Home Vancouver, BC False Creek The Lagoons 405 1502 Island Park Walk

405 1502 Island Park Walk, Vancouver BC - Apartment/Condo for Sale - MLS# R3141642

50 days on the market

$848,000

Est. Mortgage $3,752/mo

Listing updated: Jul 1, 2026 at 11:04am

EstateBlock checked: Aug 18, 2026 at 08:30pm

The Lagoons

1 Beds

1 Baths

954 sqft

889 $ /sqft

698 $ Maint. fee

1989 built

50 days on the market

$848,000

Est. $3,752/mo with 20% down

Listing updated: Jul 1, 2026 at 11:04am

EstateBlock checked: Aug 18, 2026 at 08:30pm

Photos

Exterior Front Photo of 405 1502 Island Park Walk, Vancouver, BC

Exterior Rear Photo of 405 1502 Island Park Walk, Vancouver, BC

Living Room Photo of 405 1502 Island Park Walk, Vancouver, BC

Family Room Photo of 405 1502 Island Park Walk, Vancouver, BC

Dining Area Photo of 405 1502 Island Park Walk, Vancouver, BC

Kitchen Photo of 405 1502 Island Park Walk, Vancouver, BC

Kitchen Island Photo of 405 1502 Island Park Walk, Vancouver, BC

Pantry Photo of 405 1502 Island Park Walk, Vancouver, BC

Breakfast Nook Photo of 405 1502 Island Park Walk, Vancouver, BC

Primary Bedroom Photo of 405 1502 Island Park Walk, Vancouver, BC

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.

Interior Features

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

Exterior Features	Balcony
View Description	Water, City and Marina
Roof	Asphalt
Structures	Multi Family, Residential Attached

Building Details

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 & Land

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

Property Timeline

Status	Date	Price
R3141642 / Active	06-30-2026	$848,000
to view full Property History (1 earlier record)

Rooms

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

Bathrooms

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.

Map & Neighbourhood

Public Schools

Elementary
Henry Hudson Elementary School: Average 0.77 km 6.2/10
Secondary
Kitsilano Secondary School: Above Average 2.11 km 7.2/10

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

Private Schools

Elementary
St. Augustine's: Above Average 1.25 km 8.9/10
Secondary
VISST: Above Average 0.77 km 9.9/10

Closest Transit

Bus Stop
Westbound W 2nd Ave @ Anderson St: 0.09 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn: 1.23 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 51.2%
No Certificate/Degree: Below Average 4.9%
Owner Occupied: Below Average 44.8%
Employment Rate: Below Average 43.7%

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

Sell Speed & Competition

41 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $636,000

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 1.23 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How FALSE CREEK compares

This property

50 DOM

Average

False Creek avg

49 DOM

Average

Vancouver avg

49 DOM

Faster market

405 1502 Island Park Walk has a sell-speed score of 41/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 25% above comparable active properties in False Creek. The local market is currently a Balanced Market with a sales-to-active ratio of 16.1% and an area average of 49 days on market — conditions are balanced. With only 1245 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V6H 3Z8

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).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

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.

Air Quality B / Good

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.

Heat Low

Vancouver currently sees ~1 day 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.

Precipitation Increasing

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.

Drought Stable

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.

Nearby Restaurants, Cafes & Shops

Shopping (118 nearby)

Glamstar beauty & nails · 125 m · Beauty Shop
The granville island toy company · 135 m · Toy Shop
Half time sports · 139 m · Sports Shop

Restaurants (116 nearby)

The vancouver fish company · 105 m · Restaurant
Straight outta brooklyn nyc pizzeria · 123 m · Fast Food
Cofu pressed sushi · 126 m · Restaurant

Cafes (48 nearby)

My island cafe · 117 m · Cafe
The corner store cafe · 126 m · Cafe
Hy tea lounge · 174 m · Cafe

Groceries (39 nearby)

Bakery 101 · 60 m · Bakery
Granville island brewing retail store · 179 m · Beverages
A bread affair · 280 m · Bakery

Healthcare (5 nearby)

London drugs · 718 m · Healthcare
Shaughnessy pharmacy · 815 m · Healthcare
Pharmasave · 831 m · Healthcare

Gyms (1 nearby)

Baza dance studios · 965 m · Gym

Transit (1 nearby)

Bus stop eastbound w broadway @ alder st · 930 m · Transit

Schools NearBy

44 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.2 / 10	Distance 770 m
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 774 m
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 819 m
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 822 m
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 899 m
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 900 m
Century High School	Independent	Grades Served 10-12	Catchment Info —	5.7 / 10	Distance 938 m
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 1.14 KM
Lord Tennyson Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 1.21 KM
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.24 KM
St. Augustine's	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 1.25 KM
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 1.39 KM
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	0	Distance 1.43 KM
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	0	Distance 1.50 KM
St. John's School	Independent	Grades Served K-12	Catchment Info —	9.8 / 10	Distance 1.52 KM
Fraser Academy	Independent	Grades Served 2-12	Catchment Info —	6.2 / 10	Distance 1.62 KM
Lord Roberts Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.86 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.90 KM
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.95 KM
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 1.96 KM
Vancouver Technical Secondary School	Public	Grades Served 8-12	Catchment Info —	7.1 / 10	Distance 2.06 KM
Kitsilano Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.2 / 10	Distance 2.11 KM
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	0	Distance 2.14 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info —	6.2 / 10	Distance 2.18 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 2.25 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 2.25 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info —	2.1 / 10	Distance 2.31 KM
SelfDesign Learning Community (DL)	Independent	Grades Served —	Catchment Info —	5.7 / 10	Distance 2.36 KM
York House School	Independent	Grades Served K-12	Catchment Info —	9.3 / 10	Distance 2.39 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 2.39 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 2.39 KM
General Gordon Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.39 KM
Little Flower Academy	Independent	Grades Served 8-12	Catchment Info —	10.0 / 10	Distance 2.47 KM
Shaughnessy Elementary School	Public	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.47 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.47 KM
Westside Montessori	Independent	Grades Served K	Catchment Info —	0	Distance 2.53 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 2.58 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.61 KM
Vancouver Talmud Torah Elementary School	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 2.64 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 2.76 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.82 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.90 KM
Trafalgar Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 3.00 KM
Carnarvon Community Elementary	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 3.00 KM

Pre-computed routes from 405 1502 Island Park Walk, Vancouver, BC

405 1502 Island Park Walk, Vancouver, BC Yaletown-Roundhouse 1.2 km

22 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Yaletown-Roundhouse → Waterfront
22 min
Metrotown, Burnaby via Yaletown-Roundhouse → Metrotown
40 min
SFU Burnaby via Yaletown-Roundhouse → Production Way
47 min
Richmond Centre via Yaletown-Roundhouse → Brighouse
39 min
YVR Airport via Yaletown-Roundhouse → YVR-Airport
40 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
3 min
Metrotown, Burnaby via Lougheed Hwy
13 min
SFU Burnaby via Gaglardi Way
19 min
Richmond Centre via No. 3 Rd
14 min
YVR Airport via Bridgeport / Sea Island
11 min

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).

Walkability & Transit Near 405 1502 Island Park Walk

Car-Dependent 98

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 80

Transit Score - Excellent Transit

Transit is convenient for most trips

Somewhat
Bikeable 86

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 405 1502 Island Park Walk

2026 assessed value, sourced from City of Vancouver open data (PID 010-198-296).

Total Assessed Value (2026)

$783,000

-11.2% YoY

+0.3%/yr over 4 yr

2022 Value Trend 2026

Land

$676,000

Buildings

$107,000

Year Built

1989

Class

Comprehensive Development

Zoning

FCCDD

Property Tax

$2,634

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	—

Mortgage Calculator for 405 1502 Island Park Walk

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $229

Maintenance fee 698

A 20% down payment of $169,600 on this $848,000 listing yields an estimated mortgage of $3,239/month (30-year fixed, 4%). Total estimated housing cost: $4,166/month, $229 property tax, $698 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: Jul 1, 2026

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Maintenance Fee

Rental Income

Vacancy Rate

Down Payment

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/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

With $2,899/month in estimated rental income against $4,219/month in mortgage payments, the monthly cashflow is -$1,320/month. A 53% down payment would reach break-even.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 405 1502 Island Park Walk, Vancouver

Buy Vs Rent Calculator

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Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.