1251 38 Smithe Street — Vancouver West


$ 1,049,000 FOR SALE MLS# R3155144
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A RARE OUTDOOR LIVING OPPORTUNITY IN DOWNTOWN! Why pay a penthouse price for space when you can have it here? This exceptional 2 bedroom, 2 bathroom air conditioned home offers over 1,500 sq.ft. of combined indoor & outdoor living, including a spectacular 725 sq.ft. private patio with city and ocean views, a truly rare find downtown. Enjoy the feel of a much larger home w/ floor to ceiling windows, eng. h/w floors, contemporary kitchen with custom island, Miele appliances, gas cooktop & sleek cabinetry. Primary bedroom w/ walk-in closet & elegant marble tile ensuite. Resort style amenities incl: 2 pools + spas, 24 HR concierge, sky gym & guest suite. 1 parking + 3 lockers. Steps to seawall, SkyTrain, Costco, Rogers, BC Place & world class dining. OPEN SAT SEPT 12TH 3-5PM & SUN Sept 13 2-4P
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms2
Bathrooms2
Living Area818 sqft
Property TypeResidential – Apartment/Condo
MLS® R3155144
StatusActive
Price Change↓ Price Reduced
Listing BrokerOakwyn Realty Ltd.

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

Downtown VW · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos425
Median Asking Price $ 725,000 $ 1,049,000
Median Price per SqFt $1,019 $1,282
Median Days on Market 63
Sold Properties Sep 2026Aug 2026Sep 2025
Condos 5 ▼87.5% 37 40
Median Selling Price $ 640,000 ▼7.0% $ 688,000 $ 688,500
Median Price per SqFt $859 ▼17.0% $965 $1,035
Median Days on Market 481831
Median Discount Off Ask 7.7%4.5%3.8%
New Listings 3012253
Months of Inventory 9.8

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.