Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 25
3 bed · 3 bath · 1,402 sq ft · 1 parking
Townhouse · Single Family · built 1999 · 50 days on market
Listed by Mark Wiens, RE/MAX Crest Realty
Realtor's description
Welcome to KILARNEY VILLA! Centrally located this bright and spacious 3BDRM, 3 BATH Townhouse offers over 1,400sqft of living space in a well laid, open floor plan. Close to shopping (Safeway, London Drugs), transit (Joyce Station), parks (Central Park), and schools (Sir Guy Carleton Elementary, Killarney Secondary). This upper unit offer a LARGE living room w. a GAS fireplace that flows into your open kitchen with breakfast bar and eating area. upstairs you have a BIG master bdrm with a full ENSUITE, 2 more bdrms and another full bath. Great INVESTMENT!. Comes with secure underground PARKING & STORAGE. Call today for viewing!
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,402 sq ft
- Parking
- 1
- Year built
- 1999
- Property tax
- $2,584 / yr
- Strata fee
- $538 / mo ($0.38 / sq ft)
- Days on market
- 50
- MLS®
- R3157697
Features
- Central location
- All
Monthly cost
$4,631/mo
Mortgage $3,878 · Tax $215 · Strata $538
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
- $2,475/mo
- After all costs
- −$2,529/mo
- Cap rate
- 1.8%
- yearly net rent ÷ price
Costs: mortgage $3,878 · tax $215 · strata $538 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ bedroom in Southeast Vancouver, 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 MacCorkindale Elementaryhomes in this catchment
600 m away · 6100 Battison St, Vancouver · 604-317-4290
- Secondary Killarney Secondaryhomes in this catchment
1.0 km away · 6454 Killarney St, Vancouver · 604-713-8950
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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