Condo
$709,000
506 1166 MELVILLE STREET
Vancouverlisted today
MLS® R3174229
1 / 33
3 bed · 3 bath · 1,266 sq ft · 1 parking
Townhouse · Single Family · built 2000 · 99 days on market
Listed by David Hung, Engel & Volkers Vancouver
Realtor's description
This beautifully updated 3-bedroom, 3-bathroom townhouse offers a rare combination of space, privacy and family-friendly outdoor living in the heart of the city. With its own secure courtyard entrance, the home opens directly onto Europa´s expansive communal garden and children´s playground, creating an exceptional sense of community. All 3 bedrooms are upstairs, while the bright, open main level flows seamlessly to a sunny private patio. 4 zone heat pump provides year-round comfort with heating and A/C. Residents enjoy an impressive array of amenities, including an indoor pool, hot tub, sauna, fitness centre and concierge. Includes parking, 2 storage lockers and bike storage. An exceptional location steps from SkyTrain, Crosstown Elementary, T&T, the Seawall and Science World, offering the space of a townhouse with the convenience of downtown living.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,266 sq ft
- Parking
- 1
- Year built
- 2000
- Property tax
- $3,171 / yr
- Strata fee
- $1,095 / mo ($0.87 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 99
- MLS®
- R3142219
Features
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$5,259/mo
Mortgage $3,899 · Tax $264 · Strata $1,095
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
- $5,081/mo
- After all costs
- −$759/mo
- Cap rate
- 4.2%
- yearly net rent ÷ price
Costs: mortgage $3,899 · tax $264 · strata $1,095 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ bedroom in Downtown, 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 šxʷwəq̓ʷəθət Crosstown Elementaryhomes in this catchment
- Secondary Britannia Secondaryhomes in this catchment
2.5 km away · 1001 Cotton Dr, Vancouver · 604-713-8266
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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