506 289 Drake Street — Vancouver West


$ 4,750 FOR RENT MLS# R3168545
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Avail Dec 1/26 Min 1 Yr Term Unfurnished No Pets 2 Parking & 1 Storage Incl Professionally Placed by Hello Rent Rarely found 2 bed+den, 2 bath condo at Parkview Tower in the heart of Yaletown, offering approx 1,150 sq ft. Bright solarium ideal for home office/flex space, two well-sized bedrooms, generous living/dining area with large windows, functional kitchen, in-suite laundry. Building amenities include indoor pool, hot tub, sauna, fitness centre and bike room. Located across from David Lam Park, steps to False Creek Seawall, Yaletown restaurants, cafés and shops. Near Roundhouse Community Centre and Yaletown-Roundhouse Canada Line Station. Tenant insurance required at move-in. Tenant pays $300 move-in fee to Strata.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms2
Bathrooms2
Living Area1,150 sqft
Property TypeResidential Lease – Apartment/Condo
MLS® R3168545
StatusActive
Listing BrokerRoyal LePage Sussex

Property History

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

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Market Overview

Yaletown · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos284
Median Asking Price $ 999,000 $ 4,750
Median Price per SqFt $1,102 $4
Median Days on Market 63
Sold Properties Sep 2026Aug 2026Sep 2025
Condos 18 ▼51.4% 31 37
Median Selling Price $ 1,043,750 ▲16.0% $ 965,000 $ 900,000
Median Price per SqFt $1,130 ▲5.3% $1,083 $1,073
Median Days on Market 281742
Median Discount Off Ask 3.5%4.0%4.7%
New Listings 675855
Months of Inventory 8.5

At the current sales pace, it would take about 9 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.

Yaletown: Number of Sales

Yaletown: Median Sold Price

Yaletown: Median Sold Price per SqFt

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