Condo
$999,000
303 1211 MELVILLE STREET
Vancouverlisted today
MLS® R3172664
1 / 40
2 bed · 2 bath · 1,022 sq ft · 1 parking
Condo · Single Family · built 2009 · 87 days on market
Listed by Iman Moghadam, RE/MAX Masters Realty
Realtor's description
Welcome to this stunning sky home at the highly sought-after Espana II. Featuring one of the building's best floor plans, this bright northeast corner residence offers 2 bedrooms, 2 bathrooms, plus a versatile office/solarium and pantry. Enjoy spectacular panoramic views of Burrard Inlet, False Creek, the city skyline, and the North Shore Mountains from every angle, with abundant natural light throughout. Beautifully maintained and extensively upgraded with designer lighting, luxury flooring, updated faucets, appliances, shower, tile, fresh paint, and over $10,000 in custom blinds. Espana offers over 11,000 sq. ft. of resort-style amenities, including an indoor pool, hot tub, saunas, fully equipped fitness centre, concierge, rooftop terrace, gardens, outdoor BBQ area, playground, and more. One of the few downtown buildings that permits Airbnb and other short-term rentals, making it an exceptional opportunity for both homeowners and investors. Centrally located just steps to the Seawall, SkyTrain, Rogers Arena
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,022 sq ft
- Parking
- 1
- Year built
- 2009
- Property tax
- $3,424 / yr
- Strata fee
- $700 / mo ($0.68 / sq ft)
- Days on market
- 87
- MLS®
- R3146110
Features
- Central location
- Cul-de-sac
- Elevator
- All
- Intercom
Monthly cost
$5,996/mo
Mortgage $5,010 · Tax $285 · Strata $700
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
- −$3,033/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $5,010 · tax $285 · strata $700 · 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 šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
- Secondary Britannia Secondaryhomes in this catchment
2.7 km away · 1001 Cotton Dr, Vancouver · 604-713-8266
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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