206 950 Drake Street — Vancouver West


$ 399,000 FOR SALE MLS# R3162340
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Welcome to Anchor Point! This well-laid-out 1-bedroom home offers comfortable downtown living in a solid concrete building. Enjoy a functional layout, private balcony, and the convenience of parking available for just $40/month through strata, plus storage included. Building amenities include a rooftop patio, garden plots, outdoor seating, and an indoor lounge/party room. Step outside and you’re surrounded by everything downtown Vancouver has to offer, with cafes, restaurants, shops, transit, and the seawall all just a short stroll away. A great opportunity for first-time buyers or investors looking for a well-located home in the heart of the city.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.

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Property Details

Bedrooms1
Bathrooms1
Living Area573 sqft
Property TypeResidential – Apartment/Condo
MLS® R3162340
StatusActive
Listing BrokerRE/MAX Select Realty

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
Condos425
Median Asking Price $ 725,000 $ 399,000
Median Price per SqFt $1,019 $696
Median Days on Market 63
Sold Properties Sep 2026Aug 2026Sep 2025
Condos 5 ▼87.5% 37 40
Median Selling Price $ 640,000 ▼7.0% $ 688,000 $ 688,500
Median Price per SqFt $859 ▼17.0% $965 $1,035
Median Days on Market 481831
Median Discount Off Ask 7.7%4.5%3.8%
New Listings 3012253
Months of Inventory 9.8

At the current sales pace, it would take about 10 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.