Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 32
2 bed · 2 bath · 898 sq ft · 1 parking
Condo · Single Family · built 2012 · 44 days on market
Listed by Teresa (Mo-Lan) Pang, RE/MAX Heights Realty
Realtor's description
UBC living at its best! Welcome to this spacious 2-bedroom + den home offering 898 sq. ft. of comfortable living space in the heart of UBC. Enjoy a vibrant university lifestyle with shops, restaurants, parks, transit, and world-class amenities just steps away. The versatile den is perfect for a home office, study, or extra storage. Ideal for students, professionals, investors, or those looking to enjoy one of Vancouver´s most desirable communities. Don´t miss this opportunity to own in UBC; come see it for yourself!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 898 sq ft
- Parking
- 1
- Year built
- 2012
- Property tax
- $3,199 / yr
- Strata fee
- $353 / mo ($0.39 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 44
- MLS®
- R3159115
Features
- Elevator
- Pets Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$4,619/mo
Mortgage $4,000 · Tax $267 · Strata $353
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
- $2,364/mo
- After all costs
- −$2,479/mo
- Cap rate
- 2.0%
- yearly net rent ÷ price
Costs: mortgage $4,000 · tax $267 · strata $353 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Metro 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 Norma Rose Point Elementaryhomes in this catchment
1000 m away · 5488 Ortona Ave, Vancouver · 604-713-5950
- Secondary University Hill Secondaryhomes in this catchment
300 m away · 3228 Ross Dr, Vancouver · 604-713-8258
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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