506 1166 Melville Street — Vancouver West


$ 709,000 FOR SALE MLS# R3174229
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Rarely available in the heart of Coal Harbour, this bright and spacious 1-bedroom, 1-bathroom home offers something truly exceptional — a massive 616 sq. ft. private patio, one of only four homes in the entire building with outdoor space of this scale. Filled with natural sunlight, the home offers a comfortable layout with an indoor-outdoor lifestyle that is nearly impossible to find in a downtown 1-bedroom. The oversized patio provides incredible flexibility for entertaining, relaxing, or simply enjoying your own private outdoor retreat. Located in sought-after Coal Harbour, you're steps from the seawall, Stanley Park, Harbour Green Park, restaurants, shopping and everything downtown Vancouver has to offer.
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms1
Bathrooms1
Living Area565 sqft
Property TypeResidential – Apartment/Condo
MLS® R3174229
StatusActive
Listing Broker1NE Collective Realty Inc.

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed

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Market Overview

Coal Harbour · Vancouver West · Condos

Active PropertiesAll ActiveThis Property
Condos124
Median Asking Price $ 1,386,500 $ 709,000
Median Price per SqFt $1,320 $1,255
Median Days on Market 60
Sold Properties Oct 2026Sep 2026Oct 2025
Condos 2 ▼77.8% 17 9
Median Selling Price $ 788,500 ▼22.3% $ 1,110,000 $ 1,015,000
Median Price per SqFt $1,226 ▲9.9% $1,029 $1,116
Median Days on Market 1373236
Median Discount Off Ask 4.0%4.5%5.2%
New Listings 13349
Months of Inventory 9.3

At the current sales pace, it would take about 9 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

Coal Harbour: Number of Sales

Coal Harbour: Median Sold Price

Coal Harbour: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for Coal Harbour. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.