512 5981 Gray Avenue — Vancouver West


$ 3,330 FOR RENT MLS# R3139695
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face north toward the Scholars Greenway leading to Michael Smith Park, with a lovely balcony perfect for enjoying quite afternoons. Located centrally in Wesbrook Village, with all daily conveniences, Save-on-Foods supermarket, and banks etc. within easy walking distance. Perfect for a couple or small family attending University Hill Secondary School or UBC. 1Parking & 1Locker included. This building use a third party company ‘Enerpro’ to measure the usage of utilities for each suite. Cold water/hot water/heating are NOT included in rent. The tenant will be billed every 2 months. This is tenant’s responsibility to pay. The amount of bill varies depends on how the occupant use them, but last year it averaged about $90/month. For more information & videos, please reply by Email.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms2
Bathrooms2
Living Area810 sqft
Property TypeResidential Lease – Apartment/Condo
MLS® R3139695
StatusRented
Price Change↓ Price Reduced
Listing BrokerOak West Realty Ltd.

Property History

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

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Market Overview

University VW · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos262
Median Asking Price $ 987,400 $ 3,330
Median Price per SqFt $1,233 $4
Median Days on Market 93
Sold Properties Sep 2026Aug 2026Sep 2025
Condos 3 ▼83.3% 31 18
Median Selling Price $ 1,123,000 ▲3.6% $ 850,000 $ 1,084,000
Median Price per SqFt $855 ▼26.0% $1,077 $1,155
Median Days on Market 223328
Median Discount Off Ask 13.5%3.8%2.8%
New Listings 24116
Months of Inventory 15.3

At the current sales pace, it would take about 15 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.