Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 33
2 bed · 2 bath · 979 sq ft · 1 parking
Condo · Single Family · built 2006 · 101 days on market
Listed by Vincent Meng, Luxmore Realty
Realtor's description
Ready to move in this beautiful complex by Polygon. walking distance to UBC village shoppings,UBC Campus. An excellent investment opportunity or home for yourself. Very large rooms plus a great in suite crawl space (132 square feet) - the only one in the building.Very well run complex with a great caretaker. Call for your showing now. Quick occupancy possible. NO UBC LEVY.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 979 sq ft
- Parking
- 1
- Year built
- 2006
- Property tax
- $2,773 / yr
- Strata fee
- $520 / mo ($0.53 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 101
- MLS®
- R3141322
Features
- Pets Allowed With Restrictions
- All
Monthly cost
$4,928/mo
Mortgage $4,177 · Tax $231 · Strata $520
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
- $2,364/mo
- After all costs
- −$2,789/mo
- Cap rate
- 1.7%
- yearly net rent ÷ price
Costs: mortgage $4,177 · tax $231 · strata $520 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Metro 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 University Hill Elementaryhomes in this catchment
1.1 km away · 5395 Chancellor Blvd, Vancouver · 604-713-5350
- Secondary University Hill Secondaryhomes in this catchment
1.3 km away · 3228 Ross Dr, Vancouver · 604-713-8258
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.
