Ph 199 Drake Street — Vancouver West


$ 9,900 FOR RENT MLS# R3172336
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Welcome to this exquisite trophy penthouse at 199 Drake Street, offering 1,982 sq ft of redesigned casual elegance and Yaletown's best waterfront views! Perched at the water's edge overlooking David Lam Park and False Creek, this unique Concordia residence features four sunny, private southwest-facing patios. Highlights include over-height ceilings, automatic shades, rich floors, and custom built-ins. The chef's kitchen boasts top appliances, while the primary suite offers a custom feature wall, private balcony, and spa ensuite. Steps from the Seawall, Canada Line, Urban Fare, Roundhouse, and fine dining along Hamilton and Mainland. If viewing on Zillow please text or email the leasing agent.
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, Vancouver Luxury Realty.

Bedrooms3
Bathrooms3
Living Area1,982 sqft
Property TypeResidential Lease – Apartment/Condo
MLS® R3172336
StatusActive
Listing BrokerVancouver Luxury Realty

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
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

Yaletown · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos272
Median Asking Price $ 998,000 $ 9,900
Median Price per SqFt $1,098 $5
Median Days on Market 61
Sold Properties Oct 2026Sep 2026Oct 2025
Condos 10 ▼77.3% 30 44
Median Selling Price $ 914,950 ▲11.6% $ 1,062,500 $ 819,500
Median Price per SqFt $1,065 ▼2.7% $1,117 $1,095
Median Days on Market 301923
Median Discount Off Ask 4.8%3.0%3.7%
New Listings 49233
Months of Inventory 8.0

At the current sales pace, it would take about 8 months to sell all the homes currently for sale here — a Balanced market.

SELLER'S
BALANCED
BUYER'S

Homes for sale and active buyers are fairly evenly matched, so neither side has a clear advantage.

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.