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Pemberton Holmes Ltd.

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1903 1238 Melville Street
homes for sale · Vancouver
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$899,000

1903 1238 Melville Street

Vancouver · MLS® R3175989

all units at 1238 Melville St →

321

1,058 sq ft · Condo · Single Family · built 1995 · 9 days on market

listed by Sam Mehrbod, Team 3000 Realty Ltd.

Open house · Sunday, October 25, 2pm–4pm

realtor's description

Welcome to Pointe Claire in the heart of Coal Harbour. This spacious 3-bedroom, 2-bathroom NW corner home offers 1,058 sq. ft. of well-designed living space with beautiful mountain, water and park views. The bright, functional layout features generous bedrooms, a solarium and a flexible additional space ideal for a home office or storage. Enjoy resort-style amenities including an indoor pool, gym, sauna, steam room and 24-hour concierge. Unbeatable location just steps from the seawall, Stanley Park, Harbour Green Park, Robson Street, shopping, dining and transit. A rare opportunity to enjoy spacious downtown living in one of Vancouver's most sought-after neighbourhoods. Open house Sunday 2-4 PM

property details

type
Condo, Single Family
bedrooms
3
bathrooms
2
living area
1,058 sq ft
parking
1
year built
1995
property tax
$3,239 / yr
strata fee
$783 / mo ($0.74 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
9
MLS®
R3175989

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

features

  • Central location
  • Private setting
  • Elevator
  • Wheelchair access
  • Pets Allowed With Restrictions
  • All

floor plans

found among the listing photos.

monthly cost

$4,970/mo
Mortgage $3,917 · Tax $270 · Strata $783

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

estimated payment
$3,917/ monthly
loan $719,200
25-year amortization
total interest
$455,857
property transfer tax
$15,980
BC general rate
cash to close
$195,780
down + PTT
total paid
$1,175,057
transfer tax

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent
$6,010/mo
after all costs
$524/mo
cap rate
5.9%
yearly net rent ÷ price

Costs: mortgage $3,917 · tax $270 · strata $783 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Downtown, Vancouver: CMHC's average there ($5,081) raised by what new tenants pay against everyone in the Vancouver area, then down 3.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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

schools

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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Sam Mehrbod
Team 3000 Realty Ltd.
call Sam · 778-996-3603
4methe deep dive
Powered by: REALTOR.ca

similar homes nearby

location

VancouverGoogle Maps ↗

Rapid transit: Burrard SkyTrain station, 500 m (about 8 min walk); Vancouver City Centre SkyTrain station, 800 m (about 13 min walk).

property tax by year

yearassessedest. tax
2026$963,000$3,238
2025$1,022,000$3,184

Estimated tax up 1.7% from 2025 to 2026.

The listing shows $3,239 a year in property tax.

Estimate: the BC Assessment value times Vancouver's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

price check

Below typical for the area (-16%)
2026 assessment
$963,000 · asking is -6.6%
price per sq ft
$850 vs $1,013 median for condos in Vancouver for sale (2094)
last sold
$1,100,000 · Sep 6, 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.

location

the building's lot: 3,193 m² (34,369 sq ft) · PID 023-158-492. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Rapid transit: Burrard SkyTrain station, 500 m (about 8 min walk); Vancouver City Centre SkyTrain station, 800 m (about 13 min walk).

Drive times
  • cəw̓as Ch’elxwá7elch Skwuláw̓txw Seaside Elementary1 min
  • Ashton College1 min
  • Downtown Vancouver2 min
  • St. Paul's Hospital3 min
  • Pattison High3 min
  • YVR airport24 min
99

Walkability 99/100 · Very walkable: most errands on foot

Within a 10 minute walk: 5 grocery stores, 142 places to eat or drink, 51 cafes, 11 parks and playgrounds, 3 schools, 4 pharmacies, 44 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

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314 2268 W Broadway, Vancouver, photo 3
314 2268 W Broadway, Vancouver, photo 4
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314 2268 W Broadway, Vancouver, photo 6
314 2268 W Broadway, Vancouver, photo 7
314 2268 W Broadway, Vancouver, photo 8
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6 5730 Carnarvon Street, Vancouver, photo 6
6 5730 Carnarvon Street, Vancouver, photo 7
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501 161 W Georgia Street, Vancouver, photo 7
501 161 W Georgia Street, Vancouver, photo 8
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1
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2
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MLS® R3169244
1
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property insights

On market 9 days · no price changes so far

On the market 9 days (38 days counting the earlier listing it replaced). Relisted $26,000 below the earlier listing's last ask (-2.8%). No price changes recorded since Oct 16, 2026.

  1. Listed for sale
    Oct 16, 2026
    $899,000
  2. Taken off the market unsold · earlier listing
    Oct 10, 2026
    last asked $925,000
  3. Listed (MLS® R3163738)
    Sep 10, 2026
    $925,000

Price changes tracked nightly by mihom since October 2026. Sales are registered sales from BC Assessment.

the market here

listed now
46 days
median for 2094 condos for sale; this one 9 days

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