508 1540 W 2nd Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R3126673

$1,399,000
Est. Mortgage $6,189/mo
1 Beds
1 Baths
963 sqft
1453 $ /sqft
695.94 $ Maint. fee
2001 built
$1,399,000
Est. $6,189/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

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Property Details for 508 1540 W 2nd Avenue

Owning a piece of the Waterfall Building is a rare privilege—a lifestyle choice that exudes both value and sophistication. The building’s location is unparalleled, nestled at the edge of False Creek, bordering the Kitsilano neighbourhood. This residence is protected by a view cone, ensuring its breathtaking vistas will remain unobstructed by future construction. The unit boasts a stunning rooftop, accessible via a magnificent private staircase. This terrace stands out as one of the few units in the building with an outdoor garden, offering both intimacy and spectacular views. With an outdoor dining area, seating for four, and a fire pit, it becomes the perfect space for evening gatherings, offering sweeping views of Vancouver's skyline and surrounding mountains. OPEN HOUSE Apr 12th 2-4pm

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features Elevator, Storage
Heating Type Radiant
Laundry In Unit
# of Kitchens 1
Flooring Concrete
Foundation Concrete Perimeter

Exterior Features

View Description City
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $1,399,000
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 963
Year Built 2001
Age Of Building 25
Building Type Apartment/Condo
Property Type Residential
Architecture Style Loft/Warehouse Conv.
Stories 2
Building Amenities Trash, Hot Water, Sewer
Ownership Type Freehold Strata
Maintenance Fee $695.94
Amenities Nearby Trash, Hot Water, Sewer
Utility Type Community, Electricity Connected, Water Connected
Utility Sewer Public Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Underground
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Yes With Restrictions

Lot & Land

MLS® # R3126673
Area Vancouver West
Neighbourhood False Creek
City Vancouver
Postal Code V6J 1H2
Gross Taxes $3,647.9
Zoning C-2B

Property Timeline

Status Date Price
R3126673 / Active 05-19-2026 $1,399,000
R3099349 / Terminated 03-12-2026 $1,399,000
Rooms
Floor Type Dimensions
Main Level Living Room 13'11 x 13'11 ft
Main Level Kitchen 11'1 x 11'1 ft
Main Level Foyer 8'4 x 8'4 ft
Above Level Primary Bedroom 15'11 x 15'11 ft
Above Level Office 14'10 x 14'10 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #3

Listed by: Century 21 In Town Realty

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.

Map & Neighbourhood

Public Schools

Secondary
Kitsilano Secondary School
1.92 km
Elementary
Henry Hudson Elementary School
Average
0.67 km
6.2/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St. Augustine's
1.06 km
Secondary
Century High School
0.76 km

Closest Transit

Bus Stop
Eastbound W 2nd Ave @ Fir St
0.04 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn
1.42 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Above Average

Demographics

Post-Secondary Education
Above Average
57.9%
No Certificate/Degree
Below Average
4%
Owner Occupied
Below Average
57.5%
Employment Rate
Below Average
34.3%

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 508 1540 W 2nd Avenue

BC Assessment Value — 508 1540 W 2nd Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 025-151-681).
Total Assessed Value (2026)
$1,112,000
-7.0% YoY
-1.7%/yr over 4 yr
2022 Value Trend 2026
Land
$838,000
Buildings
$274,000
Year Built
2001
Class
Commercial
Zoning
C-2B
Property Tax
$3,741
Year Land Improvements Total Assessed YOY Change
2026 $838,000 $274,000 $1,112,000
-7.0%
2025 $901,000 $295,000 $1,196,000
-2.7%
2024 $926,000 $303,000 $1,229,000
-4.1%
2023 $966,000 $316,000 $1,282,000
+7.8%
2022 $877,000 $312,000 $1,189,000

Mortgage Calculator for 508 1540 W 2nd Avenue

/month
Principal & Interest
Property Taxes $304
Maintenance fee 695.94
Based on a 30-year fixed at 4% interest with 20% down ($279,800), the estimated monthly payment for this listing is $6,343/month — $5,343 principal & interest, $304 property tax, $696 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
At an estimated rental income of $4,197/month, this property runs a $2,206/month shortfall after mortgage and carrying costs. Break-even requires approximately 54% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — False Creek, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $1,399,000
Vancouver Loading...
False Creek Loading...

Based on 11 comparable active apartments/condos in False Creek, the average asking price is $1,001,089. This listing is priced 39.7% above the neighbourhood average.

Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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