507 - 1249 Granville Street, Downtown VW, Vancouver, V6Z 1M5 – 1 Bed Condo for Sale
1 Bath · MLS: R3131193
Details
Description
Rare opportunity to own a short-term rental-friendly property in the heart of Downtown Vancouver. Welcome to The Lex on Granville, a standout investment opportunity where Airbnb and all rental types are permitted. This bright and efficiently designed 1 Bed + Den offers 538 sq ft of functional open-concept living, complete with a versatile flex space ideal for a home office or owner storage. Located just steps from Skytrain, restaurants, entertainment, shopping, and everyday conveniences, this prime downtown location attracts strong year-round demand. Whether you''re looking to generate short-term rental income, or own a downtown home with exceptional flexibility, this property offers a rare combination of location, value, and income potential.
Strata ByLaws
History
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About Downtown VW, Vancouver — Condos Market
Over the past 12 months, 538 condos have sold in Downtown VW, Vancouver, with properties spending an average of 47 days on market. Sign in to view sold price data.
There are currently 396 other condos for sale in Downtown VW. Browse all Downtown VW condos for sale.
Amenities
Features
Site Influences
Property Information
| MLS® # | R3131193 |
| Property Type | Apartment |
| Dwelling Type | Apartment Unit |
| Home Style | Multi Family,Residential Attached |
| Kitchens | 1 |
| Year Built | 2003 |
| Parking | None |
| Tax | $1,706 in 2025 |
| Strata No | BCS336 |
| Postal Code | V6Z 1M5 |
| Complex Name | The Lex |
| Strata Fees | $327 |
| Address | 507 - 1249 Granville Street |
| Subarea | Downtown VW |
| City | Vancouver |
| Listed By | Prompton Real Estate Services Inc. |
Floor Area (sq. ft.)
| Main Floor | 538 |
| Above | 538 |
| Total | 538 |
Location
| Date | Address | Bed | Bath | Kitchen | Asking Price | $/Sqft | DOM | Levels | Built | Living Area | Lot Size |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 06/02/2026 | This Property | 1 | 1 | 1 | $499,000 | Login to View | 12 | 1 | 2003 | 538 sqft | N/A |
| 06/08/2026 | 710 550 Taylor Street |
1 | 1 | 1 | $488,000 | Login to View | 6 | 1 | 2005 | 578 sqft | N/A |
| 06/08/2026 | 1003 1133 Hornby Street |
1 | 1 | 1 | $480,000 | Login to View | 6 | 1 | 2017 | 500 sqft | N/A |
| 05/26/2026 | 406 518 Beatty Street |
1 | 1 | 1 | $499,900 | Login to View | 19 | 1 | 1996 | 703 sqft | N/A |
| 10/27/2025 | 810 438 Seymour Street |
1 | 1 | 1 | $499,900 | Login to View | 230 | 1 | 1997 | 538 sqft | N/A |
| 05/25/2026 | 2705 1308 Hornby Street |
1 | 1 | 1 | $479,900 | Login to View | 20 | 1 | 2014 | 471 sqft | N/A |
| 01/26/2026 | 905 66 W Cordova Street |
1 | 1 | 1 | $478,888 | Login to View | 139 | 1 | 2012 | 535 sqft | N/A |
| 05/13/2026 | 301 1189 Howe Street |
1 | 1 | 1 | $499,990 | Login to View | 32 | 1 | 1999 | 606 sqft | N/A |
| 04/07/2026 | 204 128 W Cordova Street |
1 | 1 | 1 | $480,000 | Login to View | 68 | 1 | 2009 | 650 sqft | N/A |
| 05/19/2026 | 1104 789 Drake Street |
1 | 1 | 1 | $475,000 | Login to View | 26 | 1 | 1990 | 682 sqft | N/A |
| 05/15/2026 | 2010 438 Seymour Street |
1 | 1 | 1 | $521,000 | Login to View | 30 | 1 | 1996 | 540 sqft | N/A |
| Date | Address | Bed | Bath | Kitchen | Asking Price | Sold Price | $/Sqft | DOM | Levels | Built | Living Area | Lot Size |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 05/30/2026 | 2203 788 Richards Street |
2 | 2 | 1 | $899,900 | $892,500 (-0.8%) | Login to View | 47 | 1 | 2008 | 910 sqft | N/A |
| 05/21/2026 | 1909 1111 Richards Street |
3 | 2 | 1 | $1,738,000 | $1,700,000 (-2.2%) | Login to View | 65 | 1 | 2021 | 1,293 sqft | N/A |
| 05/20/2026 | 1005 811 Helmcken Street |
2 | 2 | 1 | $695,000 | $682,000 (-1.9%) | Login to View | 1 | 1 | 1994 | 823 sqft | N/A |
| 05/17/2026 | 309 1255 Seymour Street |
1 | 2 | 1 | $799,999 | $765,000 (-4.4%) | Login to View | 38 | 1 | 2008 | 882 sqft | N/A |
| 05/06/2026 | 1201 183 Keefer Place |
1 | 1 | 1 | $699,000 | $650,000 (-7.0%) | Login to View | 72 | 1 | 1995 | 759 sqft | N/A |
| 05/04/2026 | 2102 833 Seymour Street |
1 | 1 | 1 | $534,900 | $525,000 (-1.9%) | Login to View | 27 | 1 | 2010 | 578 sqft | N/A |
| 04/28/2026 | 713 1333 Hornby Street |
0 | 1 | 1 | $339,900 | $330,000 (-2.9%) | Login to View | 8 | 1 | 1982 | 462 sqft | N/A |
| 04/27/2026 | 808 888 Homer Street |
1 | 1 | 1 | $535,000 | $530,000 (-0.9%) | Login to View | 28 | 1 | 2011 | 552 sqft | N/A |
| 04/25/2026 | 903 1238 Seymour Street |
1 | 1 | 1 | $629,000 | $615,000 (-2.2%) | Login to View | 25 | 2 | 1996 | 682 sqft | N/A |
| 04/24/2026 | 2805 1289 Hornby Street |
2 | 2 | 1 | $1,195,000 | $1,130,000 (-5.4%) | Login to View | 30 | 1 | 2022 | 810 sqft | N/A |
| Date | Address | Bed | Bath | Kitchen | Asking Price | $/Sqft | DOM | Levels | Built | Living Area | Lot Size |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 39 minutes ago | 806 1330 Burrard Street |
1 | 1 | 1 | $488,500 | Login to View | 0 | 1 | 1978 | 536 sqft | N/A |
| 1 day ago | 3904 667 Howe Street |
2 | 3 | 1 | $4,800,000 | Login to View | 2 | 1 | 2013 | 2,203 sqft | N/A |
| 2 days ago | 301 689 Abbott Street |
2 | 2 | 1 | $848,000 | Login to View | 2 | 1 | 2009 | 930 sqft | N/A |
| 2 days ago | 2607 1111 Richards Street |
3 | 3 | 1 | $1,700,000 | Login to View | 3 | 1 | 2021 | 1,265 sqft | N/A |
| 3 days ago | 306 68 Smithe Street |
1 | 1 | 1 | $718,000 | Login to View | 3 | 1 | 2016 | 560 sqft | N/A |
| 3 days ago | 4306 1289 Hornby Street |
0 | 1 | 1 | $698,000 | Login to View | 3 | 1 | 2022 | 467 sqft | N/A |
| 3 days ago | 4805 777 Richards Street |
3 | 2 | 1 | $1,898,000 | Login to View | 3 | 1 | 2016 | 1,142 sqft | 1,142 sqft |
| 3 days ago | 2103 1189 Howe Street |
1 | 1 | 1 | $539,000 | Login to View | 4 | 1 | 1999 | 605 sqft | N/A |
| 3 days ago | 2305 833 Homer Street |
1 | 1 | 1 | $749,000 | Login to View | 4 | 1 | 2010 | 694 sqft | N/A |
| 4 days ago | 501 1133 Hornby Street |
1 | 1 | 1 | $509,000 | Login to View | 4 | 1 | 2017 | 503 sqft | N/A |
| Date | Address | Bed | Bath | Kitchen | Asking Price | $/Sqft | DOM | Levels | Built | Living Area | Lot Size |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 days ago | 110 2263 Redbud Lane |
1 | 1 | 1 | $800,000 | Login to View | 3 | 1 | 2002 | 820 sqft | N/A |
| 2 days ago | 204 2483 Spruce Street |
1 | 1 | 1 | $609,000 | Login to View | 3 | 1 | 2006 | 714 sqft | N/A |
| 2 days ago | 2206 1438 Richards Street |
1 | 1 | 1 | $949,000 | Login to View | 3 | 1 | 2004 | 755 sqft | N/A |
| 2 days ago | 608 27 Alexander Street |
1 | 1 | 1 | $699,000 | Login to View | 3 | 1 | 1997 | 701 sqft | N/A |
| 3 days ago | 101 1099 W 71st Avenue |
1 | 1 | 1 | $498,000 | Login to View | 3 | 0 | 1997 | 579 sqft | N/A |
| 3 days ago | 2103 1189 Howe Street |
1 | 1 | 1 | $539,000 | Login to View | 4 | 1 | 1999 | 605 sqft | N/A |
| 3 days ago | 217 288 W 1st Avenue |
1 | 1 | 1 | $749,900 | Login to View | 4 | 1 | 2012 | 648 sqft | N/A |
| 3 days ago | 2305 833 Homer Street |
1 | 1 | 1 | $749,000 | Login to View | 4 | 1 | 2010 | 694 sqft | N/A |
| 4 days ago | 208 2321 Scotia Street |
1 | 1 | 1 | $749,000 | Login to View | 4 | 1 | 2011 | 698 sqft | N/A |
| 4 days ago | 305 4550 Fraser Street |
1 | 1 | 1 | $685,000 | Login to View | 4 | 1 | 2011 | 740 sqft | N/A |
Condo for Sale in Downtown VW, Vancouver
Condo for sale in Downtown VW, Vancouver — listed at $499,000. This 1 bedroom, 1 bathroom condo offers 538 sq ft of living space ($928/sq ft) and was built in 2003. Located in the The Lex complex in Downtown VW, Vancouver. Home style: Multi Family,residential Attached. Parking: None. Outdoor: Shopping Nearby, No Outdoor Area, Central Location, Marina Nearby. Building amenities include Exercise Centre, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities. Property features include Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave, Smoke Detector(s). View: City. Strata bylaws: Cats Ok, Dogs Ok, Number Limit (two), Pets Allowed W/rest. Monthly strata fees are $327. Annual property taxes: $1,706 (2025). Listed by Prompton Real Estate Services Inc. — MLS® #R3131193.
Frequently Asked Questions About 507 - 1249 Granville Street
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Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. - The advertising on this website is provided on behalf of BC Condos & Homes - Re/Max Crest Realty, 300 - 1195 W Broadway, Vancouver, BC
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