#501 – 499 Drake St, Vancouver, BC

Strata unit #501 at 499 Drake St: assessed at $3,185,000 in 2026. Assessed higher than 86% of the 15 units in the building.

Unit assessed 2026
$3,185,000
Change from last year
+1%
Strata lot
15
Built
2004
1 to check6 notes3 clear
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Building report for 499 Drake St: all 15 units · $20

Unit #501

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Assessed 2026$3,185,000
Change from last year+1%
Within the buildingAssessed higher than 86% of the 15 units in the building
Strata lotLot 15, plan BCS747
Built2004
Floor, from the unit number5
Same stack, 5 units (…01)$2,258,000 – $5,537,000
Value history, 7 years
Property tax, year by year
Permits filed under this unit numberNone since 2017

About strata records

What the records show for the building at 499 Drake St

Note

Zoned DD

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What the record says
Lot about 2,640 m², measured from the City lot outline. Zoning district DD (DD).
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.

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9 permits on this lot since 2017, 2 in the last 3 years

What it means and what to ask

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.

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Note

Typical unit assessed at $2,255,000; the building −1% since 2021

What it means and what to ask

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.

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Note

Strata building, 15 units, built 2004

What it means and what to ask

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.

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Note

On or next to an arterial road (Richards St)

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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.

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Note

SkyTrain guideway about 125 m away

What it means and what to ask

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.

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Note

Short-term rentals: only in your principal residence

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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.

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Clear

Not on the Heritage Register

Clear

Outside the City floodplain

Clear

Separated storm and sanitary sewers

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Street view

About #501 – 499 Drake St

A 15-unit strata building, built 2004 on a 2,640 m² DD lot with a rear lane. Newer than 78% of the buildings on Drake St. Units are assessed from $1,299,000 to $5,537,000; the typical unit is $2,255,000. 9 building permits since 2017. The latest, from Sep 2026: addition or alteration, multiple dwelling ($70,000). School catchment: Elsie Roy Elementary and King George Secondary. Yaletown-Roundhouse Station is 230 m away.

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Each finding explained, full permit and value history, questions for the seller and a PDF for your agent.
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Assessment history of #501 – 499 Drake St

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Whole building, 15 units: units are assessed from $1,299,000 to $5,537,000, typical unit $2,255,000.

2026$33,856,000
Down 1% since 2021
20202026

Permits on this building · 9 since 2017

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Sep 2026 · Addition or alteration, multiple dwelling$70,000
8 more permits in the full report

Schools and parks near #501 – 499 Drake St
Elementary catchmentElsie Roy Elementary
Secondary catchmentKing George Secondary
Elsie Roy Elementary358 m
Anchor Point Montessori478 m
Pattison High School686 m
Emery Barnes Park193 m
David Lam Park272 m

How catchments work

Transit near #501 – 499 Drake St
Nearest SkyTrain: Yaletown-Roundhouse (Canada Line)230 m
Westbound Davie St @ Richards St · 6148 m
Yaletown-Roundhouse Station bus loop · 6, 23195 m
Westbound Pacific St @ Richards St · 23206 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 front10 · European Beech, River Birch
Ground elevation≈ 14 m above sea level
Elevation change across the siteabout 3 m
Nearest arterial roadRichards St, 25 m
SkyTrain guideway125 m

Crime near #501 – 499 Drake St

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Incidents within 400 m in the last 12 months, by type: in the full report.

Rezoning and development nearby

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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 11 new-building permits and 13 demolition permits in the last two years. About the neighbourhood

Questions about #501 – 499 Drake St

What is #501 – 499 Drake St assessed at?

$3,185,000 for 2026, from BC Assessment through the City’s property tax report. Assessed higher than 86% of the 15 units in the building.

What is the strata lot number of #501 – 499 Drake St?

Strata lot 15 on strata plan BCS747.

When was #501 – 499 Drake St built?

In 2004, according to BC Assessment.

What is the zoning of #501 – 499 Drake St?

It is zoned DD under the Vancouver Zoning and Development By-law. More

Is #501 – 499 Drake St in a floodplain?

No. It is outside the floodplains designated by the City of Vancouver. More

Is #501 – 499 Drake St on the Heritage Register?

No. It is not listed on the Vancouver Heritage Register. More

Can #501 – 499 Drake St be rented short term (Airbnb)?

Only as the owner’s or tenant’s principal residence, with a City business licence and a provincial registration number; a second home or investment unit cannot be rented for less than 90 days. The strata bylaws can also ban it. More

What building permits has #501 – 499 Drake St had?

The City has issued 9 permits since 2017. The latest, from Sep 2026: addition or alteration ($70,000). More

Which schools serve #501 – 499 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 #501 – 499 Drake St?

Yaletown-Roundhouse Station is 230 m away in a straight line.

Compare #501 – 499 Drake St with another address · Watch this address: email me when its records change

Other units in 499 Drake St

Same floor (5)

Same stack (units ending in 01)

All 15 units in the building

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Checked against City of Vancouver open data on October 25, 2026. How we check · Data sources · Glossary