CONDOS FOR SALE

GASTOWN

  • Downtown Suites Ltd. BBB Business Review

405 789 Drake Street
Downtown VW Vancouver V6Z 2N7

$462,900
Residential beds: 1 baths: 1.0 584 sq. ft. built: 1990

View of property featuring a view of city
Photo 1: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
Photo 2: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
Photo 3: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
Photo 4: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
Photo 5: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
Photo 6: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
Photo 7: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
Photo 8: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
Photo 9: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
Photo 10: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
Photo 11: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
Status:
Active
Prop. Type:
Residential
MLS® Num:
R3081499
Bedrooms:
1
Bathrooms:
1
Year Built:
1990
Downtown, centrally located closed to Howe Street/Drake Street next to Granville Bridge. Walk to the Beaches & ferry to Granville Island Market. Renovated kitchen & Bathroom, laminated flooring with large covered balcony. Walk to work in Downtown offices. Recreations & shopping close by. In-suite storage + parking rental at $70/m.
Property Type:
Residential
Dwelling Type:
Apartment/Condo
Home Style:
One Level
Ownership:
Freehold Strata
Common Interest:
Condominium
Year built:
1990 (Age: 36)
Living Area:
584 sq. ft.
Building Area - Total:
584 sq. ft.
Levels:
One
Bedrooms:
1 (Above Grd: 1)
Bathrooms:
1.0 (Full:1/Half:0)
Taxes:
$1,705.7 / 2025
Outdoor Area:
Balcony
Plan:
2692
Construction Materials:
Concrete, Concrete (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:
584 sq. ft.
Floor Area Fin - Total:
584 sq. ft.
Fireplaces:
0
Parking Features:
Garage Under Building, Front Access
Parking:
Garage Under Building
Elevator
Balcony
Laundry In Common Area, Sauna/Steam Room, Elevator
Sauna/Steam Room, Caretaker, Trash
Shopping Nearby
1
Refrigerator, Laundry In Common Area, Sauna/Steam Room, Elevator
Refrigerator, Stove
Common Area
Association Fee:
$395.00
Age Restrictions:
No
Tax Utilities Included:
false
By-Law Restrictions:
Pets Not Allowed
Pets Allowed:
No
# Units in Development:
122
Home Owners Association:
Yes
Land Lease:
No
Utilities:
Community
Sewer:
Public Sewer
  • Photo 1: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
    View of property featuring a view of city
  • Photo 2: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
    Living area featuring light wood-style flooring and a textured ceiling
  • Photo 3: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
    Dining space with light wood-style flooring and a textured ceiling
  • Photo 4: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
    Kitchen with stainless steel appliances, extractor fan, dark brown cabinets, and light stone countertops
  • Photo 5: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
    Kitchen with appliances with stainless steel finishes, light countertops, dark brown cabinetry, light wood-style flooring, and extractor fan
  • Photo 6: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
    Bedroom with wood finished floors and baseboards
  • Photo 7: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
    Bathroom with vanity and bathtub / shower combination
  • Photo 8: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
    View of storage
  • Photo 9: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
    View of balcony
  • Photo 10: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
    Dining room featuring floor to ceiling windows, a drop ceiling, and tile patterned floors
  • Photo 11: 405 789 Drake Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R3081499
    Shared laundry room featuring a drop ceiling, stacked washer / dryer, and washer and clothes dryer
Listed by Heller Murch Realty
Data was last updated February 5, 2026 at 11:40 PM (UTC)
Area Statistics
Listings on market:
325
Avg list price:
$799,000
Min list price:
$394,999
Max list price:
$8,800,000
Avg days on market:
70
Min days on market:
1
Max days on market:
675
Avg price per sq.ft.:
$1,060.15
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.