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$874,900

1702 1238 MELVILLE STREET

Vancouver · MLS® R3166097

2 bed · 2 bath · 953 sq ft · 1 parking

Condo · Single Family · built 1996 · 21 days on market

Listed by Seta Monfred, Royal Pacific Lions Gate Realty Ltd.

BRIGHT 17th floor home at Pointe Claire, a concrete tower in Coal Harbour. This 2 bed+ DEN, 2 bath, 953 square ft residence faces the water w views of the marina & North Shore Mountains. Big windows fill the open living & dining space w natural light all day. Smart layout w a separate den for work from home, a flex room & generous in-suite storage. Laminate floors, two full baths & in-suite laundry. 24 hour Concierge with awesome building amenities: an indoor pool, hot tub, sauna, steam, fitness centre & outdoor building space. Steps to the Seawall, Stanley Park, Urban Fare, Coal Harbour Community Centre, cafes & restaurants. 1 secure parking. Rentals allowed, pets welcome! Rare chance to own a water view home in Vancouver's best neighbourhood. *OPEN HOUSE Sun Oct 4 & Sat Oct 10 2-4PM*

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 953 sq ft
Parking: 1
Year built: 1996
Property tax: $2,822 / yr
Strata fee: $700 / mo ($0.73 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 21
MLS®: R3166097

Buying in a building from 1982 to 2000: what to read first

Below typical for the area (-10.0%)

2026 assessment: $839,000 · asking is +4.3%
Price per sq ft: $918 vs $1,020 median for condos in Vancouver for sale (2066)
Last sold: $865,000 · Sep 5, 2024

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Pets Allowed With Restrictions
All

On market 21 days

Listed now: 42 days; median for 2066 condos for sale; this one 21 days

Condos in Vancouver. Sale prices register 1 to 3 months after a sale closes.

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Vancouver School Board

Elementary cəw̓as Ch’elxwá7elch Skwuláw̓txw Seaside Elementaryhomes in this catchment
Secondary King George Secondaryhomes in this catchment
800 m 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.

$4,747/mo

Mortgage $3,812 · Tax $235 · Strata $700

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$3,812/ monthly

loan $699,920

25-year amortization

down payment20% · $174,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $443,637
property transfer tax: $15,498; BC general rate
cash to close: $190,478; down + PTT
total paid: $1,143,557

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $3,258/mo
After all costs: −$1,785/mo
Cap rate: 2.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,812 · tax $235 · strata $700 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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

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