2401 120 2nd Street — North Vancouver


$ 4,250 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 breathtaking unobstructed south-facing views of the waterfront, Downtown Vancouver skyline, Lions Gate Bridge, and surrounding mountains from the 24th floor. Surrounded by floor-to-ceiling windows, this bright and spacious home is filled with natural light and offers stunning views throughout the day — from beautiful sunrises to sparkling city lights in the evening. Enjoy the spectacular scenery from the comfortable living and dining areas or from your private covered balcony.
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
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
2 events on record for this property

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Market Overview

Lower Lonsdale · North Vancouver · Condos

Active PropertiesAll ActiveThis Property
Condos115
Median Asking Price $ 799,900 $ 4,250
Median Price per SqFt $979 $4
Median Days on Market 43
Sold Properties Aug 2026Jul 2026Aug 2025
Condos 1 ▼94.7% 1 19
Median Selling Price $ 580,000 ▼13.0% $ 1,319,000 $ 666,500
Median Price per SqFt $861 ▼4.7% $1,105 $903
Median Days on Market 13617
Median Discount Off Ask 3.3%0.0%2.3%
New Listings 22416
Months of Inventory 9.6

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.

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.