311 5955 Iona Drive — Vancouver West


$ 998,000 FOR SALE MLS# R3149517
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Welcome to Folio! An award-winning West Coast architecture surrounded by beautiful water features and lush landscaping. This unit features bright and spacious southeast-facing corner unit offers over 1,084SF of living space with 2 bedrooms plus a large den that can easily serve as a 3rd bedroom. Featuring hardwood floors throughout, tastefully updated kitchen with refinished cabinets, and newer stainless steel appliances, this home combines comfort and style. Enjoy abundant natural light, privacy, and a quiet community setting within just steps away to lecture halls, the Chan Centre, beaches, forest trails. Experience the best of UBC living in this exceptional home. Comes with 2 parkings+1 locker.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms2
Bathrooms2
Living Area1,084 sqft
Property TypeResidential – Apartment/Condo
MLS® R3149517
StatusActive
Price Change↓ Price Reduced
Listing BrokerAxford Real Estate

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

University VW · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos247
Median Asking Price $ 986,000 $ 998,000
Median Price per SqFt $1,235 $921
Median Days on Market 98
Sold Properties Sep 2026Aug 2026Sep 2025
Condos 5 ▼72.2% 31 18
Median Selling Price $ 920,000 ▼15.1% $ 850,000 $ 1,084,000
Median Price per SqFt $953 ▼17.5% $1,077 $1,155
Median Days on Market 223328
Median Discount Off Ask 11.1%3.8%2.8%
New Listings 54116
Months of Inventory 14.4

At the current sales pace, it would take about 14 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.

University VW: Number of Sales

University VW: Median Sold Price

University VW: Median Sold Price per SqFt

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