Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 9
1 bed · 1 bath · 608 sq ft · 1 parking
Condo · Single Family · built 2018 · 78 days on market
Listed by Sam Grayli, Oakwyn Realty Ltd.
Realtor's description
Modern living at Tower Green at West in False Creek Village! This well-appointed 1 Bed + Den+ Flex features quality finishes throughout, floor-to-ceiling windows, and a covered deck showcasing open city views. The sleek kitchen is equipped with soft-close cabinetry and a Fulgor Milano cooktop. Unwind in the spacious bathroom, while the bright den with expansive windows makes an ideal home office. Enjoy impressive amenities including a rooftop garden, lounge, and fitness centre. Highly walkable location just steps to the Expo Line, Canada Line, Urban Fare, London Drugs, the Seawall, and a great selection of restaurants right at your doorstep. 1 parking included and 1 storage
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 608 sq ft
- Parking
- 1
- Year built
- 2018
- Property tax
- $2,298 / yr
- Strata fee
- $425 / mo ($0.70 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 78
- MLS®
- R3149412
Features
- Elevator
- Pets Allowed With Restrictions
Monthly cost
$3,447/mo
Mortgage $2,831 · Tax $192 · Strata $425
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
- −$1,915/mo
- Cap rate
- 1.7%
- yearly net rent ÷ price
Costs: mortgage $2,831 · tax $192 · strata $425 · 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 Fraser Elementaryhomes in this catchment
1.4 km away · 100 15th Ave W, Vancouver · 604-713-4946
- Secondary Eric Hamber Secondaryhomes in this catchment
3.5 km away · 960 W. 33rd Avenue, Vancouver · 604-713-8927
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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