506 120 Milross Avenue

2026 assessment

$1,193,000 · asking is +0.5%

price per sq ft

$868 vs $1,013 median for condos in Vancouver for sale (2093)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

rent

$3,680/mo

after all costs

−$3,162/mo

cap rate

2.1%

yearly net rent ÷ price

Costs: mortgage $5,224 · tax $334 · strata $954 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Downtown, Vancouver: CMHC's average there ($3,258) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Rapid transit: Main Street–Science World SkyTrain station, 300 m (about 5 min walk); Stadium–Chinatown SkyTrain station, 700 m (about 11 min walk).

Estimated tax up 2.2% from 2025 to 2026.

The listing shows $4,013 a year in property tax.

Estimate: the BC Assessment value times Vancouver's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

the building's lot: 4,665 m² (50,214 sq ft) · PID 026-041-201. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Rapid transit: Main Street–Science World SkyTrain station, 300 m (about 5 min walk); Stadium–Chinatown SkyTrain station, 700 m (about 11 min walk).

listed now

46 days

median for 2093 condos for sale; this one 12 days

Condos in Vancouver. Sale prices register 1 to 3 months after a sale closes.