Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 36
2 bed · 2 bath · 916 sq ft · 1 parking
Condo · Single Family · built 1988 · listed today
Listed by Michael Lee, eXp Realty
Realtor's description
PRIME DOWNTOWN. The Carlyle at 1060 Alberni-where downtown energy meets 5-STAR elevated living. This southwest-facing residence on the 19th floor offers breathtaking city views, stunning sunsets, and a front-row seat to Vancouver´s iconic fireworks. Bathed in natural light, this home is perfect for those who thrive in a vibrant, urban setting. Located steps from luxury shopping, world-class dining, and the city´s best amenities. With 4,000sf of exterior communal deck, BBQ kitchen, loungers, separate dining and seating areas. You´re truly in the heart of it all. A rare opportunity to own a view unit that captures the essence of downtown living-live, invest, and experience Vancouver at its finest. Airbnb allowed. Priced well below assessed value.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 916 sq ft
- Parking
- 1
- Year built
- 1988
- Property tax
- $2,691 / yr
- Strata fee
- $746 / mo ($0.81 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 0
- MLS®
- R3174318
Features
- Elevator
- Pets Allowed
Floor plans
Found among the listing photos.
Monthly cost
$4,848/mo
Mortgage $3,878 · Tax $224 · Strata $746
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
- $2,874/mo
- After all costs
- −$2,239/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $3,878 · tax $224 · strata $746 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in West End, 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 cəw̓as Ch’elxwá7elch Skwuláw̓txw Seaside Elementaryhomes in this catchment
- Secondary King George Secondaryhomes in this catchment
1.1 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.
Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.
