$683,000
#501 5885 OLIVE AVENUE, Burnaby, BC
2 bed · 2 bath · 1,183 sqft
MLS® number: R3113590
Key details
- Property type
- Apartment/Condo
- Beds · baths
- 2 · 2
- Size
- 1,183 sq ft
- Price per sq ft
- $577
- Strata fee
- $534/mo
- Parking
- 1
- Pets
- With restrictions
- Year built
- 1990
About this condo
Welcome to this exceptionally spacious 1,180 sq. ft. residence in an established, well-cared-for Burnaby building in the heart of Metrotown. This home features 2 generously sized bedrooms and 2 full bathrooms, offering a highly practical floor plan that easily accommodates house-sized furniture. Residents enjoy access to solid amenities including an indoor pool, recreation center, and sauna/steam room, all within a wheelchair-accessible building. Complete with 1 parking and 1 storage locker, this unit provides straightforward, comfortable living. Located just a short walk from the everyday conveniences of Metrotown, Central Park trails, and the SkyTrain, this property is a wonderful opportunity to secure substantial, well-connected space.
Details
- MLS® number
- R3113590
- Property type
- Apartment/Condo
- Bedrooms
- 2
- Bathrooms
- 2
- Interior size
- 1,183 sqft
- Year built
- 1990
- Building storeys
- 25
- Strata fee
- $534 / month
- Fee per sq ft
- $0.45 / sqft
- Property tax
- $2,280 (2025)
- Ownership
- Condo/Strata
- Parking
- 1
- Parking details
- Underground, Garage Door Opener
- Heating
- Electric
- Appliances
- Washer/Dryer, Dishwasher, Disposal, Refrigerator, Stove
- Exterior
- Balcony
- Building features
- Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management
- Community features
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Security
- Fire Sprinkler System
- Accessibility
- Wheelchair Access
- Pool
- Indoor
- Neighbourhood
- Metrotown
- Postal code
- V5H4N8
More details
- Interior Features
- Storage
- Levels
- One
- Laundry
- In Unit
- Window Features
- Window Coverings
- Other Equipment
- Intercom
- Area
- Burnaby South
- Garage
- Yes
- Age of Building
- 36 years
- Main Floor Finished Area
- 1,183 sq ft
- Property Sub-Type
- Apartment/Condo
- Listing Board
- Greater Vancouver
- Listing Brokerage
- Sutton Group - Vancouver First Realty
Nearby
Schools
- Chaffey-Burke ElementaryElementary · Public School485 m
- École Inman ElementaryElementary · Public School957 m
- Maywood Community ElementaryElementary · Public School1.3 km
- École Marlborough ElementaryElementary · Public School1.4 km
- Moscrop SecondarySecondary · Public School1.4 km
- Dr H N Maccorkindale ElementaryElementary · Public School1.4 km
- Burnaby Youth Hub Secondary ProgramElementary · Public School1.5 km
- Graham Bruce Community ElementaryElementary · Public School1.6 km
- Collingwood Neighbourhood SchoolElementary · Public School1.7 km
- Cascade Heights ElementaryElementary · Public School1.8 km
Transit stops
- Westbound Kingsway @ Barker Ave58 m
- Eastbound Kingsway @ Olive Ave77 m
- Eastbound Kingsway @ Patterson Ave147 m
- Northbound Patterson Ave @ Kingsway148 m
- Southbound Patterson Ave @ Kingsway166 m
- Northbound Barker Ave @ Grange St171 m
- Westbound Kingsway @ Wilson Ave179 m
- Eastbound Kingsway @ Wilson Ave239 m
Nearby places
Restaurants (5+)
- Big Way Hotpot100 m
- Pizza Hut110 m
- Pho 24 Express115 m
- Bubble World128 m
- Tairyou ichiba136 m
Cafes (5+)
- Waves Coffee House63 m
- Macu Tea342 m
- Starbucks437 m
- Chicha San Chen487 m
- Matcha Tea Lab503 m
Grocery (2)
- Save-On-Foods435 m
- PriceSmart Foods696 m
Parks (5+)
- Old Orchard Park377 m
- George McLean Park476 m
- Burnaby Civic Square545 m
- Kinnee Park572 m
- Central Park715 m
Gyms (5+)
- She's Fit85 m
- Lin Spa471 m
- GoodLife Fitness496 m
- Crystal Point500 m
- Vivian Beauty Spa566 m
Pharmacies (5+)
- The Medicine Shoppe76 m
- Shoppers Drug Mart407 m
- Enhance RX468 m
- Central Park Pharmacy474 m
- Crystal Pharmacy559 m
Banks & ATMs (5+)
- Scotiabank196 m
- Scotiabank198 m
- RBC302 m
- CTBC Bank547 m
- BMO662 m
Healthcare (5+)
- Veridian Wellness Clinics97 m
- Old Orchard353 m
- Central Park Medical Clinic463 m
- White Oak Pain Clinic470 m
- Vancouver Top Surgery477 m
Nearby places data: © OpenStreetMap contributors. Within about an 800 m walk.
Condo market stats — Burnaby
Monthly figures published by the Fraser Valley Real Estate Board for all Burnaby apartments, not specific to this condo.
MLS® HPI Benchmark Price
$704,600
Jul 2026
Average Sale Price
$660,187
Jul 2026
Monthly Sales
170
Jul 2026
Active Listings
1,097
Jul 2026
Sales-to-Active Ratio
16.0%
Jul 2026
Median Days to Contract
30 days
Jul 2026
MLS® HPI Benchmark Price
Source: Fraser Valley Real Estate Board.
Who lives in Burnaby
Statistics Canada 2021 Census figures for the whole city, not this building or street.
- Population
- 249,125
- Change since 2016
- +7.0%
- People per km²
- 2,751
- Homes
- 107,046
- Median household income
- $83,000
- Median after-tax income
- $73,500
Immigration
50.4% of residents were born outside Canada (123,795 people).
Most common countries of birth, as a share of all residents
- China12.4% · 30,860
- Philippines4.5% · 11,235
- Hong Kong4.4% · 11,010
- Taiwan3.1% · 7,750
- India3.0% · 7,540
- Korea, South2.6% · 6,380
- Viet Nam1.4% · 3,380
- Iran1.3% · 3,210
Languages spoken
Mother tongue, as a share of all residents
- English38.9% · 95,955
- Mandarin12.8% · 31,710
- Yue (Cantonese)11.4% · 28,060
- Korean3.1% · 7,690
- Tagalog (Pilipino, Filipino)2.8% · 7,020
- Spanish2.2% · 5,360
- Punjabi (Panjabi)2.0% · 4,980
- Iranian Persian1.5% · 3,665
- Italian1.4% · 3,380
- Vietnamese1.3% · 3,205
English and French
Knowledge of official languages
- English only88.6%
- English and French4.9%
- French only0.0%
- Neither English nor French6.5%
Sutton Group - Vancouver First Realty
MLS® number: R3113590
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 assume no responsibility for its accuracy.
Copyright © 2026 Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board and/or Greater Vancouver REALTORS®. All rights reserved.
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