Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 40
1 bed · 1 bath · 770 sq ft · 1 parking
Condo · Single Family · built 2005 · 62 days on market
Listed by Jayden Sharma, eXp Realty
Realtor's description
ICONIC "01" STACK - OVERSIZED 1 BED + DEN AT PARK WEST ONE. Perched high on the 15th flr, this rare SE corner residence by Concord Pacific offers a PROTECTED view corridor over George Wainborn Park & False Creek that can never be built out. Featuring the gold-standard layout, this home includes an exceptionally versatile, oversized den with floor-to-ceiling windows-ideal as a Jr 2nd Bdrm, nursery, or executive office, delivering true 2-bdrm functionality with seamless flow. Expansive glass wraps the entire living area, flooding the home with light & framing the water. Luxury meets stability in Yaletown´s elite Beach District. Enjoy world-class CLUB VIVA amenities: 80´ indoor lap pool, 2 private squash courts, fitness centre, theatre, & 24hr concierge. Proactive strata with major capital projects complete & low ~$600/mo fees. Includes parking stall & private storage locker. Steps to the Seawall, Aquabus, & fine dining. An investor-grade trophy asset for those who refuse to compromise.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 770 sq ft
- Parking
- 1
- Year built
- 2005
- Property tax
- $3,006 / yr
- Strata fee
- $602 / mo ($0.78 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 62
- MLS®
- R3153922
Features
- Central location
- Private setting
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
- Refrigerator
Monthly cost
$4,970/mo
Mortgage $4,117 · Tax $251 · Strata $602
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
- −$3,062/mo
- Cap rate
- 1.3%
- yearly net rent ÷ price
Costs: mortgage $4,117 · tax $251 · strata $602 · 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 Elsie Roy Elementaryhomes in this catchment
400 m away · 150 Drake St, Vancouver · 604-713-5890
- Secondary King George Secondaryhomes in this catchment
2.1 km away · 1755 Barclay St, Vancouver · 604-713-8999
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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