Vancouver › Downtown › Drake St › 388 Drake St › #503
#503 – 388 Drake St, Vancouver, BC
Strata unit #503 at 388 Drake St: assessed at $1,247,000 in 2026. Assessed lower than 57% of the 135 units in the building.
Unit assessed 2026
$1,247,000
2 to check 3 notes 2 clear
Building report for 388 Drake St: all 135 units · $20
Assessed 2026 $1,247,000
Change from last year −4%
Within the building Assessed lower than 57% of the 135 units in the building
Strata lot Lot 123, plan LMS1725
Built 1995
Floor, from the unit number 5
Same stack, 28 units (…03) $1,098,000 – $2,285,000
Value history, 7 years
Property tax, year by year
Permits filed under this unit number None since 2017
About strata records
What the records show for the building at 388 Drake St
Note
Zoned CD-1 (266) Free preview
What the record says Lot about 5,902 m², measured from the City lot outline. Zoning district CD-1 (266) (CD). What it means The zoning district sets what can be built and how the property can be used. What to do Read the district schedule or ask the City if you plan changes. The full report explains every finding like this one.
Check
28 permits on this lot since 2017, 5 in the last 3 years
What the record says
What it means
What to do
What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.
Check
Strata from 1995: no envelope repair permit since 2017
What the record says
What it means
What to do
What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.
Note
Typical unit assessed at $1,267,000; the building +1% since 2021
What the record says
What it means
What to do
What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.
Note
On or next to an arterial road (Homer St)
What the record says
What it means
What to do
What the record says, what it means for a buyer and what to ask the seller: for this finding and every other one, in the full report.
Clear
Not on the Heritage Register Clear
Outside the City floodplain
What the full report adds to each finding
What the record says, with its date and number What it means for a buyer What to ask the seller and your realtor The source of every line See a sample report
About #503 – 388 Drake St A 135-unit strata building, built 1995 on a 5,902 m² CD-1 (266) lot. Older than 63% of the buildings on Drake St. Units are assessed from $791,000 to $6,086,000; the typical unit is $1,267,000. 28 building permits since 2017. The latest, from Aug 2025: addition or alteration, dwelling unit ($225,000). School catchment: Elsie Roy Elementary and King George Secondary. Yaletown-Roundhouse Station is 260 m away.
Read every record and what to do next
Each finding explained, full permit and value history, questions for the seller and a PDF for your agent.
Assessment history of #503 – 388 Drake St Whole building, 135 units: units are assessed from $791,000 to $6,086,000, typical unit $1,267,000.
2026 $186,759,000
2025
2024
2023
2022
Up 1% since 2021
2020 2026
Permits on this building · 28 since 2017
Aug 2025 · Addition or alteration, dwelling unit $225,000
27 more permits in the full report
Schools and parks near #503 – 388 Drake St
Elementary catchment Elsie Roy Elementary
Secondary catchment King George Secondary
Elsie Roy Elementary 249 m
Anchor Point Montessori 568 m
False Creek Elementary 722 m
David Lam Park 134 m
Roundhouse Turntable Plaza 268 m
How catchments work
Transit near #503 – 388 Drake St
Nearest SkyTrain: Yaletown-Roundhouse (Canada Line) 260 m
Eastbound Pacific St @ Richards St · 23 147 m
Westbound Pacific St @ Richards St · 23 187 m
Yaletown-Roundhouse Station bus loop · 6, 23 248 m
Bus routes within 400 m: 4, 6, 7, 10, 14, 16, 23, 50, N10, N17, N9
Street, trees and terrain
City street trees in front 2 · Armstrong Red Maple
Ground elevation ≈ 10 m above sea level
Elevation change across the site about 3 m
Nearest arterial road Homer St, 27 m
SkyTrain guideway 241 m
Truck route 51 m
Noise by-law area Intermediate Zone
Crime near #503 – 388 Drake St Incidents within 400 m in the last 12 months, by type: in the full report.
Rezoning and development nearby Within 300 m in the last two years: 2 new-building permits and 2 demolition permits.
New buildings nearby:
Rezoning applications within 800 m: in the full report.
In Downtown, the City issued 12 new-building permits and 13 demolition permits in the last two years. About the neighbourhood
Questions about #503 – 388 Drake St
What is #503 – 388 Drake St assessed at? $1,247,000 for 2026, from BC Assessment through the City’s property tax report. Assessed lower than 57% of the 135 units in the building.
What is the strata lot number of #503 – 388 Drake St? Strata lot 123 on strata plan LMS1725.
When was #503 – 388 Drake St built? In 1995, according to BC Assessment.
What is the zoning of #503 – 388 Drake St? It is zoned CD-1 (266) under the Vancouver Zoning and Development By-law. More
Is #503 – 388 Drake St in a floodplain? No. It is outside the floodplains designated by the City of Vancouver. More
Is #503 – 388 Drake St on the Heritage Register? No. It is not listed on the Vancouver Heritage Register. More
What building permits has #503 – 388 Drake St had? The City has issued 28 permits since 2017. The latest, from Aug 2025: addition or alteration ($225,000). More
Which schools serve #503 – 388 Drake St? Elementary: Elsie Roy Elementary. Secondary: King George Secondary. Placement depends on space: confirm with the school.
How far is the nearest SkyTrain station from #503 – 388 Drake St? Yaletown-Roundhouse Station is 260 m away in a straight line.
Compare #503 – 388 Drake St with another address · Watch this address: email me when its records change
Other units in 388 Drake St
Same floor (5) #501 $1,346,000 #502 $1,312,000 #505 $1,149,000 #506 $1,003,000 #507 $826,000 #508 $1,149,000 Same stack (units ending in 03) #103 $1,328,000 #203 $1,098,000 #303 $1,241,000 #603 $1,247,000 #703 $1,253,000 #803 $1,258,000 #903 $1,263,000 #1003 $1,269,000 All 135 units in the building
Full report Every record explained · PDF
Checked against City of Vancouver open data on October 25, 2026. How we check · Data sources · Glossary
