PH 199 Drake Street, Vancouver

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$9,500

PH 199 Drake Street

Yaletown, Vancouver, BC, V6Z 2Y8

3 | 3 | 2 | 1,982 sq.ft. |

Welcome to this exquisite and stunning trophy penthouse featuring the best views in Yaletown! Completely redesigned and remarkably unique Concordia penthouse suite. This residence is 1,982 sqft of casual elegance at the water's edge overlooking the park. Entertainers delight with ample patio and deck space to be utilized for any occasion. Enjoy private southwest views of False Creek, David Lam Park and Yaletown from one of the four fabulously sunny and spacious patios! Luxurious details include over-height ceilings, automatic roller shades and beautiful quality floors throughout. Appreciate extensive built-ins and cupboard storage throughout. Grand master suite showcases custom feature wall with TV, ensuite spa and a private balcony overlooking the city!

Property Info

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MLS®: R3058913

Listing Courtesy of Vancouver Luxury Realty

Total Bedrooms 3

Total Bathrooms 3

Floor Space 1982 sq.ft.

Date Listed XXXX-XX-XX

Property Type Condo

Listed Price $9,500

Strata Fee $0.00

Interior Features

More Details

Floor Space Finished 0.00 sq.ft.

Rules Yes, Cats OK, Dogs OK

Out Door Area XXXXXXXXXX

Parking Total 2

Summary

Location and General Information

MLS Area Major: Vancouver West
Street Name: Drake
City: Vancouver
State Or Province: BC
Postal Code: V6Z 2Y8
Property Type: Residential Lease
Property Sub Type: Apartment/Condo

Interior and Exterior Features

Interior Features

Fireplaces Total: 1

Exterior Features

Exterior Features: Balcony

Property

Utilities

Property and Assessments

Building Area Total: 1982
Living Area: 1982

Lot Information

Sold History

MAP & Nearby Facilities

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City Introduction

Overview of Vancouver, BC, Canada

Population

Vancouver is the largest city in British Columbia, with a population of approximately 660,000 (2023). The Greater Vancouver area has over 2.6 million residents. Vancouver is one of Canada's most diverse cities, with significant Chinese, South Asian, and Filipino communities.

Economy

Key Industries: Technology, film production, tourism, port trade, and real estate.
Tech Hub: Known as the "Silicon Valley of the North," Vancouver is home to numerous tech companies and startups.
Film Industry: Vancouver is the third-largest film production center in North America, after Los Angeles and New York.
Port Trade: The Port of Vancouver is Canada's largest port, connecting Asian and North American markets.

Living Features

Natural Environment: Vancouver is renowned for its stunning natural scenery, including Stanley Park, English Bay, and the North Shore Mountains.
Climate: Mild winters and cool summers make it ideal for outdoor activities.
Education: Home to prestigious universities like the University of British Columbia (UBC) and Simon Fraser University (SFU).
Multiculturalism: A vibrant multicultural community with diverse dining and cultural events.

Real Estate Investment

Prices: Vancouver is one of Canada's most expensive cities, with detached homes averaging $2 million CAD and condos around $800,000 CAD (2023).

Opportunities:

Strong demand from immigrants and students ensures a robust rental market.
Limited land supply and population growth support long-term price appreciation.

Risks:

High prices and foreign buyer taxes (20%) may increase investment costs.
Vacancy taxes and property taxes are relatively high, requiring careful financial planning.

Verdict

Vancouver is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include Kitsilano and West End, while Downtown and Broadway corridor condos are attractive for investors.

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