508 1540 W 2nd Avenue — Vancouver West


$ 5,500 FOR RENT MLS# R3148288
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Architecturally stunning, fully furnished 2-level penthouse loft by renowned architect Arthur Erickson in the iconic Waterfall Building, steps from Granville Island. This designer-renovated 963 sq. ft. home features polished concrete floors, floating concrete staircase, custom kitchen with gas range, island and banquette, floor-to-ceiling windows, curated furnishings, office/mezzanine with guest wall beds, and original Erickson-designed bathroom. Enjoy a private rooftop terrace with 360° views of the city, mountains and False Creek, complete with BBQ, fire table and lounge seating. Walk to the Seawall, Kitsilano, cafés, restaurants, galleries and transit from one of Vancouver's most sought-after live/work buildings.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms1
Bathrooms1
Living Area963 sqft
Property TypeResidential Lease – Apartment/Condo
MLS® R3148288
StatusRented
Listing BrokerSunstar Realty Ltd.

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed

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Market Overview

False Creek · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos107
Median Asking Price $ 849,000 $ 5,500
Median Price per SqFt $1,091 $6
Median Days on Market 62
Sold Properties Sep 2026Aug 2026Sep 2025
Condos 1 ▼93.3% 14 15
Median Selling Price $ 628,000 ▼16.3% $ 751,750 $ 750,000
Median Price per SqFt $1,090 ▲2.3% $1,083 $1,066
Median Days on Market 163137
Median Discount Off Ask 2.3%2.3%2.4%
New Listings 22430
Months of Inventory 6.8

At the current sales pace, it would take about 7 months to sell all the homes currently for sale here — a Balanced market.

SELLER'S
BALANCED
BUYER'S

Homes for sale and active buyers are fairly evenly matched, so neither side has a clear advantage.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

False Creek: Number of Sales

False Creek: Median Sold Price

False Creek: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for False Creek. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.