Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 28
1 bath · 440 sq ft
Condo · Single Family · built 2021 · 8 days on market
Listed by Kailey Fraser, Oakwyn Realty Ltd.
Realtor's description
Live in luxury at One Burrard Place! This beautifully designed residence features air conditioning, premium Gaggenau appliances, sleek cabinetry, wide-plank white oak flooring, and a spa-inspired bathroom with heated tile floors and a rain shower. The bright open-concept layout includes an integrated fold-away bed and dining table to maximize space and functionality. Enjoy stunning sunrise and mountain views from the covered balcony. Exclusive access to Club One´s 30,000 sq.ft. of resort-style amenities includes an indoor pool, hot tub, sauna, steam room, concierge, wine room, fitness centre, yoga room and more! Complete with a large storage room, bike storage with e-bike charging, stylish furnishings, and an unbeatable downtown location steps to shopping, dining, transit, and the seawall.
Property details
- Type
- Condo, Single Family
- Bathrooms
- 1
- Living area
- 440 sq ft
- Parking
- 0
- Year built
- 2021
- Property tax
- $1,890 / yr
- Strata fee
- $387 / mo ($0.88 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 8
- MLS®
- R3171500
Features
- Central location
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Monthly cost
$2,941/mo
Mortgage $2,396 · Tax $157 · Strata $387
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
- $1,839/mo
- After all costs
- −$1,284/mo
- Cap rate
- 2.4%
- yearly net rent ÷ price
Costs: mortgage $2,396 · tax $157 · strata $387 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a studio 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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