701 289 Drake Street — Vancouver West


$ 1,350,000 FOR SALE MLS# R3156767
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This 1,438 sq ft two-level residence offers tasteful updates and a rarely available city-home layout in the heart of Yaletown. Just steps from the seawall, David Lam Park, the Canada Line, Urban Fare, and much more shopping and dining. Amenities include an indoor pool, hot tub, sauna, fitness centre, and rooftop garden. Parking and locker included.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms2
Bathrooms3
Living Area1,438 sqft
Property TypeResidential – Apartment/Condo
MLS® R3156767
StatusActive
Listing BrokerOakwyn Realty Ltd.

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed
1 event on record for this property

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Market Overview

Yaletown · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos218
Median Asking Price $ 1,024,500 $ 1,350,000
Median Price per SqFt $1,121 $939
Median Days on Market 56
Sold Properties Aug 2026Jul 2026Aug 2025
Condos 1 ▼96.9% 2 32
Median Selling Price $ 640,000 ▼39.3% $ 614,000 $ 1,055,000
Median Price per SqFt $961 ▼13.7% $1,050 $1,113
Median Days on Market 537334
Median Discount Off Ask 8.4%4.0%3.5%
New Listings 435911
Months of Inventory 14.9

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.

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.