recent renovations and look wonderful.  Hopefully, with more funding more of these old buildings can be restored. The area is gradually being gentrified but with sensitivity.

Several pioneers have led the way for the alternative self owned housing that is now flourishing in the neighbourhood.  The first self owned building was Mission House at 150 Alexander, this 1911 structure was refitted in the mid ’80’s and soon several other developers  at 27 Alexander (The Alexis), 41 Alexander (The Captain French) and 55 Alexander  gradually started to build and renovate.

Some of the other notable loft buildings in the area are 28 Powell, its neighbour The Globe, and Abbott Place at 233 Abbott.   Then about 14 years ago, Brad Holme, an old high school (Magee) friend of Nicholas Meyer, President of Downtown Suites, started to build some loft buildings on Cordova Street, The Van Horne (171 lofts) and Carrall Station (71 lofts).  Nicholas also has been part of the process serving on the City’s Carrall Street Greenway Steering Committee, the Gastown Historic Committee and several strata councils.

Currently,  there has been restoration of some wonderful architecture on Water Street, namely The Taylor Building across from the Steam clock at 310 Water, The Terminus, The Garage and The Bowman Block and Paris and the Paris Annex close by.

What were once run down old buildings are now very chic and home to fine restaurants, unique pubs i.e. The Irish Heather, boutiques and city residences; some of which are costing well in excess of a million dollars.  Possibly, the most notable contribution is the recent transformation of Woodward’s, an old department store bounded by Hastings, Cordova, Abbott and Cambie Streets.  The new version, still has the old original store but there are two towers (42 and 30 stories respectively) which will probably be the catalyst to transform the area forever. It now houses Simon Fraser University (SFU) School for the Contemporary Arts as well as banks and shopping.  Also close by with several campuses is the world renowned Vancouver Film School (VFS).

 

 

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Two words best describe Nic, Consummate Professional. Nic get’s the job done, quickly, quietly and most effectively and that is all you can ask. Without knowing me, he set up several introductions with major property developers in Lower Mainland and helped me provide my investors several viable options to expand their portfolios.
I’ve known and worked with Nicholas for the past 20 years. When it comes to rental suites, nobody knows the market better than him. You will always be satisfied utilizing not only his services but his knowledge is incredible.




I have worked with Nic and His staff since 2005 and found him and his staff to be the BEST Property managers in Vancouver… My downtown clients swear by him as well…. Reliable, Dependable 1st Class

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Leadership qualities that set an example for others to aspire to. Building a lasting foundation of integrity in the marketplace. Nicholas, is a model for anyone to follow. Balancing a healthy lifestyle, with a successful business model in 2015.
All dealings with Nicholas have been businesslike and have reached a successful conclusion. Throughout our dealings he was honourable and ethical, making our relationship positively conclusive.I have known Nicholas for approximately 15 years.