405 1502 ISLAND PARK WALK
Vancouver, BC V6H3Z8
$848,000
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $698/mo
- Annual property tax
- $2,750.33 (2025)
Interior
- Heating
- Baseboard heaters, Electric
- Fireplace
- None
Exterior & Lot
- View
- View
- Waterfront
- Waterfront
Parking
- Total spaces
- 1
Restrictions & Policies
- Pets
- Allowed with restrictions
- Rentals
- Allowed with restrictions
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Listing Information
- MLS®
- R3141642
- Listed
- July 1, 2026
- Time on market
- On the market for 62 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Select Properties · Data source: CREA DDF.
Description
This exceptional one-bedroom penthouse features an oversized, versatile floor plan and breathtaking southwest-facing views over the tranquil lagoons, False Creek Marina, North Shore Mountains and skyline. Floor-to-ceiling windows and solarium-style skylights bathe the home in natural light throughout the year. Completely renovated in 2024, this stunning residence showcases a sophisticated retro-chic design that blends modern style with the charm of a romantic waterfront retreat. Enjoy an unparalleled False Creek lifestyle just steps from the Seawall, Granville Island, waterfront parks, cafés, and restaurants. A rare opportunity to own a beautifully renovated penthouse and experience Vancouver waterfront living at its finest. (id:63159)
Values & Trends
This listing
$889/sqft
Building average
—
No other active listings in this building
Vancouver average
$1,094/sqft
2087 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Apartment Market Stats — Vancouver
Monthly figures from the Fraser Valley Real Estate Board for Vancouver apartmentlistings — not specific to this property.
MLS® HPI Benchmark Price
$729,200
Jul 2026
Average Sale Price
$892,419
Jul 2026
Monthly Sales
342
Jul 2026
Active Listings
2,222
Jul 2026
Sales-to-Active Ratio
15.0%
Jul 2026
Median Days to Contract
25 days
Jul 2026
MLS® HPI Benchmark Price
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
17°C
Clear
Humidity 100%
Wind WNW 13 km/h
Tonight
14°
Tuesday
20°
Tuesday night
15°
Wednesday
19°
Wednesday night
14°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
662,248
(2021 Census)
+4.9% since 2016
Density: 5,749.7/km²
Dwellings: 328,347
Median household income: $82,000
After-tax: $72,000
Immigrant population: 42.2%
Top countries of origin (% of total population)
- China9.6% · 63,270
- Philippines4.5% · 29,925
- Hong Kong3.8% · 25,485
- India2.2% · 14,640
- United Kingdom1.9% · 12,895
- Viet Nam1.8% · 12,115
- Taiwan1.5% · 9,865
- United States of America1.5% · 9,790
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
70
8/9 categories nearby
Transit
33
5 stop(s) within 800m
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Vancouver Alternate School | Secondary | 801 m |
| Henry Hudson Elementary | Elementary | 820 m |
| False Creek Elementary | Elementary | 902 m |
| Anchor Point Montessori(Independent) | Elementary | 908 m |
| Elsie Roy Elementary | Elementary | 1.1 km |
| Lord Tennyson Elementary | Elementary | 1.2 km |
| Canada Royal Arts High School(Independent) | Secondary | 1.3 km |
| St Augustine's(Independent) | Elementary | 1.3 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
| Stop | Type | Distance |
|---|---|---|
| Westbound W 2nd Ave @ Anderson St | — | 94 m |
| Eastbound W 2nd Ave @ Anderson St | — | 102 m |
| Eastbound W 2nd Ave @ Fir St | — | 169 m |
| Southbound Fir St @ W 2nd Ave | — | 236 m |
| Northbound Fir St @ W 4th Ave | — | 306 m |
Nearby Places
Restaurants (5+)
- The Vancouver Fish Company · 1517 Anderson Street105 m
- Cofu Pressed Sushi · 1833 Anderson Street127 m
- Tony's Fish and Oyster Café · 1511 Anderson Street127 m
- Afghan Horsemen Restaurant · Anderson Street129 m
- Sushi Hanabi · 1542 West 2nd Avenue168 m
Cafes (5+)
- My Island Cafe · 1550 Anderson Street118 m
- The Corner Store Cafe · Anderson Street127 m
- Oidé Coffee · 1548 West 2nd Avenue182 m
- Café Prado · 1809 Fir Street240 m
- That's It Cafe · 1612 West 1st Avenue248 m
Grocery (3)
- No Frills · 1688 West 4th Avenue452 m
- Loblaws · 1461 West Broadway732 m
- Fresh Street Market · 1423 Continental Street781 m
Parks (5+)
- Unnamed258 m
- Sutcliffe Park264 m
- Unnamed280 m
- Granville Loop Park346 m
- Unnamed358 m
Shopping (1)
- Kids Market · 1496 Cartwright Street148 m
Gyms (5+)
- False Creek Community Fitness Centre295 m
- Space & Soul · 1644 West 6th Avenue562 m
- Ron Zalko Fitness & Yoga · 1807 West 1st Avenue631 m
- GoodLife Fitness · 1401 West 8th Avenue646 m
- Dynasty Gym/CrossFit Palace · 1449 Hornby Street740 m
Pharmacies (1)
- London Drugs · 1431 Continental Street719 m
Banks & ATMs (5+)
- CIBC125 m
- RBC258 m
- Vancity259 m
- Instacoin ATM348 m
- RBC Royal Bank · 1465 West Broadway732 m
Nearby places data: © OpenStreetMap contributors.
School district: Vancouver (SD39)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.1% ($59,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.