2401 120 2nd Street — North Vancouver


$ 3,950 FOR RENT MLS# R3150220
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Welcome to The Observatory – Lower Lonsdale Perched high in Lower Lonsdale’s iconic Observatory building, this spacious 2-bedroom, 2-bathroom home offers spectacular unobstructed south-facing views of the waterfront, Downtown Vancouver skyline, Lions Gate Bridge, and North Shore mountains from the 24th floor. This bright and spacious home has been beautifully refreshed with brand-new laminate flooring throughout, creating a modern and inviting living space. Floor-to-ceiling windows fill the home with natural light and showcase breathtaking water, city, and mountain views throughout the day. Includes 1 parking stall and 1 storage locker. Rent: $3,950/month + $250/month utilities. Book your viewing today!
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms2
Bathrooms2
Living Area1,071 sqft
Property TypeResidential Lease – Apartment/Condo
MLS® R3150220
StatusActive
Price Change↓ Price Reduced
Listing BrokerOrca Realty Inc.

Property History

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

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Market Overview

Lower Lonsdale · North Vancouver · Condos

Active PropertiesAll ActiveThis Property
Condos138
Median Asking Price $ 769,632 $ 3,950
Median Price per SqFt $973 $4
Median Days on Market 61
Sold Properties Sep 2026Aug 2026Sep 2025
Condos 3 ▼85.7% 29 21
Median Selling Price $ 974,888 ▲32.6% $ 765,000 $ 735,000
Median Price per SqFt $980 ▲15.3% $895 $850
Median Days on Market 391422
Median Discount Off Ask 7.1%3.6%4.3%
New Listings 33830
Months of Inventory 5.2

At the current sales pace, it would take about 5 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.

Lower Lonsdale: Number of Sales

Lower Lonsdale: Median Sold Price

Lower Lonsdale: Median Sold Price per SqFt

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