Governors Tower & Villas

388 Drake St, Vancouver, BC V6B 6A8

Downtown

Year Built

1995

Units

237

Floors

Building Type

Apartment strata (condo)

Market Overview

Avg Sold Price

$1,179,036

Median Sold

$1,150,750

Price Range

$818,000 – $1,930,000

Avg $/SqFt

$1,012.85

Sales (2yr)

Active Listings

Avg List Price

$1,157,100

Last sale: Sep 2, 2026

Condo Fees

Avg Monthly Fee

$923.63

Median Fee

$938.93

Avg $/SqFt

$0.8

Units w/ Fee Data

Fee IncludesCaretaker, Trash, Maintenance Grounds, Hot Water, Management, Heat

2026 Assessment

Avg Assessed

$1,284,962

Min Assessed

$791,000

Max Assessed

$6,086,000

Building Features

ExteriorConcrete, Concrete (Exterior), Glass (Exterior), Mixed (Exterior)

AmenitiesExercise Centre, Concierge, Sauna/Steam Room, Bike Room, Recreation Facilities, Clubhouse, Other

Building TypeApartment strata (condo)

Floors12 storeys

Year Built1995

Policies

Pet PolicyCats OK, Dogs OK, Number Limit (Two), Yes With Restrictions

Known Issues & Notes

Known Issues (news/court)

2020-09-18 dispute_crt: Owners sought $26,621.50 reimbursement for design and legal costs for roof alteration; strata claimed exclusive CP control; tribunal dismissed claims.

Source

Repairs/Projects

8 listing description(s) mention envelope/rainscreen, roof, piping or remediation work

8 envelope/leaks

Management

Management CompanyFirst Service Residential

About This Building

At 388 Drake St in Downtown, Vancouver, Governors Tower & Villas is an apartment-style strata building (strata plan LMS1725). Records show 237 strata lots, a build year of about 1995 and 12 storeys. Since October 2024 there have been 14 recorded sales, averaging roughly $1,179,000. Strata fees seen in listings average around $924 a month (about $0.80 per sq ft). Listed amenities include exercise centre, concierge, sauna/steam room. As with any BC strata, the Form B, depreciation report, AGM minutes and insurance details deserve a careful review before an offer goes firm.