By car (off-peak)
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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.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Fireplace | 1 |
| Heating Type | Baseboard, Electric |
| # of Kitchens | 1 |
| Flooring | Carpet |
| Foundation | Concrete Perimeter |
| Exterior Features | Balcony |
|---|---|
| View Description | Water, City and Marina |
| Roof | Asphalt |
| Structures | Multi Family, Residential Attached |
| Price | $848,000 |
|---|---|
| Total Bedrooms | 1 |
| Total Bathrooms | 1 |
| Full Bathrooms | 1 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 954 |
| Year Built | 1989 |
| Age Of Building | 37 |
| Building Type | Apartment/Condo |
| Property Type | Residential |
| Stories | 1 |
| Building Amenities | Caretaker, Trash, Maintenance Grounds, Management, Sewer, Snow Removal, Water |
| Building Name | The Lagoons |
| Ownership Type | Leasehold prepaid-Strata |
| Maintenance Fee | $698 |
| Community Features | Shopping Nearby |
| Amenities Nearby | Caretaker, Trash, Maintenance Grounds, Management, Sewer, Snow Removal, Water |
| Utility Type | Community |
| Utility Sewer | Public Sewer |
| Water (WaterSource) | Public |
| Parking Type | Garage Under Building, Rear Access |
| Total Parking Spaces | 1 |
| Strata Restrictions | Pets Allowed w/Rest.,Rentals Allwd w/Restrctns |
| Pet Restrictions | Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions |
| Rental Suites | None |
| Units In Development | 89 |
| Lot Size Depth | Feet |
|---|---|
| MLS® # | R3141642 |
| Area | Vancouver West |
| Neighbourhood | False Creek |
| City | Vancouver |
| Postal Code | V6H 3Z8 |
| Gross Taxes | $2,750.33 |
| Zoning | FCCDD |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Foyer | 9'4 x 9'4 ft |
| Main Level | Living Room | 27'7 x 27'7 ft |
| Main Level | Dining Room | 17'6 x 17'6 ft |
| Main Level | Primary Bedroom | 15'3 x 15'3 ft |
| Main Level | Kitchen | 10'3 x 10'3 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | Yes | #4 |
Listed by: RE/MAX Select Properties
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
405 1502 Island Park Walk has a sell-speed score of 50/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced in line with comparable active properties in False Creek. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6H 3Z8, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.
Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~4.5 km). Annual avg AQHI 2.2 — Low Risk.
Vancouver currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.
Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.
Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Calculate your commute
405 1502 Island Park Walk, Vancouver, BC is ideally located for commuters. The property is 1.2 km from Yaletown-Roundhouse, with a 22 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound W 2nd Ave @ Anderson St (0.09 km). Walk Score Transit rating: Excellent Transit (80/100).
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $676,000 | $107,000 | $783,000 |
-11.2%
|
| 2025 | $761,000 | $121,000 | $882,000 |
-1.2%
|
| 2024 | $770,000 | $123,000 | $893,000 |
+8.2%
|
| 2023 | $712,000 | $113,000 | $825,000 |
+6.7%
|
| 2022 | $657,000 | $116,000 | $773,000 | — |
Based on 11 comparable active apartments/condos in False Creek, the average asking price is $778,111. This listing is priced 9% above the neighbourhood average.
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