Home Vancouver, BC False Creek Island Cove 547 1515 W 2nd Avenue

547 1515 W 2nd Ave, Vancouver BC - Apartment/Condo for Sale - MLS# R3159346

11 days on the market

$1,168,000

Est. Mortgage $5,167/mo

Listing updated: Sep 4, 2026 at 07:25pm

EstateBlock checked: Sep 6, 2026 at 05:10am

Island Cove

2 Beds

2 Baths

1310 sqft

892 $ /sqft

766.07 $ Maint. fee

1989 built

11 days on the market

$1,168,000

Est. $5,167/mo with 20% down

Listing updated: Sep 4, 2026 at 07:25pm

EstateBlock checked: Sep 6, 2026 at 05:10am

Photos

Exterior Front Photo of 547 1515 W 2nd Avenue, Vancouver, BC

Exterior Rear Photo of 547 1515 W 2nd Avenue, Vancouver, BC

Living Room Photo of 547 1515 W 2nd Avenue, Vancouver, BC

Family Room Photo of 547 1515 W 2nd Avenue, Vancouver, BC

Dining Area Photo of 547 1515 W 2nd Avenue, Vancouver, BC

Kitchen Photo of 547 1515 W 2nd Avenue, Vancouver, BC

Kitchen Island Photo of 547 1515 W 2nd Avenue, Vancouver, BC

Pantry Photo of 547 1515 W 2nd Avenue, Vancouver, BC

Breakfast Nook Photo of 547 1515 W 2nd Avenue, Vancouver, BC

Primary Bedroom Photo of 547 1515 W 2nd Avenue, Vancouver, BC

Waterfront, FREEHOLD living in heart of False Creek: coveted "Island Cove" @ Granville Island's entrance. Spacious, 2-lvl, 1,310sf, 2-bdrm, 2-bath home w/loads of storage + 2 balconies. Well-maintained. Enjoy open-concept entertaining across kitchen/dining/living. Impress guests w/floor-to-ceiling, wall-to-wall windows leading to glass-railing balcony & VIEW. Huge, primary bdrm feat's 4pc ensuite, private balc'y & 3 closets(!). 2 parking secured underground. Gym, sauna, & caretaker. Pro-active strata w/recent, comprehensive bldg envelope renewal: balconies, decks, curtain wall, & ext. coatings. Max 1 pet. Peak Vancouver lifestyle w/Granv-Isl’s restaurants, Public Market + theatres; walk-/run-/bik-ing paradise on False Creek Seawall; + hop over Granville St Bridge or Aquabus ride to dwntwn.

Interior Features

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

Exterior Features

Exterior Features	Balcony
View Description	False Creek, mtns, & lagoon
Roof	Torch-On
Structures	Multi Family, Residential Attached

Building Details

Price	$1,168,000
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	1310
Year Built	1989
Age Of Building	37
Building Type	Apartment/Condo
Property Type	Residential
Architecture Style	Reverse 2 Storey
Stories	2
Building Amenities	Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Management, Recreation Facilities, Sewer, Snow Removal, Water
Building Name	Island Cove
Ownership Type	Freehold Strata
Maintenance Fee	$766.07
Community Features	Shopping Nearby
Amenities Nearby	Exercise Centre, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Management, Recreation Facilities, Sewer, Snow Removal, Water
Utility Type	Electricity Connected, Water Connected
Utility Sewer	Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Underground, Tandem, Side Access, Garage Door Opener
Total Parking Spaces	2
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Cats OK, Dogs OK, Number Limit (One), Yes With Restrictions

Lot & Land

MLS^® #	R3159346
Area	Vancouver West
Neighbourhood	False Creek
City	Vancouver
Postal Code	V6J 5C5
Gross Taxes	$3,760.88
Zoning	FCCDD

Property Timeline

Status	Date	Price
R3159346 / Active	08-26-2026	$1,168,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	13'11 x 13'11 ft
Main Level	Dining Room	12'6 x 12'6 ft
Main Level	Kitchen	9'2 x 9'2 ft
Main Level	Primary Bedroom	16'9 x 16'9 ft
Main Level	Storage	8'6 x 8'6 ft
Below	Bedroom	10'9 x 10'9 ft
Below	Walk-In Closet	7'3 x 7'3 ft
Below	Foyer	15'1 x 15'1 ft

Bathrooms

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

Listed by: RE/MAX Westcoast & RE/MAX Westcoast

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 0.76 km 6.2/10
Secondary
Kitsilano Secondary School: Above Average 2.05 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 1.19 km 8.9/10
Secondary
VISST: Above Average 0.7 km 9.9/10

Closest Transit

Bus Stop
Eastbound W 2nd Ave @ Anderson St: 0.02 km
Skytrain
Skytrain @ Yaletown-Roundhouse Stn: 1.29 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

52 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $1,086,240

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 1.29 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

11 DOM

Very fast

False Creek avg

49 DOM

Average

Vancouver avg

49 DOM

Slower market

547 1515 W 2nd Avenue has a sell-speed score of 52/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 7% 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 may take several weeks to attract serious offers.

Climate Risk for V6J 5C5

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6J 5C5, 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 (124 nearby)

Glamstar beauty & nails · 46 m · Beauty Shop
Aer skinlab · 121 m · Beauty Shop
Reckless bike stores · 157 m · Bicycle Shop

Restaurants (116 nearby)

Straight outta brooklyn nyc pizzeria · 41 m · Fast Food
Cofu pressed sushi · 45 m · Restaurant
Afghan horsemen restaurant · 46 m · Restaurant

Cafes (44 nearby)

The corner store cafe · 48 m · Cafe
Hy tea lounge · 107 m · Cafe
Oidé coffee · 127 m · Cafe

Groceries (35 nearby)

Bakery 101 · 69 m · Bakery
Granville island brewing retail store · 228 m · Beverages
Brewing august · 237 m · Beverages

Healthcare (5 nearby)

Pharmasave · 754 m · Healthcare
Shaughnessy pharmacy · 761 m · Healthcare
London drugs · 794 m · Healthcare

Transit (1 nearby)

Bus stop westbound beach ave @ thurlow st · 937 m · Transit

Schools NearBy

44 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
VISST	Independent	Grades Served —	Catchment Info —	9.9 / 10	Distance 698 m
St. Lawrence School	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 757 m
Henry Hudson Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.2 / 10	Distance 762 m
Queen Alexandra Elementary School	Public	Grades Served K-7	Catchment Info —	5.7 / 10	Distance 765 m
Century High School	Independent	Grades Served 10-12	Catchment Info —	5.7 / 10	Distance 857 m
False Creek Elementary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 900 m
False Creek Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 903 m
Lord Tennyson Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 1.14 KM
Elsie Roy Elementary School	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 1.18 KM
St. Augustine's	Independent	Grades Served K-7	Catchment Info —	8.9 / 10	Distance 1.19 KM
Canada Royal Arts High School	Independent	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.23 KM
Eaton Arrowsmith School (Vancouver) Ltd	Independent	Grades Served —	Catchment Info —	0	Distance 1.44 KM
St. John's School	Independent	Grades Served K-12	Catchment Info —	9.8 / 10	Distance 1.45 KM
Claren Academy	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 1.46 KM
Fraser Academy	Independent	Grades Served 2-12	Catchment Info —	6.2 / 10	Distance 1.56 KM
Pattison High School	Independent	Grades Served 9-12	Catchment Info —	0	Distance 1.58 KM
Blessed Sacrament School	Independent	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.87 KM
Lord Roberts Elementary School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 1.93 KM
Vancouver Technical Secondary School	Public	Grades Served 8-12	Catchment Info —	7.1 / 10	Distance 2.01 KM
Lowell High School	Independent	Grades Served 10-12	Catchment Info —	0	Distance 2.02 KM
The Westside School	Independent	Grades Served K-9	Catchment Info —	8.8 / 10	Distance 2.02 KM
Kitsilano Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.2 / 10	Distance 2.05 KM
Columbia Academy	Independent	Grades Served 10-12	Catchment Info —	0	Distance 2.22 KM
King George Secondary School	Public	Grades Served 8-12	Catchment Info —	6.2 / 10	Distance 2.26 KM
SelfDesign Learning Community (DL)	Independent	Grades Served —	Catchment Info —	5.7 / 10	Distance 2.30 KM
York House School	Independent	Grades Served K-12	Catchment Info —	9.3 / 10	Distance 2.31 KM
Madrona School	Independent	Grades Served K-9	Catchment Info —	8.3 / 10	Distance 2.33 KM
Franklin School	Independent	Grades Served —	Catchment Info —	4.1 / 10	Distance 2.33 KM
Emily Carr Elementary School	Public	Grades Served K-7	Catchment Info —	7.8 / 10	Distance 2.33 KM
General Gordon Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.35 KM
Lord Strathcona Community Elementary School	Public	Grades Served K-7	Catchment Info —	2.1 / 10	Distance 2.38 KM
Little Flower Academy	Independent	Grades Served 8-12	Catchment Info —	10.0 / 10	Distance 2.39 KM
Shaughnessy Elementary School	Public	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.39 KM
Edith Cavell Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.43 KM
Alexander Academy	Independent	Grades Served 8-12	Catchment Info —	6.1 / 10	Distance 2.46 KM
Westside Montessori	Independent	Grades Served K	Catchment Info —	0	Distance 2.47 KM
Vancouver Talmud Torah Elementary School	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 2.57 KM
Simon Fraser Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.60 KM
Sino Bright School BC	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 2.65 KM
St.Patrick Regional Secondary School	Independent	Grades Served 8-12	Catchment Info —	6.9 / 10	Distance 2.77 KM
St.Patrick's Elementary School	Independent	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.81 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 2.92 KM
Carnarvon Community Elementary	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 2.93 KM

Pre-computed routes from 547 1515 W 2nd Ave, Vancouver, BC

547 1515 W 2nd Ave, Vancouver, BC Yaletown-Roundhouse 1.3 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

547 1515 W 2nd Ave, Vancouver, BC is ideally located for commuters. The property is 1.3 km from Yaletown-Roundhouse, with a 22 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound W 2nd Ave @ Anderson St (0.02 km). Walk Score Transit rating: Excellent Transit (80/100).

Walkability & Transit Near 547 1515 W 2nd Avenue

Car-Dependent 99

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 — 547 1515 W 2nd Avenue

2026 assessed value, sourced from City of Vancouver open data (PID 015-160-459).

Total Assessed Value (2026)

$1,118,000

-6.2% YoY

+3.7%/yr over 4 yr

2022 Value Trend 2026

Land

$763,000

Buildings

$355,000

Year Built

1989

Class

Comprehensive Development

Zoning

FCCDD

Property Tax

$3,761

Year	Land	Improvements	Total Assessed	YOY Change
2026	$763,000	$355,000	$1,118,000	-6.2%
2025	$812,882	$379,000	$1,191,882	+9.3%
2024	$744,000	$346,000	$1,090,000	+0.5%
2023	$741,000	$344,000	$1,085,000	+12.1%
2022	$653,000	$315,000	$968,000	—

Mortgage Calculator for 547 1515 W 2nd Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $313

Maintenance fee 766.07

Based on a 30-year fixed at 4% interest with 20% down ($233,600), the estimated monthly payment for this listing is $5,540/month — $4,461 principal & interest, $313 property tax, $766 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: Sep 4, 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

At an estimated rental income of $3,329/month, this property runs a $2,261/month shortfall after mortgage and carrying costs. Break-even requires approximately 61% down.

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

Estateblock Rent Estimate for 547 1515 W 2nd Avenue, 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.