Home Burnaby, BC Metrotown The Metropolitan 1006 5885 Olive Avenue

1006 5885 Olive Ave, Burnaby BC - Apartment/Condo for Sale - MLS# R2805241

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Listing updated: Jul 1, 2025 at 11:07am

EstateBlock checked: Sep 27, 2026 at 08:45pm

2 Beds

2 Baths

1176 sqft

671 $ /sqft

510 $ Maint. fee

1990 built

Closed

VERIFIED ACCOUNT REQUIRED

This property sold for

$●●●,●●●

Listing updated: Jul 1, 2025 at 11:07am

EstateBlock checked: Sep 27, 2026 at 08:45pm

Photo

VERIFIED ACCOUNT REQUIRED

Sold price & sold date

Original list price & price changes

Full photo gallery - 40 photos

Days on market & listing history

Map & Neighbourhood

Public Schools

Secondary
Burnaby South Secondary School: 2.54 km
Elementary
Chaffey-Burke Elementary School: Above Average 0.47 km 7.2/10
Secondary
Moscrop Secondary School: 1.37 km

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

Private Schools

Elementary
St.Mary's School: Above Average 1.79 km 9.4/10
Elementary, Secondary
Deer Lake School: 2.28 km

Closest Transit

Bus Stop
Westbound Kingsway @ Barker Ave: 0.07 km
Skytrain
Skytrain @ Patterson Stn: 0.26 km

Crime Rate

Total Crime Rate: Below Average
Violent Crime Rate: Low
Property Crime Rate: Average

Demographics

Post-Secondary Education: Above Average 41.1%
No Certificate/Degree: Below Average 8.3%
Owner Occupied: Below Average 38.9%
Employment Rate: Average 56.1%

Noise/ Power Lines

Road/Hwy Noise: Possible
Railway/Sky train Noise: Unlikely
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

54 / 100

Overall sell-speed score

Moderate pace expected

—

Price competition grade

No comparable data

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.26 km from station

Road / Highway noise

Possible — major road nearby

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How METROTOWN compares

This property

111 DOM

Slower than area

Metrotown avg

50 DOM

Average

Burnaby avg

50 DOM

Faster market

1006 5885 Olive Avenue has a sell-speed score of 54/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. The local market is currently a Balanced Market with a sales-to-active ratio of 16% and an area average of 50 days on market — conditions are balanced. With only 470 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V5H 4N8

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5H 4N8, 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 (~2.6 km). Annual avg AQHI 2.2 — Low Risk.

Heat Moderate

Burnaby currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~7 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.4 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Increasing

Annual precipitation ~1393 mm (1981–2010 baseline), projected ~1445 mm by the 2050s. Extreme 1-day rainfall: ~47.8 mm baseline, ~53.3 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~24 days baseline, ~25 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

Shopping (157 nearby)

The medicine shoppe · 90 m · Pharmacy
Hair city · 95 m · Hairdresser
Shi nail blue · 101 m · Beauty Shop

Restaurants (108 nearby)

Big way hotpot · 108 m · Restaurant
Pizza hut · 120 m · Restaurant
Pho 24 express · 121 m · Restaurant

Cafes (32 nearby)

Waves coffee house · 71 m · Cafe
Macu tea · 350 m · Cafe
Starbucks · 444 m · Cafe

Groceries (16 nearby)

Amigos mios mexican & latino grocery store · 357 m · Convenience
Bc liquor store · 378 m · Beverages
Save-on-foods · 442 m · Supermarket

Healthcare (8 nearby)

The medicine shoppe · 90 m · Healthcare
Shoppers drug mart · 414 m · Healthcare
Enhance rx · 461 m · Healthcare

Transit (3 nearby)

Skytrain @ patterson stn station · 259 m · Transit
Skytrain @ metrotown stn station · 829 m · Transit
Bus stop metrotown station @ bay 6 · 844 m · Transit

Schools NearBy

29 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Chaffey-Burke Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	7.1 / 10	Distance 468 m
École Inman Elementary	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 906 m
Moscrop Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.4 / 10	Distance 1.37 KM
Burnaby Youth Hub Secondary Program	Public	Grades Served —	Catchment Info —	2.7 / 10	Distance 1.49 KM
Dr. H. N. MacCorkindale Elementary School	Public	Grades Served K-7	Catchment Info —	6.4 / 10	Distance 1.50 KM
Graham Bruce Community Elementary School	Public	Grades Served K-7	Catchment Info —	6.1 / 10	Distance 1.64 KM
Collingwood Neighbourhood School	Public	Grades Served K-3	Catchment Info —	0	Distance 1.65 KM
Champlain Heights Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 1.72 KM
BC Provincial School For The Deaf Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 1.77 KM
South Slope Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 1.77 KM
Cascade Heights Elementary	Public	Grades Served K-7	Catchment Info —	6.7 / 10	Distance 1.77 KM
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 1.89 KM
Nelson Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.15 KM
Sir Wilfred Grenfell Community	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 2.15 KM
Sir Wilfred Grenfell Community School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 2.15 KM
Captain James Cook Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.30 KM
Gilpin Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.33 KM
Champlain Heights Annex	Public	Grades Served K-3	Catchment Info —	0	Distance 2.43 KM
Burnaby South Secondary	Public	Grades Served —	Catchment Info —	5.2 / 10	Distance 2.53 KM
Killarney Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 2.58 KM
Whytecliff Agile Learning Centre-Burnaby	Independent	Grades Served —	Catchment Info —	10.0 / 10	Distance 2.61 KM
Windermere Community Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 2.64 KM
Renfrew Community Elementary School	Public	Grades Served K-7	Catchment Info —	6.6 / 10	Distance 2.70 KM
Douglas Road Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 2.84 KM
Burnaby Central Secondary	Public	Grades Served —	Catchment Info —	6.6 / 10	Distance 2.85 KM
Windsor Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 2.85 KM
Vancouver Christian School	Independent	Grades Served K-6	Catchment Info —	9.1 / 10	Distance 2.88 KM
Vancouver Christian	Independent	Grades Served —	Catchment Info —	9.1 / 10	Distance 2.88 KM
Anne-Hebert	Public	Grades Served —	Catchment Info —	7.6 / 10	Distance 2.92 KM

Pre-computed routes from 1006 5885 Olive Ave, Burnaby, BC

1006 5885 Olive Ave, Burnaby, BC Patterson 0.3 km

23 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Patterson → Waterfront
23 min
Metrotown, Burnaby via Patterson → Metrotown
7 min
SFU Burnaby via Patterson → Production Way
27 min
Richmond Centre via Patterson → Brighouse
48 min
YVR Airport via Patterson → YVR-Airport
49 min

By car (off-peak)

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

Calculate your commute

1006 5885 Olive Ave, Burnaby, BC is ideally located for commuters. The property is 0.3 km from Patterson, with a 23 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Kingsway @ Barker Ave (0.07 km).

Mortgage Calculator for 1006 5885 Olive Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $165

Maintenance fee 510

Based on a 30-year fixed at 4% interest with 20% down ($157,800), the estimated monthly payment for this listing is $3,688/month — $3,013 principal & interest, $165 property tax, $510 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: Jul 1, 2025

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Maintenance Fee

Rental Income

Vacancy Rate

Down Payment

Down Payment (percent)

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

At an estimated rental income of $2,725/month, this property runs a $1,012/month shortfall after mortgage and carrying costs. Break-even requires approximately 47% down.

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

Estateblock Rent Estimate for 1006 5885 Olive Avenue, Burnaby

Buy Vs Rent Calculator

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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.

Call or Text Now!

Dan Marusin

Renanza Realty

778-918-5990

Award-Winning REALTOR^® with 13+ Years of Experience Serving Greater Vancouver

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More Listings in This Building

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1006 5885 Olive Ave, Burnaby BC - Apartment/Condo for Sale - MLS# R2805241

Photo

VERIFIED ACCOUNT REQUIRED

Map & Neighbourhood

Sell Speed & Competition

Climate Risk for V5H 4N8

Nearby Restaurants, Cafes & Shops

Shopping (157 nearby)

Restaurants (108 nearby)

Cafes (32 nearby)

Groceries (16 nearby)

Healthcare (8 nearby)

Transit (3 nearby)

Schools NearBy

Chaffey-Burke Elementary School

Grades Served

Catchment Info

Distance

École Inman Elementary

Grades Served

Catchment Info

Distance

Moscrop Secondary School

Grades Served

Catchment Info

Distance

Burnaby Youth Hub Secondary Program

Grades Served

Catchment Info

Distance

Dr. H. N. MacCorkindale Elementary School

Grades Served

Catchment Info

Distance

Graham Bruce Community Elementary School

Grades Served

Catchment Info

Distance

Collingwood Neighbourhood School

Grades Served

Catchment Info

Distance

Champlain Heights Community Elementary School

Grades Served

Catchment Info

Distance

BC Provincial School For The Deaf Elementary

Grades Served

Catchment Info

Distance

South Slope Elementary School

Grades Served

Catchment Info

Distance

Cascade Heights Elementary

Grades Served

Catchment Info

Distance

Suncrest Elementary School

Grades Served

Catchment Info

Distance

Nelson Elementary School

Grades Served

Catchment Info

Distance

Sir Wilfred Grenfell Community

Grades Served

Catchment Info

Distance

Sir Wilfred Grenfell Community School

Grades Served

Catchment Info

Distance

Captain James Cook Elementary School

Grades Served

Catchment Info

Distance

Gilpin Elementary School

Grades Served