Condo
$999,000
303 1211 MELVILLE STREET
Vancouverlisted today
MLS® R3172664
1 / 25
2 bed · 2 bath · 819 sq ft · 1 parking
Condo · Single Family · built 2003 · 134 days on market
Listed by Raphael Johnpierre, eXp Realty
Realtor's description
Discover this rare and highly sought-after 2-bedroom + den corner unit in the heart of Downtown Vancouver, just steps from English Bay Beach and the Stanley Park Seawall. With Airbnb and short-term rentals fully permitted, this property presents exceptional investment potential-especially with FIFA 2026 expected to drive significant demand for premium accommodations. Bright and spacious, the home features recent upgrades including new flooring and fresh paint. Residents enjoy access to outstanding amenities such as a theatre room, fitness centre, spa, party lounge, and ample visitor parking. One designated parking stall is also included for added convenience. Unbeatable location, strong income potential, and quick completion available-an exceptional opportunity not to be missed.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 819 sq ft
- Parking
- 1
- Year built
- 2003
- Property tax
- $2,473 / yr
- Strata fee
- $542 / mo ($0.66 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 134
- MLS®
- R3128986
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- All
Monthly cost
$4,669/mo
Mortgage $3,921 · Tax $206 · Strata $542
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
- $3,258/mo
- After all costs
- −$1,707/mo
- Cap rate
- 3.0%
- yearly net rent ÷ price
Costs: mortgage $3,921 · tax $206 · strata $542 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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
1.1 km away · 1100 Bidwell St, Vancouver · 604-713-5055
- Secondary King George Secondaryhomes in this catchment
1.4 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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