501 989 Nelson Street — Vancouver West


$ 2,550 FOR RENT MLS# R3173785
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No phone call, please. Email info@vanhousepm.com for viewing. Stylish 1-bedroom Air Conditioned unit at the iconic and internationally recognized Electra building, a testament to mid-century modern 50’s design in the heart of downtown Vancouver. Enjoy exposure with mountain and city views, floor-to-ceiling windows, open-concept layout with light.. This bright, spacious condo features modern updates, 9-foot ceilings. Fully equipped gym, social rooms and outdoor terrace. Unbeatable location within walking distance of dining, shopping, and transit, seawall and city beaches.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Rental listing. For viewings or applications, contact the listing brokerage, RE/MAX Heights Realty.

Bedrooms1
Bathrooms1
Living Area617 sqft
Property TypeResidential Lease – Apartment/Condo
MLS® R3173785
StatusActive
Listing BrokerRE/MAX Heights 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
Condos439
Median Asking Price $ 748,000 $ 2,550
Median Price per SqFt $1,014 $4
Median Days on Market 57
Sold Properties Oct 2026Sep 2026Oct 2025
Condos 5 ▼88.9% 45 45
Median Selling Price $ 523,200 ▼22.5% $ 625,000 $ 675,000
Median Price per SqFt $879 ▼12.2% $950 $1,001
Median Days on Market 292640
Median Discount Off Ask 8.0%4.0%3.7%
New Listings 2014457
Months of Inventory 10.2

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.