Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 23
1 bed · 1 bath · 660 sq ft · 1 parking
Condo · Single Family · built 1985 · 93 days on market
Listed by Jorge Iznardo, One Percent Realty Ltd.
Realtor's description
Top-floor south-facing loft at Ashbury Place overlooking a secure landscaped courtyard with cherry trees. Bright open floor plan with 17' vaulted ceiling, loft bedroom, 2 skylights (1 venting), private 63.5 sq.ft. balcony, in-suite laundry, and west-facing bathroom window with Cypress Mountain views. Exceptional storage with 4 closets, plus a storage locker. Secure underground parking with option to rent a second stall, bike room, exercise room, and pet-friendly building. Quiet suite with no unit below and only 2 shared walls. Meticulously maintained building, steps to cafes and just 3 blocks to Robson, Davie & Denman.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 660 sq ft
- Parking
- 1
- Year built
- 1985
- Property tax
- $2,128 / yr
- Strata fee
- $545 / mo ($0.83 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 93
- MLS®
- R3143826
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Monthly cost
$3,685/mo
Mortgage $2,963 · Tax $177 · Strata $545
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
- −$1,981/mo
- Cap rate
- 1.7%
- yearly net rent ÷ price
Costs: mortgage $2,963 · tax $177 · strata $545 · 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
200 m away · 1100 Bidwell St, Vancouver · 604-713-5055
- Secondary King George Secondaryhomes in this catchment
400 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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