507 289 Drake Street — Vancouver West


$ 1,599,000 FOR SALE MLS# R3133195
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A townhouse in the sky, in the heart of Yaletown. This RARE two-level, top-floor END-UNIT lives nothing like a typical condo, offering 1,341 sqft with water views over David Lam Park & False Creek from every principal room. The bright, open main floor flows out to a private 400 sqft patio; upstairs, the primary suite opens to its own 2nd terrace, giving you 2 distinct outdoor spaces. White oak floors, a gourmet kitchen with marble backsplash, quartz counters & SS appliances. Thoughtfully upgraded throughout: fresh paint, new lighting on dimmers, custom closets, new window coverings, and in-suite copper-to-PEX plumbing for lasting peace of mind. TWO parking stalls plus a huge private storage room. Building offers indoor pool, sauna & gym. Steps to the Seawall. Rentals OK.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.

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Property Details

Bedrooms2
Bathrooms2
Living Area1,341 sqft
Property TypeResidential – Apartment/Condo
StyleTop Floor Unit
MLS® R3133195
StatusCancel Protected
Listing BrokerReal Broker

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed

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Market Overview

Yaletown · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos275
Median Asking Price $ 1,048,000 $ 1,599,000
Median Price per SqFt $1,119 $1,192
Median Days on Market 65
Sold Properties Sep 2026Aug 2026Sep 2025
Condos 1 ▼97.3% 31 37
Median Selling Price $ 1,065,000 ▲18.3% $ 965,000 $ 900,000
Median Price per SqFt $843 ▼21.4% $1,083 $1,073
Median Days on Market 1301742
Median Discount Off Ask 6.4%4.0%4.7%
New Listings 76155
Months of Inventory 8.2

At the current sales pace, it would take about 8 months to sell all the homes currently for sale here — a Balanced market.

SELLER'S
BALANCED
BUYER'S

Homes for sale and active buyers are fairly evenly matched, so neither side has a clear advantage.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

Yaletown: Number of Sales

Yaletown: Median Sold Price

Yaletown: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for Yaletown. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.