406 525 WHEELHOUSE SQUARE
Vancouver, BC V5Z4L8
$1,079,000
Amenities
Also listed: Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $773/mo
- Annual property tax
- $3,390.85 (2026)
Interior
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling / A/C
- Air Conditioned
- Fireplace
- None
- Appliances
- All
Exterior & Lot
- View
- View
- Waterfront
- Waterfront
- Pool
- Indoor pool
- Lot features
- Central location, Elevator
Building
- Parcel ID (PID)
- 016-002-610
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Underground, Visitor Parking
Restrictions & Policies
- Pets
- Not allowed
- 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®
- R3158331
- Listed
- August 24, 2026
- Time on market
- On the market for 7 days
- Tax assessment year
- 2026
- Data last synced
- August 31, 2026
Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.
Description
A rare opportunity to own FREEHOLD waterfront living in one of False Creek's most desirable communities! Live an active, connected lifestyle with the seawall right outside your door - perfect for walking, running, cycling and enjoying the waterfront year-round. This bright two-bedroom plus den and two-bathroom, 1,097 square foot penthouse features spectacular False Creek and Downtown Vancouver views, AIR CONDITIONING, cozy gas fireplace and a brand-new skylight bringing in an abundance of natural light. Large rooms throughout and a bright den which is perfect for a home office or reading nook. One parking stall and one storage locker are also included. Steps to Olympic Village SkyTrain Station, Stamps Landing, the water taxi and just a short stroll to Granville Island. Enjoy fantastic amenities including an indoor pool, hot tub, clubhouse and exercise room, plus a welcoming community with regular neighbour gatherings. Open Houses: Saturday, August 29th & Sunday, August 30th from 2-4pm. (id:63159)
Values & Trends
This listing
$984/sqft
Building average
$1,018/sqft
3 active listing(s)
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
15°C
Clear
Humidity 100%
Wind NW 5 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
59
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 |
|---|---|---|
| Elsie Roy Elementary | Elementary | 548 m |
| False Creek Elementary | Elementary | 772 m |
| Canada Royal Arts High School(Independent) | Secondary | 776 m |
| Claren Academy(Independent) | Elementary | 910 m |
| Lowell High School(Independent) | Secondary | 1.1 km |
| Blessed Sacrament School(Independent) | Elementary | 1.2 km |
| šxʷwəq̓ʷəθət Crosstown Elementary | Elementary | 1.3 km |
| St. Patrick Regional Secondary(Independent) | Secondary | 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 |
|---|---|---|
| Olympic Village Station @ Platform 1 | — | 304 m |
| Olympic Village Station @ Platform 2 | — | 304 m |
| Olympic Village Station @ Bay 2 | — | 331 m |
| Olympic Village Station @ Bay 1 | — | 332 m |
| Westbound W 2nd Ave @ Crowe St | — | 354 m |
Nearby Places
Restaurants (5+)
- Bae Side · 601 Stamps Landing148 m
- Riviera Cafe & Restaurant168 m
- Yume Dining · 410 West 2nd Avenue333 m
- Restaurant Kavita · 250 West 3rd Avenue478 m
- Provence Marinaside · 1177 Marinaside Crescent506 m
Cafes (5+)
- Pallet Coffee Roasters · 2035 Yukon Street336 m
- Cafe & Life Co. · 511 West 7th Avenue454 m
- The Skript Kitchen · 250 West 3rd Avenue487 m
- Caffè Cittadella · 2310 Ash Street490 m
- Honest to Pete Roasters · 2109 Alberta Street509 m
Grocery (5+)
- Save-On-Foods · 2308 Cambie Street532 m
- Urban Fare · 177 Davie Street568 m
- Whole Foods Market · 510 West 8th Avenue587 m
- No Frills · 310 West Broadway789 m
- Save-On-Foods · 1688 Salt Street790 m
Parks (5+)
- Barbara Howard Plaza352 m
- Coopers' Park · 1020 Marinaside Crescent485 m
- Hinge Park · 215 West 1st Avenue505 m
- Habitat Island Park520 m
- Ring Gear570 m
Shopping (2)
- Canadian Tire · 2290 Cambie Street482 m
- Winners · 491 West 8th Avenue582 m
Gyms (5+)
- Anytime Fitness · 489 West 2nd Avenue274 m
- F45 Training · 433 West 8th Avenue612 m
- Original Yin Qi Gong Gym · 434 West 8th Avenue636 m
- Precision Athletics · 507 West Broadway639 m
- Rumble Boxing · 968 Expo Boulevard655 m
Pharmacies (5+)
- Save-On-Foods Pharmacy · 2308 Cambie Street534 m
- London Drugs · 525 West Broadway631 m
- Landcaster Medical Supplies & Prescriptions · 601 West Broadway658 m
- The Pharmacy Yaletown · 1251 Pacific Street692 m
- The Medicine Shoppe · 777 West Broadway717 m
Banks & ATMs (5+)
- Unnamed161 m
- Coast Capital Savings · 120 Davie Street540 m
- Bitcoin ATM Coinsite · 1168 Pacific Boulevard598 m
- RBC · 1196 Pacific Boulevard606 m
- RBC Royal Bank · 505 West Broadway645 m
Nearby places data: © OpenStreetMap contributors.
School district: Vancouver (SD39)
Other Listings in This Building
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Financial Ledger
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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.