CONDOS FOR SALE

GASTOWN

  • Downtown Suites Ltd. BBB Business Review

512 950 Drake Street
Downtown VW Vancouver V6Z 2B9

$499,000
Residential beds: 1 baths: 1.0 537 sq. ft. built: 1978

View of apartment building / complex
Photo 1: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 2: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 3: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 4: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 5: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 6: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 7: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 8: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 9: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 10: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 11: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 12: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 13: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 14: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 15: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 16: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 17: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Photo 18: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
Status:
Active
Prop. Type:
Residential
MLS® Num:
R3059873
Bedrooms:
1
Bathrooms:
1
Year Built:
1978
Located in the heart of downtown, this one-bedroom condo offers unmatched convenience near St. Paul’s Hospital, the Seawalk, and all the vibrant amenities the city has to offer. Whether you’re seeking a cozy urban getaway or a smart investment opportunity, this property is the perfect choice. Situated in an area with potential for high-density development, it’s an excellent opportunity for future growth. With strong rental potential, this condo makes a fantastic addition to any investor’s portfolio!
Property Type:
Residential
Dwelling Type:
Apartment/Condo
Home Style:
One Level
Ownership:
Freehold Strata
Common Interest:
Condominium
Year built:
1978 (Age: 47)
Living Area:
537 sq. ft.
Building Area - Total:
537 sq. ft.
Levels:
One
Bedrooms:
1 (Above Grd: 1)
Bathrooms:
1.0 (Full:1/Half:0)
Num Storeys:
0
Taxes:
$1,463.09 / 2025
Lot Frontage:
0'
Lot Details:
0 x 0.0
Outdoor Area:
Garden, Balcony
Plan:
VAS1183
Construction Materials:
Concrete Frame, Brick (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:
537 sq. ft.
Floor Area Fin - Total:
537 sq. ft.
Parking Features:
Underground
Parking:
Underground
Garden, Balcony
Garden, Laundry In Common Area, Bike Room
CITY VIEW
Bike Room, Caretaker, Trash, Maintenance Grounds, Management
Adult Oriented
Smoke Detector(s)
1
Smoke Detector(s)
Dishwasher, Refrigerator, Microwave, Laundry In Common Area, Bike Room
Dishwasher, Refrigerator, Stove, Microwave
Common Area
Association Fee:
$528.79
Age Restrictions:
No
Tax Utilities Included:
false
# Units in Development:
0
Home Owners Association:
Yes
Land Lease:
No
Utilities:
Community, Electricity Connected
Sewer:
Public Sewer
  • Photo 1: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    View of apartment building / complex
  • Photo 2: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Entrance to property with brick siding and french doors
  • Photo 3: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Building lobby featuring brick wall and high vaulted ceiling
  • Photo 4: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Kitchen with white appliances, light tile patterned flooring, exhaust hood, dark stone counters, and brown cabinetry
  • Photo 5: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Kitchen with white appliances, under cabinet range hood, light tile patterned flooring, dark stone counters, and tasteful backsplash
  • Photo 6: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Home office with light carpet, light tile patterned flooring, and baseboard heating
  • Photo 7: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Carpeted office featuring baseboard heating
  • Photo 8: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Office with a baseboard radiator and carpet flooring
  • Photo 9: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Bedroom with a baseboard radiator and carpet
  • Photo 10: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Carpeted bedroom featuring a textured wall and a baseboard heating unit
  • Photo 11: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Full bathroom featuring shower / bath combination with curtain, vanity, and tile patterned flooring
  • Photo 12: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Balcony with a view of city
  • Photo 13: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Miscellaneous room featuring concrete block wall and wood walls
  • Photo 14: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Washroom featuring independent washer and dryer
  • Photo 15: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    View of community featuring a patio area
  • Photo 16: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    View of community featuring a patio area and a garden
  • Photo 17: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Living room with healthy amount of natural light, a textured ceiling, carpet flooring, a view of city, and a baseboard heating unit
  • Photo 18: 512 950 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3059873
    Community lobby featuring a city view and a textured ceiling
Listed by Royal Pacific Tri-Cities Realty
Data was last updated October 21, 2025 at 07:40 PM (UTC)
Area Statistics
Listings on market:
444
Avg list price:
$809,950
Min list price:
$419,000
Max list price:
$8,800,000
Avg days on market:
62
Min days on market:
1
Max days on market:
574
Avg price per sq.ft.:
$1,055.15
These statistics are generated based on the current listing's property type and located in Downtown VW. Average values are derived using median calculations. This data is not produced by the MLS® system.
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.