1540 2nd Ave W - False Creek South, Vancouver West Side
Waterfall stands on West 2nd Avenue on the southern edge of False Creek, a 2001 building near Granville Island and the Fairview Slopes. The False Creek seawall and Granville Island's public market are a short walk north, with Charleson Park and the marinas close by and South Granville's shops nearby to the south. With a walkable address near the creek and Granville Island, Waterfall is a comfortable home.
0
For Rent
0
Currently Rented
0
Total Managed
Waterfall
1540 2nd Ave W
False Creek South, Vancouver West Side, BC
V6J 1H2
Year Built2001
Suites91
Walk Score & What's Nearby
97
Excellent
🚇Transit
25/254 min
🛒Grocery
25/255 min
🍽️Dining
20/203 min
🌳Parks
11/156 min
🎓Schools
11/159 min
Based on distance to nearest amenities.
🛒 Grocery
Justin's NOFRILLS Vancouver 5 min
La Win Supermarket 10 min
🌳 Parks
Seaforth Peace Park 6 min
Kitsilano Community Garden 12 min
🍽️ Dining
The Keg Steakhouse + Bar - Granville Island 3 min
The Sandbar Seafood Restaurant 5 min
Cheesecake Etc 5 min
🎓 Schools
PTIB - PTIRU Private College/institution help and more 9 min
Assessed value: City of Vancouver 2026 roll, all strata lots. Other figures: BC Assessment, 2026.
Waterfall Assessed Value History
2006
$18.3M
2026
$46.7M
Change
+156%
20062026
Total building assessed value (land + improvements, all units) per City of Vancouver assessment rolls, 2006-2026.
Recent Building Permits at Waterfall
Nov 2024
Addition / Alteration · $180,000
#205 Interior alterations to provide improvements to this existing Restaurant Class 1 tenant at #205 on level 2 of this mixed-use commercial/artist live-work st…
Mar 2024
Addition / Alteration · $164,000
Exterior and interior alterations to combine unit #206 & #207 into one unit and provide tenant improvements to a Health Care Office tenant on the ground floor o…
Oct 2021
Addition / Alteration · $100,000
#512 Interior alterations to provide improvements to this unit (512) in this existing mixed use building on this site. Scope of work: Relocate interior walls fo…
Jan 2020
Addition / Alteration · $162,000
Including the letter of operation, dated Sep. 15, 2021, signed by Frederik Salari the Director of AER Skinlab to change of use from Retail to Beauty and Wellnes…
Mar 2017
Addition / Alteration · $160,000
High Density Housing / Commercial - Addition / Alteration - Change of major occupancy from an office to a restaurant (A2) on the 2nd storey of this existing mix…
Source: City of Vancouver issued building permits, open data. A history of permitted work is a sign of an actively maintained building.
About False Creek South
False Creek South lines the south shore of False Creek between the Granville and Cambie bridges, one of Vancouver's most distinctive waterfront communities. Built in the 1970s as a deliberate mixed-income experiment, it blends co-op and strata housing, low-rise condos, and even houseboat moorings along a continuous seawall, with Granville Island and its Public Market at the western end. The seawall is the spine - a flat walking and cycling path past marinas, Charleson Park, and the False Creek ferries that hop to Yaletown, downtown, and Science World. It's leafy, low-rise, and family-friendly, with the shops of Granville Island and South Granville close and the West Side's amenities up the slope. False Creek South suits anyone who wants a quiet, green, water's-edge setting beside Granville Island, with the seawall at the door and downtown a short ferry ride across the creek.
Pet policies at Waterfall are set per unit by each owner - many of our rentals here welcome pets on approval. Check the individual listing or call us at 604-984-7368.
What is Waterfall's assessed value?
Per the 2026 City of Vancouver assessment roll, Waterfall (all strata lots, land and improvements) has a total assessed value of $46,739,584.
How has Waterfall's value changed over time?
City of Vancouver assessment rolls show Waterfall's total assessed value went from $18.3M in 2006 to $46.7M in 2026 - a change of +156%.
Are there rentals available in Waterfall right now?
Not at the moment, but units at Waterfall come up regularly - join our waitlist or browse other False Creek South rentals and we'll notify you when one is listed.
