406 525 Wheelhouse Square — Vancouver West


$ 1,079,000 FOR SALE MLS# R3158331
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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.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.

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Property Details

Bedrooms2
Bathrooms2
Living Area1,097 sqft
Property TypeResidential – Apartment/Condo
StylePenthouse
MLS® R3158331
StatusActive
Listing BrokerOakwyn 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
Condos72
Median Asking Price $ 834,000 $ 1,079,000
Median Price per SqFt $1,116 $984
Median Days on Market 51
Sold Properties Aug 2026Jul 2026Aug 2025
Condos 0 ▼100.0% 4 18
Median Selling Price ▼100.0% $ 997,500 $ 781,900
Median Price per SqFt ▼100.0% $1,183 $1,106
Median Days on Market 1121
Median Discount Off Ask 3.0%2.8%
New Listings 20187
Months of Inventory 9.6

At the current sales pace, it would take about 10 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

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.