523 159 W 2nd Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R3145627

55 days on the market
$539,000
Est. Mortgage $2,385/mo
Listing updated:
EstateBlock checked:
Tower Green
1 Beds
1 Baths
524 sqft
1029 $ /sqft
385.68 $ Maint. fee
2017 built
5.3% price reduction 20.9% cheaper than comps
55 days on the market
$539,000
$569,000
Est. $2,385/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 523 159 W 2nd Avenue

5.3% price reduction 20.9% cheaper than comps

Welcome to Tower Green! This bright, efficient north-facing home offers the ultimate False Creek lifestyle. Every inch of this modern concrete condo maximizes functionality, featuring floor-to-ceiling windows, a sleek open kitchen with premium appliances, seamless living/dining, and a versatile den perfect for a home office. Unwind in the spa-like bathroom after a long day. Boasting a 99 Walk Score and 97 Transit Score, effortless urban living is at your doorstep. Enjoy premium amenities: concierge, gym, bike room, club house, and rooftop garden. Unbeatable location steps from the Seawall, Olympic Village, Skytrain, and top-tier dining. Includes 1 secure parking stall. Turn-key ready and waiting for you!

Interior Features

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

Exterior Features

Exterior Features Garden, No Outdoor Area
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $539,000
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 524
Year Built 2017
Age Of Building 9
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Bike Room, Clubhouse, Exercise Centre, Concierge, Trash, Maintenance Grounds, Management, Recreation Facilities
Building Name Tower Green
Ownership Type Freehold Strata
Maintenance Fee $385.68
Community Features Shopping Nearby
Amenities Nearby Bike Room, Clubhouse, Exercise Centre, Concierge, Trash, Maintenance Grounds, Management, Recreation Facilities
Utility Type Community, Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public
Parking Type Garage Under Building
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
Units In Development 177

Lot & Land

Lot Size Depth Feet
MLS® # R3145627
Area Vancouver West
Neighbourhood False Creek
City Vancouver
Postal Code V5Y 0L8
Gross Taxes $1,976.99
Zoning CD-1

Property Timeline

Status Date Price
R3145627 / Active 07-13-2026 $539,000
Rooms
Floor Type Dimensions
Main Level Kitchen 5'1 x 5'1 ft
Main Level Den 7'9 x 7'9 ft
Main Level Bedroom 7'11 x 7'11 ft
Main Level Dining Room 7' x 7' ft
Main Level Living Room 7'3 x 7'3 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Macdonald 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

Elementary
Simon Fraser Elementary School
Above Average 1.37 km 7.6/10

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
0.83 km
Elementary,Secondary
Eaton Arrowsmith School (Vancouver) Ltd
0.83 km

Closest Transit

Bus Stop
Westbound W 2nd Ave @ Manitoba St
0.08 km
Skytrain
Skytrain @ Olympic Village Stn
0.64 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average 58.9%
No Certificate/Degree
Below Average 2.8%
Owner Occupied
Average 72.3%
Employment Rate
Below Average 33%

Noise/ Power Lines

Road/Hwy Noise
Possible
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

75 / 100
Overall sell-speed score
Likely within 1–3 weeks
A+
Price competition grade
Avg comparable: $651,651
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.64 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How FALSE CREEK compares
This property
55 DOM
Average
False Creek avg
49 DOM
Average
Vancouver avg
49 DOM
Faster market

523 159 W 2nd Avenue has a sell-speed score of 75/100, placing it in the "Expected to sell within 1–3 weeks" band. The listing is priced 20.9% 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 likely to attract offers within 1–3 weeks.

Climate Risk for V5Y 0L8

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5Y 0L8, 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 (~2.4 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

Restaurants (107 nearby)

  • Ophelia · 14 m · Restaurant
  • Jay nok · 21 m · Restaurant
  • Pizza hut · 32 m · Restaurant

Shopping (90 nearby)

  • Silver4 · 40 m · Beauty Shop
  • Bmo · 85 m · Bank
  • Kona's barber shop · 100 m · Hairdresser

Cafes (40 nearby)

  • Jj bean · 108 m · Cafe
  • Honolulu coffee · 118 m · Cafe
  • The bubble tea shop · 119 m · Cafe

Groceries (31 nearby)

  • Save-on-foods · 194 m · Supermarket
  • Legacy liquor · 196 m · Beverages
  • Faculty brewing · 272 m · Beverages

Healthcare (10 nearby)

  • London drugs · 242 m · Healthcare
  • Yyoung medicine mart · 512 m · Healthcare
  • Pharmasave · 669 m · Healthcare

Transit (4 nearby)

  • Skytrain @ olympic village stn station · 636 m · Transit
  • Skytrain @ main street stn station · 685 m · Transit
  • Skytrain @ broadway-city hall stn station · 911 m · Transit

Gyms (1 nearby)

  • Cycklus · 889 m · Gym

Schools NearBy

42 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

Eaton Arrowsmith School (Vancouver) Ltd

Independent

Grades Served

Catchment Info

0

Distance

829 m

Columbia College

Independent

Grades Served

11-12

Catchment Info

0

Distance

962 m

The Westside School

Independent

Grades Served

K-9

Catchment Info

8.8 / 10

Distance

976 m

St Francis Xavier

Independent

Grades Served

Catchment Info

9.6 / 10

Distance

985 m

St.Patrick Regional Secondary School

Independent

Grades Served

8-12

Catchment Info

6.9 / 10

Distance

987 m

St. Francis Xavier

Independent

Grades Served

K-7

Catchment Info

9.6 / 10

Distance

999 m

Elsie Roy Elementary School

Public

Grades Served

K-7

Catchment Info

6.8 / 10

Distance

1.10 KM

St.Patrick's Elementary School

Independent

Grades Served

K-7

Catchment Info

7.6 / 10

Distance

1.15 KM

Mount Pleasant Elementary School

Public

Grades Served

K-7

Catchment Info

5.3 / 10

Distance

1.16 KM

Lowell High School

Independent

Grades Served

10-12

Catchment Info

0

Distance

1.17 KM

St Patrick's

Independent

Grades Served

Catchment Info

8.3 / 10

Distance

1.19 KM

Claren Academy

Independent

Grades Served

Catchment Info

9.0 / 10

Distance

1.26 KM

Canada Royal Arts High School

Independent

Grades Served

Catchment Info

4.6 / 10

Distance

1.30 KM

Simon Fraser Elementary School

Public

Grades Served

K-7

Catchment Info

In Catchment
7.6 / 10

Distance

1.37 KM

False Creek Elementary School

Public

Grades Served

K-7

Catchment Info

6.0 / 10

Distance

1.38 KM

False Creek Elementary

Public

Grades Served

Catchment Info

6.0 / 10

Distance

1.39 KM

Florence Nightingale Elementary School

Public

Grades Served

K-7

Catchment Info

7.0 / 10

Distance

1.43 KM

Blessed Sacrament School

Independent

Grades Served

K-7

Catchment Info

8.0 / 10

Distance

1.52 KM

Columbia Academy

Independent

Grades Served

10-12

Catchment Info

0

Distance

1.56 KM

Sino Bright School BC

Independent

Grades Served

10-12

Catchment Info

4.3 / 10

Distance

1.64 KM

Lord Strathcona Community Elementary School

Public

Grades Served

K-7

Catchment Info

2.1 / 10

Distance

1.65 KM

Alexander Academy

Independent

Grades Served

8-12

Catchment Info

6.1 / 10

Distance

1.74 KM

Pattison High School

Independent

Grades Served

9-12

Catchment Info

0

Distance

1.75 KM

Madrona School

Independent

Grades Served

K-9

Catchment Info

8.3 / 10

Distance

1.89 KM

Franklin School

Independent

Grades Served

Catchment Info

4.1 / 10

Distance

1.89 KM

Edith Cavell Elementary School

Public

Grades Served

K-7

Catchment Info

7.3 / 10

Distance

1.98 KM

Queen Alexandra Elementary School

Public

Grades Served

K-7

Catchment Info

5.7 / 10

Distance

1.98 KM

St. Lawrence School

Independent

Grades Served

Catchment Info

8.2 / 10

Distance

2.06 KM

David Livingstone Elementary School

Public

Grades Served

K-7

Catchment Info

8.0 / 10

Distance

2.22 KM

Admiral Seymour Elementary School

Public

Grades Served

K-7

Catchment Info

0

Distance

2.25 KM

VISST

Independent

Grades Served

Catchment Info

9.9 / 10

Distance

2.29 KM

Charles Dickens Elementary School

Public

Grades Served

K-7

Catchment Info

6.9 / 10

Distance

2.42 KM

General Wolfe Elementary School

Public

Grades Served

K-7

Catchment Info

7.0 / 10

Distance

2.46 KM

Emily Carr Elementary School

Public

Grades Served

K-7

Catchment Info

7.8 / 10

Distance

2.57 KM

Britannia Community Elementary School

Public

Grades Served

K-7

Catchment Info

5.9 / 10

Distance

2.72 KM

Westside Montessori

Independent

Grades Served

K

Catchment Info

0

Distance

2.74 KM

Vancouver Talmud Torah Elementary School

Independent

Grades Served

K-7

Catchment Info

8.4 / 10

Distance

2.76 KM

Century High School

Independent

Grades Served

10-12

Catchment Info

5.7 / 10

Distance

2.80 KM

Britannia Community Secondary School

Public

Grades Served

8-12

Catchment Info

5.0 / 10

Distance

2.80 KM

Charles Dickens Annex

Public

Grades Served

K-3

Catchment Info

0

Distance

2.82 KM

Lord Roberts Elementary School

Public

Grades Served

K-7

Catchment Info

6.0 / 10

Distance

2.93 KM

Henry Hudson Elementary School

Public

Grades Served

K-7

Catchment Info

6.2 / 10

Distance

2.94 KM

Pre-computed routes from 523 159 W 2nd Ave, Vancouver, BC

By transit (Skytrain)

  • Downtown Vancouver via Olympic Village → Waterfront
    17 min
  • Metrotown, Burnaby via Olympic Village → Metrotown
    35 min
  • SFU Burnaby via Olympic Village → Production Way
    42 min
  • Richmond Centre via Olympic Village → Brighouse
    30 min
  • YVR Airport via Olympic Village → YVR-Airport
    31 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
    12 min

Calculate your commute

523 159 W 2nd Ave, Vancouver, BC is ideally located for commuters. The property is 0.6 km from Olympic Village, with a 17 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound W 2nd Ave @ Manitoba St (0.08 km). Walk Score Transit rating: Rider's Paradise (97/100).

Walkability & Transit Near 523 159 W 2nd Avenue

Walk Score Badge
Car-Dependent 99

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 97

Transit Score - Rider's Paradise

World-class public transportation
Bike Score Badge
Somewhat
Bikeable
99

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

BC Assessment Value — 523 159 W 2nd Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 030-311-217).
Total Assessed Value (2026)
$587,000
-7.4% YoY
-0.9%/yr over 4 yr
2022 Value Trend 2026
Land
$399,000
Buildings
$188,000
Year Built
2017
Class
Comprehensive Development
Zoning
CD-1 (531)
Property Tax
$1,975
Year Land Improvements Total Assessed YOY Change
2026 $399,000 $188,000 $587,000
-7.4%
2025 $431,000 $203,000 $634,000
-2.3%
2024 $441,000 $208,000 $649,000
+2.4%
2023 $431,000 $203,000 $634,000
+4.3%
2022 $397,000 $211,000 $608,000

Mortgage Calculator for 523 159 W 2nd Avenue

/month
Principal & Interest
Property Taxes $165
Maintenance fee 385.68
Financing 80% of the $539,000 asking price over 30 years at 4% results in approximately $2,610/month in total estimated carrying costs, $165 property tax, $386 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%
Cap Rate
Cash on Cash
This listing generates an estimated $1,946/month in rental income, leaving a -$717/month cashflow at current carrying costs. Investors targeting break-even would need roughly 48% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 523 159 W 2nd Avenue, Vancouver

Buy Vs Rent Calculator

/ month
Rent
Own
Principal: Interest, tax, insurance, fees:

Rent vs own

Principal paid off by year 5
Principal paid off by year 10

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.

Price vs Neighbourhood Average — False Creek, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $539,000
Vancouver Loading...
False Creek Loading...

Based on 67 comparable active apartments/condos in False Creek, the average asking price is $681,216. This listing is priced 20.9% below the neighbourhood average. This property is flagged as a Hot Deal (5.3% price reduction, 20.9% cheaper than comparables) based on its competitive pricing and market demand.

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

Call or Text Now!

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

Earn Cashback on Your Purchase

Potential Cashback for this listing if you buy with us

$0
out of $4,124
0 of 21 missions

Sign up on Estateblock.com

$206 / 5.00%

Buy with us & save on this property

Walkability & Transit Near 523 159 W 2nd Avenue

Walk Score Badge
Car-Dependent 99

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 97

Transit Score - Rider's Paradise

World-class public transportation
Bike Score Badge
Somewhat
Bikeable
99

Bike Score - Biker's Paradise

Daily errands can be accomplished on a bike

Similar Condos for Sale in False Creek

Recently Sold Homes Near 523 159 W 2nd Avenue