Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 24
1 bed · 1 bath · 552 sq ft · 1 parking
Condo · Single Family · built 1999 · 46 days on market
Listed by Harsh Gill, SRS Hall of Fame Realty
Realtor's description
VERY WELL KEPT North-East facing 1 bedroom & den in Pacific Robson Palais, a boutique well-run concrete low-rise in the heart of the West End. 552 SF functional layout that has been updated inside. Floor to ceiling abundant windows offers plenty of natural light. Kitchen has newer appliances, great size balcony with views of the mountains, city & greenery. In-suite laundry also comes with a parking stall and storage locker. Heat & hot water included in maint fee. Amenities: full size indoor lap pool, hot tub, sauna & gym. Located across the street from Whole foods, Safeway, steps to the Seawall, Stanley Park, English Bay & everything Robson St. has to offer!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 552 sq ft
- Parking
- 1
- Year built
- 1999
- Property tax
- $1,998 / yr
- Strata fee
- $580 / mo ($1.05 / sq ft)
- Strata rules
- Rentals Allowed With Restrictions
- Days on market
- 46
- MLS®
- R3158076
Features
- Central location
- Elevator
- Wheelchair access
- Rentals Allowed With Restrictions
- All
Monthly cost
$3,308/mo
Mortgage $2,562 · Tax $167 · Strata $580
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
- $1,890/mo
- After all costs
- −$1,604/mo
- Cap rate
- 2.0%
- yearly net rent ÷ price
Costs: mortgage $2,562 · tax $167 · strata $580 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-bedroom in West End, 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
500 m away · 1100 Bidwell St, Vancouver · 604-713-5055
- Secondary King George Secondaryhomes in this catchment
200 m 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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