Condo
$518,888
13% less per sq ft1702 5515 BOUNDARY ROAD
Vancouverlisted today
MLS® R3174329
1 / 28
$529,000
406 5288 MELBOURNE STREET
Vancouver · MLS® R3163956
1 bed · 1 bath · 652 sq ft · 1 parking
Condo · Single Family · built 1998 · 29 days on market
Listed by Len Diaz, RE/MAX City Realty
Open house · Sunday, October 11, 2pm–4pm
Realtor's description
EMERALD PARK PLACE! Bright and well-maintained 1-bedroom + den with an excellent floor plan and views overlooking the tennis courts. Floor-to-ceiling windows provide plenty of natural light, while laminate flooring, abundant cabinetry and oversized in-suite storage add comfort and functionality. The versatile den is ideal for a home office, library or a nursery. Comes with 1 secure parking stall. Enjoy an unbeatable urban lifestyle with Walk Score 92, Transit Score 83 and Bike Score 75. Ideally located near cafes, local shopping, Metrotown, Joyce Skytrain Station, parks and recreation. A wonderful opportunity for first-time buyers, downsizers or investors! Open House Sun 2-4.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 652 sq ft
- Parking
- 1
- Year built
- 1998
- Property tax
- $1,709 / yr
- Strata fee
- $354 / mo ($0.54 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 29
- MLS®
- R3163956
Features
- Central location
- Elevator
- Pets Allowed
- Washer
- Refrigerator
- Dishwasher
Monthly cost
$2,801/mo
Mortgage $2,305 · Tax $142 · Strata $354
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
- $1,704/mo
- After all costs
- −$1,268/mo
- Cap rate
- 2.4%
- yearly net rent ÷ price
Costs: mortgage $2,305 · tax $142 · strata $354 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-bedroom in Mount Pleasant/Renfrew Heights, 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 Bruce Elementaryhomes in this catchment
700 m away · 3633 Tanner St, Vancouver · 604-713-4778
- Secondary Windermere Secondaryhomes in this catchment
1.4 km away · 3155 27th Ave E, Vancouver · 604-713-8180
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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