Home Vancouver, BC False Creek Henley Court 406 525 Wheelhouse Square

406 525 Wheelhouse Square, Vancouver BC - Apartment/Condo for Sale - MLS# R3158331

Name: Open House: 406 525 Wheelhouse Square, MLS#R3158331
Start: 2026-08-29T13:00:00-07:00
End: 2026-08-29T15:00:00-07:00
Location: 406 525 Wheelhouse Square, Vancouver, BC

1 day on the market

$1,079,000

Est. Mortgage $4,773/mo

Listing updated: Aug 24, 2026 at 03:02pm

EstateBlock checked: Aug 24, 2026 at 11:25pm

Henley Court

2 Beds

2 Baths

1097 sqft

984 $ /sqft

772.64 $ Maint. fee

1990 built

NEW OPEN HOUSE

1 day on the market

$1,079,000

Est. $4,773/mo with 20% down

Listing updated: Aug 24, 2026 at 03:02pm

EstateBlock checked: Aug 24, 2026 at 11:25pm

Photos

Exterior Front Photo of 406 525 Wheelhouse Square, Vancouver, BC

Exterior Rear Photo of 406 525 Wheelhouse Square, Vancouver, BC

Living Room Photo of 406 525 Wheelhouse Square, Vancouver, BC

Family Room Photo of 406 525 Wheelhouse Square, Vancouver, BC

Dining Area Photo of 406 525 Wheelhouse Square, Vancouver, BC

Kitchen Photo of 406 525 Wheelhouse Square, Vancouver, BC

Kitchen Island Photo of 406 525 Wheelhouse Square, Vancouver, BC

Pantry Photo of 406 525 Wheelhouse Square, Vancouver, BC

Breakfast Nook Photo of 406 525 Wheelhouse Square, Vancouver, BC

Primary Bedroom Photo of 406 525 Wheelhouse Square, Vancouver, BC

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 & enjoying the waterfront year-round. This bright 2bed+den/2bath 1,097sf penthouse feats spectacular water and city views, AC, 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/reading nook. 1 parking & 1 locker are also incl. Steps to Olympic Village SkyTrain, Stamps Landing, the water taxi and just a short stroll to Granville Island. Enjoy fantastic amenities incl an indoor pool, hot tub, clubhouse & gym. Opens: Sat, Aug 29th & Sun, Aug 30th from 2-4pm.

Open houses

29 Aug, 2026 (01:00 PM to 03:00 PM)

30 Aug, 2026 (01:00 PM to 03:00 PM)

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features	Elevator, Storage
Fireplace	1
Heating Type	Baseboard, Electric, Heat Pump
Cooling	Central Air, Air Conditioning
Laundry	In Unit
# of Kitchens	1
Flooring	Laminate, Tile
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Balcony
View Description	False Creek & Downtown Van
Roof	Other
Structures	Multi Family, Residential Attached

Building Details

Price	$1,079,000
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	1097
Year Built	1990
Age Of Building	36
Building Type	Apartment/Condo
Property Type	Residential
Architecture Style	Penthouse
Stories	1
Building Amenities	Clubhouse, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Sewer, Water
Building Name	Henley Court
Ownership Type	Freehold Strata
Maintenance Fee	$772.64
Community Features	Shopping Nearby
Amenities Nearby	Clubhouse, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Sewer, Water
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Underground, Guest, Front Access
Total Parking Spaces	1
Strata Restrictions	Pets Not Allowed,Rentals Allwd w/Restrctns
Pet Restrictions	No Cats, No Dogs, No

Lot & Land

MLS^® #	R3158331
Area	Vancouver West
Neighbourhood	False Creek
City	Vancouver
Postal Code	V5Z 4L8
Gross Taxes	$3,390.85
Zoning	FCCDD

Property Timeline

Status	Date	Price
R3158331 / Active	08-24-2026	$1,079,000

Rooms

Floor	Type	Dimensions
Main Level	Foyer	7'3 x 7'3 ft
Main Level	Living Room	17'2 x 17'2 ft
Main Level	Dining Room	10'10 x 10'10 ft
Main Level	Kitchen	10'1 x 10'1 ft
Main Level	Primary Bedroom	13'10 x 13'10 ft
Main Level	Walk-In Closet	11'2 x 11'2 ft
Main Level	Bedroom	12'3 x 12'3 ft
Main Level	Den	8'8 x 8'8 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#4
Main Level	No	#3

Listed by: Oakwyn Realty Ltd.

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
False Creek Elementary School: Average 0.76 km 6/10
Secondary
Kitsilano Secondary School: Above Average 3.55 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,Secondary
Eaton Arrowsmith School (Vancouver) Ltd: 0.27 km
Elementary,Secondary
Eaton Arrowsmith School (Vancouver) Ltd: 0.27 km

Closest Transit

Bus Stop
Olympic Village Station @ Bay 2: 0.33 km
Skytrain
Skytrain @ Olympic Village Stn: 0.30 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

60 / 100

Overall sell-speed score

Moderate pace expected

B+

Price competition grade

Avg comparable: $1,143,740

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.30 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

1 DOM

Very fast

False Creek avg

49 DOM

Average

Vancouver avg

49 DOM

Slower market

406 525 Wheelhouse Square has a sell-speed score of 60/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 6% below comparable active properties in False Creek, which is a strong competitive signal. 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 may take several weeks to attract serious offers.

Climate Risk for V5Z 4L8

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5Z 4L8, 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 (~3 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 (153 nearby)

Busy bee gold · 482 m · Laundry
Canadian tire · 482 m · Department Store
Reckless the bike store · 515 m · Bicycle Shop

Restaurants (142 nearby)

Yume dining · 332 m · Restaurant
Restaurant kavita · 477 m · Restaurant
Provence marinaside · 506 m · Restaurant

Cafes (51 nearby)

Cafe & life co. · 454 m · Cafe
The skript kitchen · 486 m · Cafe
Caffè cittadella · 490 m · Cafe

Groceries (41 nearby)

Big rock beer shop · 439 m · Beverages
7-eleven · 469 m · Convenience
Small victory bakery · 510 m · Bakery

Healthcare (14 nearby)

Save-on-foods pharmacy · 534 m · Healthcare
London drugs · 631 m · Healthcare
Landcaster medical supplies & prescriptions · 658 m · Healthcare

Transit (4 nearby)

Skytrain @ olympic village stn station · 301 m · Transit
Skytrain @ yaletown-roundhouse stn station · 703 m · Transit
Skytrain @ broadway-city hall stn station · 736 m · Transit

Gyms (1 nearby)

Cycklus · 819 m · Gym

Schools NearBy

45 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	0	Distance 268 m
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 546 m
False Creek Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.0 / 10	Distance 764 m
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 775 m
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 775 m
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 903 m
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 957 m
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.11 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.24 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 1.34 KM
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 1.39 KM
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	0	Distance 1.43 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 1.45 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 1.47 KM
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 1.47 KM
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	0	Distance 1.50 KM
St Patrick's	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 1.52 KM
St Francis Xavier	Independent	Grades Served —	Catchment Info —	9.6 / 10	Distance 1.58 KM
Columbia College	Independent	Grades Served 11-12	Catchment Info —	0	Distance 1.58 KM
St. Francis Xavier	Independent	Grades Served K-7	Catchment Info —	9.6 / 10	Distance 1.59 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info —	2.1 / 10	Distance 1.64 KM
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 1.69 KM
Mount Pleasant Elementary School	Public	Grades Served K-7	Catchment Info —	5.3 / 10	Distance 1.71 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 1.75 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 1.75 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 1.80 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 1.80 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 1.83 KM
Florence Nightingale Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 1.89 KM
Century High School	Independent	Grades Served 10-12	Catchment Info —	5.7 / 10	Distance 2.19 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 2.26 KM
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.33 KM
Westside Montessori	Independent	Grades Served K	Catchment Info —	0	Distance 2.44 KM
David Livingstone Elementary School	Public	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 2.46 KM
Vancouver Talmud Torah Elementary School	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 2.48 KM
Lord Tennyson Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.50 KM
Lord Roberts Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 2.53 KM
General Wolfe Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.55 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info —	6.2 / 10	Distance 2.70 KM
St. Augustine's	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 2.71 KM
Admiral Seymour Elementary School	Public	Grades Served K-7	Catchment Info —	0	Distance 2.84 KM
York House School	Independent	Grades Served K-12	Catchment Info —	9.3 / 10	Distance 2.87 KM
Charles Dickens Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 2.90 KM
St. John's School	Independent	Grades Served K-12	Catchment Info —	9.8 / 10	Distance 2.92 KM
Little Flower Academy	Independent	Grades Served 8-12	Catchment Info —	10.0 / 10	Distance 2.98 KM

Pre-computed routes from 406 525 Wheelhouse Square, Vancouver, BC

406 525 Wheelhouse Square, Vancouver, BC Olympic Village 0.3 km

13 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Olympic Village → Waterfront
13 min
Metrotown, Burnaby via Olympic Village → Metrotown
31 min
SFU Burnaby via Olympic Village → Production Way
38 min
Richmond Centre via Olympic Village → Brighouse
26 min
YVR Airport via Olympic Village → YVR-Airport
27 min

By car (off-peak)

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

Calculate your commute

406 525 Wheelhouse Square, Vancouver, BC is ideally located for commuters. The property is 0.3 km from Olympic Village, with a 13 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Olympic Village Station @ Bay 2 (0.33 km). Walk Score Transit rating: Rider's Paradise (94/100).

Walkability & Transit Near 406 525 Wheelhouse Square

Car-Dependent 92

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 94

Transit Score - Rider's Paradise

World-class public transportation

Somewhat
Bikeable 94

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

BC Assessment Value — 406 525 Wheelhouse Square

2026 assessed value, sourced from City of Vancouver open data (PID 016-002-610).

Total Assessed Value (2026)

$1,008,000

-4.7% YoY

-0.7%/yr over 4 yr

2022 Value Trend 2026

Land

$841,000

Buildings

$167,000

Year Built

1990

Class

Comprehensive Development

Zoning

FCCDD

Property Tax

$3,391

Year	Land	Improvements	Total Assessed	YOY Change
2026	$841,000	$167,000	$1,008,000	-4.7%
2025	$883,000	$175,000	$1,058,000	-1.2%
2024	$894,000	$177,000	$1,071,000	-1.7%
2023	$909,000	$180,000	$1,089,000	+5.0%
2022	$822,000	$215,000	$1,037,000	—

Mortgage Calculator for 406 525 Wheelhouse Square

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $283

Maintenance fee 772.64

A 20% down payment of $215,800 on this $1,079,000 listing yields an estimated mortgage of $4,121/month (30-year fixed, 4%). Total estimated housing cost: $5,177/month, $283 property tax, $773 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: Aug 24, 2026

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Maintenance Fee

Rental Income

Vacancy Rate

Down Payment

Down Payment (percent)

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

With $3,075/month in estimated rental income against $5,223/month in mortgage payments, the monthly cashflow is -$2,147/month. A 62% 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 406 525 Wheelhouse Square, Vancouver

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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.