Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 32
1 bed · 1 bath · 561 sq ft · 1 parking
Condo · Single Family · built 2022 · 17 days on market
Listed by Elaine Lo, Sutton Group-West Coast Realty
Realtor's description
Luxurious 1 Bedroom + Den at ONE BURRARD PLACE! Experience Upscale Urban Living! This beautiful 1 bedroom home features wide-plank hardwood floors, spa-inspired bathroom with heated stone floors, Italian cabinetry, quartz counters, and lux Gagganeau Appliances with Bosh Washer & Dryer. Enjoy the spacious balcony, ideal for morning coffee or an evening glass of wine while taking in the beautiful city lights. Air-conditioning with a large Den and Walk-in Closet off the bedroom. One EV parking, and bike storage . Residents have exclusive access to 30,000 sq.ft. of 5-Star World Class Amenities, featuring a 24-hour concierge, fitness centre, indoor pool, sauna/steam rooms, hot tub, yoga room, music & study room & guest suite. A rare opportunity to own at Vancouver's Iconic ONE BURRARD PLACE!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 561 sq ft
- Parking
- 1
- Year built
- 2022
- Property tax
- $2,462 / yr
- Strata fee
- $491 / mo ($0.88 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 17
- MLS®
- R3168048
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- All
Monthly cost
$3,986/mo
Mortgage $3,289 · Tax $205 · Strata $491
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
- −$2,078/mo
- Cap rate
- 1.9%
- yearly net rent ÷ price
Costs: mortgage $3,289 · tax $205 · strata $491 · 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 Roberts Elementaryhomes in this catchment
1.2 km away · 1100 Bidwell St, Vancouver · 604-713-5055
- Secondary King George Secondaryhomes in this catchment
1.5 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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