CONDOS FOR SALE

GASTOWN

  • Downtown Suites Ltd. BBB Business Review

116 950 Drake Street
Downtown VW Vancouver V6Z 2B9

$349,900
Residential beds: 1 baths: 1.0 463 sq. ft. built: 1978

*Virtually staged
Photo 1: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 2: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 3: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 4: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 5: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 6: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 7: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 8: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 9: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 10: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 11: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 12: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 13: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 14: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 15: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 16: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 17: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 18: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 19: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 20: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 21: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 22: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 23: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 24: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 25: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 26: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 27: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 28: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 29: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 30: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 31: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Photo 32: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
Status:
Active
Prop. Type:
Residential
MLS® Num:
R3102707
Bedrooms:
1
Bathrooms:
1
Year Built:
1978
Welcome to this bright and well-located 1 BED, 1 BATH home at Anchor Point, perfectly situated in the heart of downtown Vancouver. This functional home offers a comfortable layout with seamless flow between living, dining, and kitchen areas, ideal for first-time buyers or investors. Large windows bring in natural light and overlook a quiet courtyard. Enjoy access to rooftop patio with garden plots, and social lounge. Located steps to Davie Street, English Bay, Sunset Beach, and the Seawall, with easy access to Yaletown, cafés, restaurants, and everyday conveniences. Walk, bike, or take the False Creek Ferry to Granville Island, and enjoy some of Vancouver’s most iconic spots. A fantastic opportunity to own in one of the city’s most dynamic and walkable neighbourhoods.
Property Type:
Residential
Dwelling Type:
Apartment/Condo
Home Style:
One Level
Ownership:
Freehold Strata
Common Interest:
Condominium
Year built:
1978 (Age: 48)
Living Area:
463 sq. ft.
Building Area - Total:
463 sq. ft.
Levels:
One
Bedrooms:
1 (Above Grd: 1)
Bathrooms:
1.0 (Full:1/Half:0)
Num Storeys:
9
Taxes:
$1,305.91 / 2025
Outdoor Area:
Garden
Plan:
VAS1183
Name of Complex/Subdivision:
Anchor Point
Construction Materials:
Concrete, Brick (Exterior), 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:
463 sq. ft.
Floor Area Fin - Total:
463 sq. ft.
Patio And Porch Features:
Patio
Parking Features:
None, Side Access
Parking:
None
Parking Total/Covered:
1 / 1
No restrictions
Elevator, Pantry
Garden
Garden, Laundry In Common Area, Clubhouse, Elevator
Clubhouse, Trash, Maintenance Grounds, Hot Water, Management
Shopping Nearby
1
Pantry
Dishwasher, Refrigerator, Microwave, Laundry In Common Area, Clubhouse, Elevator
Dishwasher, Refrigerator, Stove, Microwave
Common Area
Association Fee:
$393.61
Age Restrictions:
No
By-Law Restrictions:
Pets Not Allowed
Pets Allowed:
No
# Units in Development:
141
Home Owners Association:
Yes
Land Lease:
No
Utilities:
Electricity Connected, Water Connected
Sewer:
Public Sewer, Sanitary Sewer
  • Photo 1: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    *Virtually staged
  • Photo 2: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    *Virtually staged
  • Photo 3: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    *Virtually staged
  • Photo 4: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Kitchen featuring dark countertops, white appliances, light wood finish cabinetry, decorative backsplash, and light tile patterned flooring
  • Photo 5: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Kitchen with white appliances, dark countertops, tasteful backsplash, light wood finish cabinetry, and light tile patterned flooring
  • Photo 6: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Kitchen with dark countertops, white appliances, light wood finish cabinets, and tasteful backsplash
  • Photo 7: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Bedroom with light wood-style floors and baseboards
  • Photo 8: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Bedroom featuring baseboard heating and light wood-style flooring
  • Photo 9: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Full bath with vanity and shower / washtub combination
  • Photo 10: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    View of community
  • Photo 11: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Doorway to property featuring brick siding
  • Photo 12: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    View of floor plan / room layout
  • Photo 13: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    View of home's community
  • Photo 14: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Surrounding community
  • Photo 15: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    View of property's community
  • Photo 16: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Surrounding community
  • Photo 17: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Sunroom featuring a city view
  • Photo 18: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Carpeted living area featuring a city view and a textured ceiling
  • Photo 19: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    View of patio / terrace with outdoor dining area and a city view
  • Photo 20: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Surrounding community with a garden
  • Photo 21: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    City view
  • Photo 22: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Communal laundry room featuring independent washer and dryer
  • Photo 23: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Photo 23 of 32
  • Photo 24: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Photo 24 of 32
  • Photo 25: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Photo 25 of 32
  • Photo 26: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Photo 26 of 32
  • Photo 27: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Photo 27 of 32
  • Photo 28: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    View of commercial property
  • Photo 29: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Doorway to property
  • Photo 30: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    View of property
  • Photo 31: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Exterior view
  • Photo 32: 116 950 Drake Street in Vancouver: Downtown VW Condo for sale in "Anchor Point" (Vancouver West)  : MLS®# R3102707
    Exterior view
Listed by Oakwyn Realty Ltd.
Data was last updated April 1, 2026 at 12:40 PM (UTC)
Area Statistics
Listings on market:
366
Avg list price:
$797,750
Min list price:
$345,000
Max list price:
$8,800,000
Avg days on market:
51
Min days on market:
1
Max days on market:
730
Avg price per sq.ft.:
$1,065.73
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
powered by myRealPage.com

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).

 

 

FacebookTwitterLinkedInPinterestTumblrReddit
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

.
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.