702 5288 Melbourne St, Vancouver BC - Apartment/Condo for Sale - MLS# R3131630

$449,988
Est. Mortgage $1,991/mo
Emerald Park Place
1 Beds
1 Baths
517 sqft
870 $ /sqft
1998 built
5.3% price reduction
$449,988
$475,000
Est. $1,991/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Photos

Property Details for 702 5288 Melbourne Street

5.3% price reduction

SELL YOUR CAR! The current owner did. This ultra-convenient location is steps from the SkyTrain, bus transit, Safeway, and tons of shops along Kingsway. THE HOME: Highly efficient 1-Bed + Den layout featuring 517 sq ft of bright, South East-facing living space. Flooded with natural sunlight, the unit looks out over the peaceful inner courtyard and does NOT face the SkyTrain tracks. Relax on your private 53 sq ft patio. THE BUILDING: Great amenities including a gym, party room, and garden. Comes with 1 parking spot. Perfect for first-time buyers or investors! Room dimensions and floor area by 3Delevate. Buyer advised to verify if important.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features Elevator
Fireplace 0
Heating Type Baseboard
# of Kitchens 1
Flooring Vinyl, Carpet
Foundation Concrete Perimeter, Slab

Exterior Features

Exterior Features Garden, Balcony
View Description Treed Courtyard
Roof Other, Concrete, Torch-On
Structures Multi Family, Residential Attached

Building Details

Price $449,988
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 517
Year Built 1998
Age Of Building 28
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Exercise Centre, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Sewer, Snow Removal, Water
Building Name Emerald Park Place
Ownership Type Freehold NonStrata
Maintenance Fee $280.57
Community Features Shopping Nearby
Amenities Nearby Exercise Centre, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Sewer, Snow Removal, Water
Utility Type Community, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Underground, Front Access, Concrete, Garage Door Opener
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns,Smoking Restrictions
Pet Restrictions Cats OK, Dogs OK, Number Limit (One), Yes With Restrictions
Rental Restrictions 5
Rental Suites None

Lot & Land

Lot Size Depth Feet
MLS® # R3131630
Area Vancouver East
Neighbourhood Collingwood VE
City Vancouver
Postal Code V5R 6E6
Gross Taxes $1,503.67
Zoning CD-1

Property Timeline

Status Date Price
R3131630 / Active 06-03-2026 $449,988
Rooms
Floor Type Dimensions
Main Level Living Room 12'8 x 12'8 ft
Main Level Eating Area 9'8 x 9'8 ft
Main Level Kitchen 7'8 x 7'8 ft
Main Level Primary Bedroom 11'3 x 11'3 ft
Main Level Den 5'6 x 5'6 ft
Main Level Foyer 6'2 x 6'2 ft
Main Level Patio 8'8 x 8'8 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3

Listed by: 1NE Collective Realty Inc.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Elementary
Graham Bruce Community Elementary School
Average
0.7 km
6.1/10
Secondary
Windermere Community Secondary School
Average
1.42 km
6.3/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Vancouver Christian
Above Average
2.05 km
9.1/10
Secondary
Whytecliff Agile Learning Centre-Burnaby
Above Average
1.96 km
10/10

Closest Transit

Bus Stop
Eastbound Vanness Ave @ Melbourne St
0.04 km
Skytrain
Skytrain @ Joyce Stn
0.36 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Below Average
Property Crime Rate
Above Average

Demographics

Post-Secondary Education
Above Average
39%
No Certificate/Degree
Below Average
11.8%
Owner Occupied
Average
68.5%
Employment Rate
Below Average
53.8%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Possible
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

46 / 100
Overall sell-speed score
Moderate pace expected
D
Price competition grade
Avg comparable: $375,020
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Possible — near transit
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How COLLINGWOOD VE compares
This property
37 DOM
Listed
Collingwood VE avg
Vancouver avg

702 5288 Melbourne Street has a sell-speed score of 46/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 16.7% above comparable active properties in Collingwood VE. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V5R 6E6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5R 6E6, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.4 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Burnaby South, Burnaby (~3.9 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Vancouver currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.

Precipitation Increasing

Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 702 5288 Melbourne Street

Pre-computed routes from 702 5288 Melbourne St, Vancouver, BC

By transit (Skytrain)

  • Downtown Vancouver via Joyce → Waterfront
    22 min
  • Metrotown, Burnaby via Joyce → Metrotown
    10 min
  • SFU Burnaby via Joyce → Production Way
    29 min
  • Richmond Centre via Joyce → Brighouse
    47 min
  • YVR Airport via Joyce → YVR-Airport
    48 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    10 min
  • Metrotown, Burnaby via Lougheed Hwy
    3 min
  • SFU Burnaby via Gaglardi Way
    10 min
  • Richmond Centre via No. 3 Rd
    13 min
  • YVR Airport via Bridgeport / Sea Island
    14 min

Calculate your commute

702 5288 Melbourne St, Vancouver, BC is ideally located for commuters. The property is 0.4 km from Joyce, with a 22 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound Vanness Ave @ Melbourne St (0.04 km). Walk Score Transit rating: Excellent Transit (83/100).

Walkability & Transit Near 702 5288 Melbourne Street

Walk Score Badge
Car-Dependent 92

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 83

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
70

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 702 5288 Melbourne Street

2026 assessed value, sourced from City of Vancouver open data (PID 024-221-996).
Total Assessed Value (2026)
$447,000
-2.8% YoY
+2.5%/yr over 4 yr
2022 Value Trend 2026
Land
$272,000
Buildings
$175,000
Year Built
1998
Class
Comprehensive Development
Zoning
CD-1 (314)
Property Tax
$1,504
Year Land Improvements Total Assessed YOY Change
2026 $272,000 $175,000 $447,000
-2.8%
2025 $280,000 $180,000 $460,000
+0.4%
2024 $279,000 $179,000 $458,000
+6.8%
2023 $261,000 $168,000 $429,000
+5.9%
2022 $240,000 $165,000 $405,000

Mortgage Calculator for 702 5288 Melbourne Street

/month
Principal & Interest
Property Taxes $125
Maintenance fee 280.57
A 20% down payment of $89,998 on this $449,988 listing yields an estimated mortgage of $1,719/month (30-year fixed, 4%). Total estimated housing cost: $2,125/month, $125 property tax, $281 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
With $1,709/month in estimated rental income against $2,199/month in mortgage payments, the monthly cashflow is -$490/month. A 43% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Collingwood VE, Vancouver

Beds Home Types Square Feet Lot Size Year Built
This Home $449,988
Vancouver Loading...
Collingwood VE Loading...

Based on 22 comparable active apartments/condos in Collingwood VE, the average asking price is $453,919. This listing is priced 0.9% below the neighbourhood average. This property is flagged as a Hot Deal (5.3% price reduction) based on its competitive pricing and market demand.

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 702 5288 Melbourne Street

Walk Score Badge
Car-Dependent 92

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 83

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
70

Bike Score - Very Bikeable

Biking is convenient for most trips

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