Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 24
2 bed · 2 bath · 853 sq ft · 1 parking
Condo · Single Family · built 2018 · 30 days on market
Listed by Leo Chan, RE/MAX City Realty
Realtor's description
Bright and modern 2 bed, 2 bath corner home at Wall Centre Central Park Tower 3. This well-designed unit offers an open-concept layout with engineered hardwood flooring, a gourmet kitchen featuring stainless steel appliances, gas cooktop, and quartz countertops. Includes 1 EV parking stall and 1 storage locker conveniently located on the same floor. Residents enjoy great amenities including a fully equipped gym, party lounge, meeting room, and rooftop community garden. Excellent central location just steps to Joyce-Collingwood Station, shopping, parks, and everyday conveniences. Contact today to book your private showing!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 853 sq ft
- Parking
- 1
- Year built
- 2018
- Property tax
- $2,557 / yr
- Strata fee
- $478 / mo ($0.56 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 30
- MLS®
- R3163470
Features
- Elevator
- Pets Allowed
- All
Floor plans
Found among the listing photos.
Monthly cost
$3,915/mo
Mortgage $3,224 · Tax $213 · Strata $478
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
- $2,512/mo
- After all costs
- −$1,639/mo
- Cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $3,224 · tax $213 · strata $478 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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 Bruce Elementaryhomes in this catchment
900 m away · 3633 Tanner St, Vancouver · 604-713-4778
- Secondary Windermere Secondaryhomes in this catchment
1.7 km away · 3155 27th Ave E, Vancouver · 604-713-8180
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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