👁9,242views
Building & Condo Information

Grace499 Drake Building

499 Drake St.

Vancouver, BC V6B 1B1

Official Website: www.graceresidences.ca/
  • Levels6
  • Suites71
  • StatusCompleted
  • Built2004
  • Title to LandFreehold Strata
  • Strata PlanBCS747
  • ConstructionConcrete
  • AreaVancouver West
  • NeighbourhoodYaletown
$2,289,900Avg Asking
2Sold (1yr)
$1,925,000Avg Sold
$1,250Avg $/Sqft

Overview

Grace - 499 Drake Street, Vancouver, BC V6B 1B1, BCS747 - located in Downtown area of Vancouver West, at the crossroads Drake Street and Richards Street. Grace is walking distance to Universal Mixed Martial Arts, Dance 4U, Sugarrays Boxing Fitness, School Board Vancouver, Rhodes Wellness College, Language Studies International, Shoppers Drug Mart, Samson Shirtmakers, Enve Clothing Yaletown, Vancouver Custom Suits, Anti-hero, Brooklyn Clothing and Retro Rock Vintage Clothing, Emery Barnes Park, David Lam Park, George Wainborn Park, May & Lorne Brown Park, Helmcken Park and Yaletown Park. Easy access to Stanley Park, English Bay, Rogers Arena, Vancouver Public Library, Edgewater Casino, Vancouver Art Gallery, and many other attractions. James Schouw and Associates quality built Grace in 2004. This 6-level concrete building has stone exterior finishing and full rain screen. There are 71 units in development and in strata. Grace is one of Vancouver's most iconic, architectural masterpieces. Pass through the European-inspired courtyard, and into a private, direct access elevator (with biometric fingerprint security system) and step into this beautiful home. Most homes offer cherry wood hardwood and limestone floors in living area, floor heating in bathroom, acoustic insulation, fireplaces, geothermal (ground-source) heat pump heating system, programmable air conditioning, DSC security system with LCD digital heypads, pre-wire suites for satellite dishes, built-in audio and data network, granite or tile countertops, 10' ceilings, aircon and plenty of storage. Grace has great amenities that include central air conditioning, an elevator, an exercise centre, indoor swimming pool, a sauna, a hot tub, a concierge, a media room, a play area for children, secured underground parking and Rolls Royce driving service.

Les Twarog
Les Twarog & Team
RE/MAX Crest Realty · Your Grace specialist
Questions on a listing, a private showing, or what your unit is worth? Talk to the team that knows this building.

For Sale in Grace & Complex

DateAddressStatusBedBathPriceSqftDOMStrata FeeTaxListed By
2026-05-20 1260 Richards St. Active 2 3 $2,289,900 ($1,342/sf) 1706 $1530 $6134 (2025) Oakwyn Realty Ltd.

Grace Sold History (last 24 months)

Sold DateAddressBedBathSqftAskingSold PriceDOMStrata FeeTaxListed By
2026-05-22 801 1280 Richards St. 2 2 1151 $1,450,000 $1,350,000 ($1,173/sf) $1107 $5379 (2025) Grand Central Realty
2026-03-31 1102 1280 Richards St. 2 3 1885 $2,599,000 $2,500,000 ($1,326/sf) $1684 $6938 (2025) RE/MAX Select Properties
2025-07-31 601 1280 Richards St. 2 2 1252 $1,599,000 $1,580,000 ($1,262/sf) $1082 $4499 (2024) TRG The Residential Group Downtown Realty
2025-03-15 1901 1280 Richards St. 2 3 1841 $2,780,000 $2,380,000 ($1,293/sf) $1477 $7320 (2024) Nu Stream Realty Inc.

Sold data from the MLS® feed for strata plan BCS747. Showing the last 24 months by default; expand for up to 80 recent sales.

Grace Market Summary

Grace at 499 Drake St. — currently 1 active listing averaging $2,289,900. In the past year 2 units sold at an average of $1,925,000.

Active Listings1
Avg Asking Price$2,289,900
Sold (1 Year)2
Avg Sold Price$1,925,000
Avg $/Sqft$1,250

Value & Financing

Price Positioning
$1342 /sq ft
Active listings here average $1342/sf vs $1179/sf across Yaletown.
14% above area average
Mortgage Snapshot
$10,967 /mo
Entry price (from)$2,289,900
20% down payment$457,980
Rate / amortization5.24% · 25 yr
Estimate only — not a lending offer. Rate illustrative; confirm with your mortgage advisor.

Market Reports

Live market intelligence for this building's segments — active inventory, medians, ranges & trends. Opens in a new tab.

📊 Vancouver Condo Market Reports
📊 Vancouver Townhome Market Reports
Market data by RealtySuite

Property Documents

Location, Street View & Aerial

Street View⤢ Expand

Site & Location Maps

Grace location map 1 Open Full View BCCondos & Homes© BC Condos & Homes
Grace location map 2 Open Full View BCCondos & Homes© BC Condos & Homes
Grace location map 3 Open Full View BCCondos & Homes© BC Condos & Homes
Grace location map 4 Open Full View BCCondos & Homes© BC Condos & Homes

Amenities / Features

Air Cond./central
Elevator
Exercise Centre
Pool; Indoor
Sauna/steam Room
Swirlpool/hot Tub
  • playground

Maintenance Fees Include

Caretaker
Garbage Pickup
Gardening
Gas
Management
Recreation Facility

Location / Site Influences

Central Location
Marina Nearby
Recreation Nearby
Shopping Nearby

Construction & Development

ConstructionConcrete
Exterior FinishStone
RoofOther
FoundationConcrete Perimeter
Rain ScreenFull
DeveloperJames Schouw & Associates

Strata Information

Strata PlanBCS747
Strata Web Sitewww.graceresidences.ca/
Building TypeStrata
Title to LandFreehold Strata
Units in Strata71
Units in Development71
Management CompanyQuay Pacific — 604-685-8830
Bylaws / RestrictionsNO RESTRICTIONS
Parking / StorageGarage; Underground

Frequently Asked Questions — Grace

What year was Grace built?
Grace was built in 2004.
How many units are in Grace?
Grace has 71 strata units across 6 levels.
What amenities does Grace offer?
AIR COND./CENTRAL, ELEVATOR, EXERCISE CENTRE, POOL; INDOOR, SAUNA/STEAM ROOM, SWIRLPOOL/HOT TUB.
Is Grace pet-friendly, and what are the bylaws?
Grace bylaws/restrictions: NO RESTRICTIONS.
Who is the property manager for Grace?
Grace is managed by Quay Pacific, 604-685-8830.
What is the strata plan number for Grace?
The strata plan number for Grace is BCS747.
Is Grace freehold or leasehold?
Grace is FREEHOLD STRATA.
Where is Grace located?
Grace is located at 499 Drake St. in Vancouver West, Vancouver.
How is the real estate market at Grace?
In the past year 2 units sold at Grace, averaging $1,925,000; there is currently 1 active listing for sale.

Sales Information

Sales Websitewww.graceresidences.ca/

Listings for Sale Near Grace 🔎 MLS® Search »

Active listings nearby80
Average price$1,101,767
From$408,000
Up to$7,500,000
Summary — 50 nearest listings
AddressBedBathSqftPrice
304 1295 Richards St. 11594 $549,900
1404 1323 Homer St. 11732 $889,000
402 1323 Homer St. 11772 $739,900
1102 1323 Homer St. 11756 $699,000
301 1323 Homer St. 221221 $1,100,000
2706 1323 Homer St. 11457 $508,000
2705 1323 Homer St. 11821 $799,000
1261 Richards St. 22928 $1,149,900
1260 Richards St. 231706 $2,289,900
B408 1331 Homer St. 221046 $949,000
Photos
304 1295 RICHARDS STREET $549,900 304 1295 Richards St. · 1bd/1ba · 594sf 1404 1323 HOMER STREET $889,000 1404 1323 Homer St. · 1bd/1ba · 732sf 402 1323 HOMER STREET $739,900 402 1323 Homer St. · 1bd/1ba · 772sf 1102 1323 HOMER STREET $699,000 1102 1323 Homer St. · 1bd/1ba · 756sf 301 1323 HOMER STREET $1,100,000 301 1323 Homer St. · 2bd/2ba · 1221sf 2706 1323 HOMER STREET $508,000 2706 1323 Homer St. · 1bd/1ba · 457sf 2705 1323 HOMER STREET $799,000 2705 1323 Homer St. · 1bd/1ba · 821sf 1261 RICHARDS STREET $1,149,900 1261 Richards St. · 2bd/2ba · 928sf 1260 RICHARDS STREET $2,289,900 1260 Richards St. · 2bd/3ba · 1706sf B408 1331 HOMER STREET $949,000 B408 1331 Homer St. · 2bd/2ba · 1046sf

Grace Area Map 🔍 Open larger map ↗