550 Drake St, Vancouver, BC

A freehold property on a 1,112 m² CD-1 (834) lot with a rear lane. Assessed at $19,217,000 for 2026 (−2% on 2025).

Assessed 2026
$19,217,000
Zoning
CD-1 (834)
Lot
≈ 1,112 m²
Built
—
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What the records show for 550 Drake St

Street view

About 550 Drake St

Assessed higher than 68% of the houses in Downtown. Rebuilt after a 2022 demolition. School catchment: Elsie Roy Elementary and King George Secondary. Yaletown-Roundhouse Station is 320 m away.

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Each finding explained, full permit and value history, questions for the seller and a PDF for your agent.

Assessment history of 550 Drake St

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2026$19,217,000
20242026

Permits on this lot · 3 since 2017

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Jun 2024 · New building, multiple dwelling, church, parking garage, not applicable$72,000,000
2 more permits in the full report

The lot and zoning

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Area≈ 1,112 m²
ZoningCD-1 (834)
Frontage and depth
What the zoning allows

Schools and parks near 550 Drake St

Elementary catchmentElsie Roy Elementary
Secondary catchmentKing George Secondary
Elsie Roy Elementary407 m
Anchor Point Montessori409 m
Pattison High School700 m
Emery Barnes Park251 m
David Lam Park302 m

How catchments work

Transit near 550 Drake St

Nearest SkyTrain: Yaletown-Roundhouse (Canada Line)320 m
Westbound Pacific St @ Richards St · 23129 m
Eastbound Pacific St @ Richards St · 23161 m
Eastbound Pacific St @ Seymour Mews · 23174 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 frontNone recorded
Ground elevation≈ 15 m above sea level
Slope across the lotGentle slope, about 2 m
Nearest arterial roadDrake St, 28 m
SkyTrain guideway194 m
Truck route142 m

Crime near 550 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 550 Drake St

What is 550 Drake St assessed at?

$19,217,000 for 2026, from BC Assessment through the City’s property tax report.

What is the zoning of 550 Drake St?

It is zoned CD-1 (834) under the Vancouver Zoning and Development By-law. More

What can be built at 550 Drake St?

It is in a comprehensive development (site-specific by-law) district (CD-1 (834)). The district schedule sets the number of homes, height and floor area. More

Is 550 Drake St in a floodplain?

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

Is 550 Drake St on the Heritage Register?

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

What building permits has 550 Drake St had?

The City has issued 3 permits since 2017. The latest, from Jun 2024: new building ($72,000,000). More

Which schools serve 550 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 550 Drake St?

Yaletown-Roundhouse Station is 320 m away in a straight line.

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Other addresses on Drake St

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Checked against City of Vancouver open data on October 21, 2026. How we check · Data sources · Glossary