Home Vancouver, BC Collingwood VE Emerald Park Place 406 5288 Melbourne Street

406 5288 Melbourne St, Vancouver BC V5R 6E6 – Condo for Sale – MLS® R3163956

406 5288 Melbourne Street, Vancouver, British Columbia V5R 6E6

Vancouver Condos for Sale

59 days on the market

$529,000

Est. monthly cost $2,628/mo

Updated with MLS® - Nov 8, 2026 at 08:30pm

Emerald Park Place

1 Beds

1 Baths

652 sqft

811 $ /sqft

353.83 $ Maint. fee

1998 built

Photos

EMERALD PARK PLACE! Bright and well-maintained 1-bedroom + den with an excellent floor plan and views overlooking the tennis courts. Floor-to-ceiling windows provide plenty of natural light, while laminate flooring, abundant cabinetry and oversized in-suite storage add comfort and functionality. The versatile den is ideal for a home office, library or a nursery. Comes with 1 secure parking stall. Enjoy an unbeatable urban lifestyle with Walk Score 92, Transit Score 83 and Bike Score 75. Ideally located near cafes, local shopping, Metrotown, Joyce Skytrain Station, parks and recreation. A wonderful opportunity for first-time buyers, downsizers or investors! Some photos virtually staged.

Building 26 fields Inside & out 13 fields Lot & land 7 fields

Building Details

Price	$529,000
Total Bedrooms	1
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	652
Year Built	1998
Age Of Building	28
Building Type	Apartment/Condo
Unit Style	Inside unit
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Management
Building Name	Emerald Park Place
Ownership Type	Freehold Strata
Maintenance Fee	$353.83
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Management
Utility Type	Electricity Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Underground, Guest, Front Access
Total Parking Spaces	1
Strata Restrictions	Pets Allowed,Rentals Allowed,Smoking Restrictions
Pet Restrictions	Cats OK, Dogs OK, Number Limit (One), Yes
Units In Development	246

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer, Dryer, Dishwasher, Refrigerator, Stove
Interior Features	Elevator, Pantry
Heating Type	Baseboard
Laundry	In Unit
# of Kitchens	1
Flooring	Laminate, Mixed
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	No Outdoor Area
View Description	Tennis Courts
Roof	Other
Structures	Multi Family, Residential Attached

Lot & Land

MLS^® #	R3163956
Area	Vancouver East
Neighbourhood	Collingwood VE
City	Vancouver
Postal Code	V5R 6E6
Gross Taxes	$1,708.89
Zoning	MF

Property Timeline

Status	Date	Price
R3163956 / Active	09-10-2026	$529,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	13'7 x 13'7 ft
Main Level	Dining Room	11'1 x 11'1 ft
Main Level	Kitchen	7'9 x 7'9 ft
Main Level	Pantry	5'11 x 5'11 ft
Main Level	Bedroom	10'2 x 10'2 ft
Main Level	Den	8'2 x 8'2 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4

Listed by: RE/MAX City Realty

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.

About the building: Emerald Park Place

5288 Melbourne Street, Collingwood VE, Vancouver

Emerald Park Place building details

Building

Built: 1998
Homes: 246
Construction: Concrete
Title: Freehold Strata
Strata plan: LMS3434
Managed by: Dwell Property Management
Parking: Visitor Parking, Garage: Underground
Lockers: Limited
Strata fee covers: Recreation FacilityManagementHot WaterGardeningGarbage PickupCaretaker

Bylaws on record

Pets: Restricted; Cats and dogs OK, max 1
Rentals: Allowed

Market at Emerald Park Place

For sale: 1
Median ask: $529K
Median $/sqft: $811
Days on market: 60
Sold, past year: 5

This home

$811/sqft, in line with the building median of $811.

Homes for sale at Emerald Park Place, Vancouver Recent sold listings in Emerald Park Place, Vancouver

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

Map, sell speed & climate

SkyTrain 0.36 km · Windermere Community Secondary School 6.3/10 · 1.42 km · crime average · sell-speed score 37/100 (may take longer) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Restaurants (67 nearby)

Freshslice pizza · 314 m · Fast Food
A&w · 322 m · Fast Food
Subway · 322 m · Fast Food

Shopping (54 nearby)

Wellness pharmacy · 313 m · Pharmacy
Joyce hair design · 314 m · Hairdresser
Tatak pinoy filipino store · 343 m · General

Groceries (19 nearby)

Bao bakery · 344 m · Bakery
Kay market · 344 m · Supermarket
Sari sari store · 353 m · Convenience

Cafes (16 nearby)

Trees organic coffee · 328 m · Cafe
Coco fresh tea & juice · 332 m · Cafe
Sunflower bubble tea · 343 m · Cafe

Healthcare (6 nearby)

Wellness pharmacy · 313 m · Healthcare
Supersave pharmacy · 506 m · Healthcare
Unicare pharmacy · 552 m · Healthcare

Transit (2 nearby)

Skytrain @ joyce stn station · 356 m · Transit
Bus stop northbound tyne st @ e 45 ave · 858 m · Transit

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

37 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $437,415

Flood Risk

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

59 DOM

Listed

406 5288 Melbourne Street has a sell-speed score of 37/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 20.9% above comparable active properties in Collingwood VE. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

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. Nearest station: Burnaby South, Burnaby (~3.9 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Vancouver currently sees ~1 day 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.

Schools NearBy

37 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Collingwood Neighbourhood School	Public	Grades Served K-3	Catchment Info —	N/A	Distance 282 m
Graham Bruce Community Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.1 / 10	Distance 697 m
Sir Wilfred Grenfell Community	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 870 m
Sir Wilfred Grenfell Community School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 877 m
École Inman Elementary	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 923 m
Dr. H. N. MacCorkindale Elementary School	Public	Grades Served K-7	Catchment Info —	6.4 / 10	Distance 982 m
Cascade Heights Elementary	Public	Grades Served K-7	Catchment Info —	6.7 / 10	Distance 1.18 KM
Windermere Community Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.3 / 10	Distance 1.42 KM
Renfrew Community Elementary School	Public	Grades Served K-7	Catchment Info —	6.6 / 10	Distance 1.68 KM
Chaffey-Burke Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 1.69 KM
Killarney Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 1.73 KM
Champlain Heights Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 1.74 KM
John Norquay Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 1.79 KM
Moscrop Secondary School	Public	Grades Served 8-12	Catchment Info —	7.4 / 10	Distance 1.88 KM
Whytecliff Agile Learning Centre-Burnaby	Independent	Grades Served —	Catchment Info —	10.0 / 10	Distance 1.96 KM
Captain James Cook Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.00 KM
Vancouver Christian	Independent	Grades Served —	Catchment Info —	9.1 / 10	Distance 2.05 KM
Vancouver Christian School	Independent	Grades Served K-6	Catchment Info —	9.1 / 10	Distance 2.05 KM
G. T. Cunningham Elementary School	Public	Grades Served K-7	Catchment Info —	6.3 / 10	Distance 2.13 KM
Nootka Community Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.18 KM
Waverley Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 2.20 KM
Anne-Hebert	Public	Grades Served —	Catchment Info —	7.6 / 10	Distance 2.31 KM
Corpus Christi School	Independent	Grades Served K-7	Catchment Info —	10.0 / 10	Distance 2.44 KM
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 2.45 KM
St.Jude's School	Independent	Grades Served K-7	Catchment Info —	9.8 / 10	Distance 2.48 KM
Lord Beaconsfield Elementary School	Public	Grades Served K-7	Catchment Info —	7.0 / 10	Distance 2.48 KM
Champlain Heights Annex	Public	Grades Served K-3	Catchment Info —	N/A	Distance 2.48 KM
Sir Charles Kingsford-Smith School	Public	Grades Served K-7	Catchment Info —	5.4 / 10	Distance 2.57 KM
Sir Charles Kingsford-Smith	Public	Grades Served —	Catchment Info —	5.4 / 10	Distance 2.59 KM
Westside Montessori Academy	Independent	Grades Served K-7	Catchment Info —	9.1 / 10	Distance 2.75 KM
Gladstone Secondary	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 2.76 KM
Gladstone Secondary School	Public	Grades Served 8-12	Catchment Info —	6.0 / 10	Distance 2.77 KM
Burnaby Youth Hub Secondary Program	Public	Grades Served —	Catchment Info —	2.7 / 10	Distance 2.81 KM
Coquitlam College - Brookmere Secondary	Independent	Grades Served —	Catchment Info —	N/A	Distance 2.83 KM
South Slope Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 2.83 KM
BC Provincial School For The Deaf Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 2.85 KM
Tecumseh Elementary School	Public	Grades Served K-7	Catchment Info —	6.1 / 10	Distance 2.91 KM

Pre-computed routes from 406 5288 Melbourne St, Vancouver, BC

406 5288 Melbourne St, Vancouver, BC Joyce 0.4 km

22 min

Downtown Vancouver Waterfront Station

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

406 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 406 5288 Melbourne Street

Walker's Paradise 92

Walk Score - Walker's Paradise

Daily errands do not require a car

Excellent Transit 83

Transit Score - Excellent Transit

Transit is convenient for most trips

Very Bikeable 70

Bike Score - Very Bikeable

Biking is convenient for most trips

BC Assessment Value — 406 5288 Melbourne Street

2026 assessed value, sourced from City of Vancouver open data (PID 024-221-597).

Total Assessed Value (2026)

$508,000

-2.1% YoY

+3.7%/yr over 4 yr

2022 Value Trend 2026

Land

$282,000

Buildings

$226,000

Year Built

1998

Class

Comprehensive Development

Zoning

CD-1 (314)

Property Tax

$1,709

Year	Land	Improvements	Total Assessed	YOY Change
2026	$282,000	$226,000	$508,000	-2.1%
2025	$288,000	$231,000	$519,000	+0.8%
2024	$286,000	$229,000	$515,000	+7.1%
2023	$267,000	$214,000	$481,000	+9.6%
2022	$242,000	$197,000	$439,000	—

Costs & calculators

Monthly cost about $2,628/month · rent estimate $2,010/month · owning catches up with renting by year 5 · cash flow if rented −$770/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 406 5288 Melbourne Street

$2,628 /month

Principal & Interest $2,132

Property Taxes $142

Maintenance fee $354

The estimated monthly cost of 406 5288 Melbourne Street, Vancouver is $2,628: $2,132 principal and interest with 20% down over 30 years at 4.45%, plus $142 property tax and $354 strata fee.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

−$770 /month

Mortgage Payment $2,132

Monthly Cash Flow −$770

Break Even Down Payment 49%

Cap Rate -1.7%

Cash on Cash -8.7%

If 406 5288 Melbourne Street, Vancouver were rented at $2,010 a month with 5% vacancy, it would fall $770 a month short of the mortgage and carrying costs; about 49% down would break even.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 406 5288 Melbourne Street, Vancouver

$2,010 / month

Rent $2,010

Own $2,628

Principal: $686/mo Interest, tax, insurance, fees: $1,942/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$574/mo (year 1) → ~$1,335/mo (year 20) → ~$1,991/mo (year 29).

Net cost to own at year 5 ~$1,942/mo About $68/mo less than renting

EstateBlock estimates 406 5288 Melbourne Street, Vancouver would rent for about $2,010 a month.

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Rent vs own: 406 5288 Melbourne Street

Rent vs own

Owning catches up by year 5

With 20% down ($105,800) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $37,713

Principal paid off by year 10 $84,804

Assumes 20% down payment, 4.45% fixed rate, 30-year amortization. Rent line = full rent (money gone). Own line = interest + property tax + fees, excluding principal (money you keep as equity). No appreciation, investment returns or transaction costs included.

Renting 406 5288 Melbourne Street, Vancouver is cheaper at first, but owning catches up by year 5, with $37,713 of principal paid off by year 5 and $84,804 by year 10.