Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 40
1 bed · 1 bath · 677 sq ft · 1 parking
Condo · Single Family · built 2012 · 28 days on market
Listed by Christine Saulnier, Dexter Realty
Realtor's description
Nestled away from the buzz, experience the ultimate Kitsilano lifestyle. This bright, A/C, south-facing 1-bedroom & den features a highly efficient layout with zero wasted space. Unwind on your large balcony overlooking a remarkably quiet, tree-lined lane (completely shielded from Broadway). The sunlit den easily hosts guests, while an in-suite flex space serves as a home office or storage. The spacious kitchen boasts Bosch appliances & granite countertops. Includes 1 underground parking stall, full locker, and bike lock-up. Beside the Arbutus Greenway, it´s ideal for relaxing walks and cycling. Effortless transit to UBC/downtown, & is 1 block from the upcoming SkyTrain. Stroll to scenic beaches, parks, and cafes. This pet-friendly building offers a gym, lounge, & serene rooftop gardens.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 677 sq ft
- Parking
- 1
- Year built
- 2012
- Property tax
- $2,584 / yr
- Strata fee
- $435 / mo ($0.64 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 28
- MLS®
- R3164285
Features
- Central location
- Elevator
- Wheelchair access
- Pets Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$3,914/mo
Mortgage $3,263 · Tax $215 · Strata $435
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
- $1,915/mo
- After all costs
- −$2,187/mo
- Cap rate
- 1.7%
- yearly net rent ÷ price
Costs: mortgage $3,263 · tax $215 · strata $435 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-bedroom in Kitsilano/Point Grey, 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 Hudson Elementaryhomes in this catchment
1000 m away · 1530 Maple Street, Vancouver · 604-713-5441
- Secondary Kitsilano Secondaryhomes in this catchment
900 m away · 2706 Trafalgar St, Vancouver · 604-713-8961
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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