Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 34
1 bed · 1 bath · 562 sq ft · 1 parking
Condo · Single Family · built 2009 · 22 days on market
Listed by Ethan Guan, Royal Pacific Realty (Kingsway) Ltd.
Realtor's description
Welcome to ESPAÑA in the heart of Downtown Vancouver! This functional 1-bedroom plus den home features a versatile den, full kitchen and secure parking with EV charging. Enjoy resort-style amenities, including 24/7 concierge, indoor pool, hot tub, sauna, gym and recreation room. Steps to SkyTrain, Rogers Arena, BC Place, Costco, T&T, restaurants, shopping and the seawall. SHORT TERM RENTALS permitted; check City and strata bylaws. Perfect for homeowners or investors!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 562 sq ft
- Parking
- 1
- Year built
- 2009
- Property tax
- $1,894 / yr
- Strata fee
- $363 / mo ($0.65 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 22
- MLS®
- R3166928
Features
- Central location
- Elevator
- Pets Allowed
- All
Monthly cost
$3,505/mo
Mortgage $2,984 · Tax $158 · Strata $363
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,112/mo
- After all costs
- −$1,597/mo
- Cap rate
- 2.4%
- yearly net rent ÷ price
Costs: mortgage $2,984 · tax $158 · strata $363 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-bedroom in Downtown, Vancouver (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Vancouver also charges an empty homes tax. vancouver.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
VancouverGoogle Maps ↗
Schools
Catchment schools, Vancouver School Board
- Elementary šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
- Secondary Britannia Secondaryhomes in this catchment
2.6 km away · 1001 Cotton Dr, Vancouver · 604-713-8266
From the Vancouver School Board's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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