Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 30
1 bed · 1 bath · 772 sq ft
Condo · Single Family · built 1995 · 23 days on market
Listed by Marco Dehghani, Engel & Volkers Vancouver
Realtor's description
A rare designer loft at L'Atelier! This beautifully renovated 772 sq.ft. 1-bedroom offers a quiet south-facing exposure and private exterior entrance for a townhouse-like feel. Completely reimagined by Mike Strutt Design in 2024 with a custom two-tone kitchen, Corian counters, Douglas Fir cabinetry, commercial-grade epoxy floors, a Liebherr fridge, a Blomberg dishwasher, Grahe fixtures, Asko laundry, a custom dressing/storage area, and a new hot water tank. In-suite laundry, rooftop deck with BBQ. Steps to cafes, restaurants, shops, parks, Hastings Community Centre and transit, with quick access to Downtown, Hwy 1, Burnaby and the North Shore-a distinctive, move-in-ready home in vibrant Hastings-Sunrise.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 772 sq ft
- Parking
- 0
- Year built
- 1995
- Property tax
- $1,925 / yr
- Strata fee
- $393 / mo ($0.51 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 23
- MLS®
- R3166010
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Monthly cost
$3,159/mo
Mortgage $2,605 · Tax $160 · Strata $393
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
- $1,692/mo
- After all costs
- −$1,637/mo
- Cap rate
- 1.9%
- yearly net rent ÷ price
Costs: mortgage $2,605 · tax $160 · strata $393 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-bedroom in East Hastings, 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 Lord Elementaryhomes in this catchment
1.0 km away · 555 Lillooet St, Vancouver · 604-713-4620
- Secondary Templeton Secondaryhomes in this catchment
600 m away · 727 Templeton Dr, Vancouver · 604-713-8984
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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