How to invest half a million dollars in Vancouver, Canada?

[Ashutosh Manohar]

Disclosure: I'm a total newbie to Bigger Pockets and real estate investing world. 

And my apologies for the catchy title :) 

Here's little background to my question. 

I had purchased a condo in 2018 for 455k, with 5% down.

Then, in June 2020, I got a townhome for 630k with 6.5% down and rented the condo out. 

Now, the condo isn't cash flow positive. The rent covers my mortgage but I pay the strata fees (almost $500 a month). But the value of the property is appreciating. Has grown 15% since I purchased. 

Now comes the interesting part of my post :) 

The townhome I purchased might get redeveloped and I might be able to repay my mortgage on the townhome in full (598k as of today) and might still have around 500k left with me. 

Should I pay down my condo mortgage with that money, or should I invest it elsewhere? 

If elsewhere, what are some good options the lovely community here would recommend? 

Thanks :)