Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 21
1 bath · 577 sq ft
Condo · Single Family · built 2011 · 106 days on market
Listed by Luka Ding, Multiple Realty Ltd.
Realtor's description
This exceptionally well appointed and air-conditioned city home would make the perfect pied-de-terre or high-end investment condo for the most discerning of buyers. Large kitchen with high end wood grain cabinetry and integrated appliances. Miele range/oven and Liebherr fridge. A rare offering on the 6th floor facing the back of the building with southwest exposure. Patina by Concert offers a long list of world class amenities including a concierge, fitness center, amenity room, meeting room and 8th floor terrace. Currently occupied by an excellent tenant who would love to stay. No parking with this home however it´s easy to rent, if required. Open House Sat & Sun July 4th and 5th, 2-4PM.
Property details
- Type
- Condo, Single Family
- Bathrooms
- 1
- Living area
- 577 sq ft
- Parking
- 0
- Year built
- 2011
- Property tax
- $1,954 / yr
- Strata fee
- $318 / mo ($0.55 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 106
- MLS®
- R3140112
Features
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$2,986/mo
Mortgage $2,505 · Tax $163 · Strata $318
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
- $1,715/mo
- After all costs
- −$1,443/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $2,505 · tax $163 · strata $318 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a studio 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
1.1 km away · 1100 Bidwell St, Vancouver · 604-713-5055
- Secondary King George Secondaryhomes in this catchment
1.2 km 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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