1204 989 Nelson Street — Vancouver West


$ 650,000 FOR SALE MLS# R3159897
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Welcome to #1204 in the iconic Electra Building at 989 Nelson Street - Investor Alert! Tastefully renovated 2 bed 1 bath. New floors, paint, kitchen with quartz backsplash and touch-sensor faucet, plus a fully tiled bathroom. Sun-filled with stunning city views, A/C and heat, and free in-suite comfort year-round. The building? Unbeatable walk score! Steps to transit, dining & entertainment. A rare blend of character, convenience, and modern upgrades in one of the most iconic buildings Downtown Vancouver has to offer. Outdoor-grill amenity room, pool table, lounge with free Wi-Fi (perfect to cowork in!), gym, dry sauna, theatre room, bike room, and free shared laundry on every floor. Three high-speed elevators, on-site manager, guest suites for visitors, same-floor storage, AirBnb friendly!
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms2
Bathrooms1
Living Area641 sqft
Property TypeResidential – Apartment/Condo
MLS® R3159897
StatusActive
Listing BrokerReal Broker

Property History

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

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Market Overview

Downtown VW · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos355
Median Asking Price $ 729,900 $ 650,000
Median Price per SqFt $1,029 $1,014
Median Days on Market 68
Sold Properties Aug 2026Jul 2026Aug 2025
Condos 2 ▼97.0% 6 66
Median Selling Price $ 967,500 ▲46.0% $ 563,500 $ 662,500
Median Price per SqFt $1,117 ▲10.9% $893 $1,007
Median Days on Market 302639
Median Discount Off Ask 3.9%3.1%4.7%
New Listings 1096317
Months of Inventory 14.6

At the current sales pace, it would take about 15 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

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.

Downtown VW: Number of Sales

Downtown VW: Median Sold Price

Downtown VW: Median Sold Price per SqFt

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