Home Burnaby, BC Metrotown Perla 1101 5938 Olive Avenue

1101 5938 Olive Ave, Burnaby BC - Apartment/Condo for Sale - MLS# R3142665

49 days on the market

$1,090,900

Est. Mortgage $4,826/mo

Listing updated: Jul 4, 2026 at 07:03pm

EstateBlock checked: Aug 20, 2026 at 03:45pm

Perla

2 Beds

2 Baths

850 sqft

1283 $ /sqft

418.68 $ Maint. fee

2026 built

49 days on the market

$1,090,900

Est. $4,826/mo with 20% down

Listing updated: Jul 4, 2026 at 07:03pm

EstateBlock checked: Aug 20, 2026 at 03:45pm

Photos

Exterior Front Photo of 1101 5938 Olive Avenue, Burnaby, BC

Exterior Rear Photo of 1101 5938 Olive Avenue, Burnaby, BC

Living Room Photo of 1101 5938 Olive Avenue, Burnaby, BC

Family Room Photo of 1101 5938 Olive Avenue, Burnaby, BC

Dining Area Photo of 1101 5938 Olive Avenue, Burnaby, BC

Kitchen Photo of 1101 5938 Olive Avenue, Burnaby, BC

Kitchen Island Photo of 1101 5938 Olive Avenue, Burnaby, BC

Pantry Photo of 1101 5938 Olive Avenue, Burnaby, BC

Breakfast Nook Photo of 1101 5938 Olive Avenue, Burnaby, BC

Primary Bedroom Photo of 1101 5938 Olive Avenue, Burnaby, BC

Perla by Polygon - a distinctive concrete tower located in the heart of Metrotown, just a stone' s throw from Central Park and Metropolis at Metrotown. At the top of the stylish tower, the Perla sky lounge awaits with an entire floor of meticulously crafted indoor and outdoor entertainment spaces. This SW corner home features a generous wrap-around deck for outdoor living. The sleek kitchen boasts Fulgor Milano appliances and a central island that doubles as a space-saving dining table. As Polygon' s first TELUS Residential Smart Building, this home comes complete with keyless entry, smart home automation, smart parcel lockers and more.

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features	Elevator
Fireplace	0
Heating Type	Heat Pump
# of Kitchens	0
Flooring	Laminate, Tile
Foundation	Slab

Exterior Features

Exterior Features	Garden, Playground, Balcony
View Description	CENTRAL PARK
Roof	Other
Structures	Multi Family, Residential Attached

Building Details

Price	$1,090,900
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	850
Year Built	2026
Age Of Building	0
Building Type	Apartment/Condo
Property Type	Residential
Stories	5
Building Amenities	Bike Room, Exercise Centre, Concierge, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Snow Removal
Building Name	Perla
Ownership Type	Freehold Strata
Maintenance Fee	$418.68
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Exercise Centre, Concierge, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Snow Removal
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Sanitation, Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Underground, Guest
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions	Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Units In Development	335

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3142665
Area	Burnaby South
Neighbourhood	Metrotown
City	Burnaby
Postal Code	V5H 0M6
Gross Taxes	0
Zoning	CD-RM5

Property Timeline

Status	Date	Price
R3142665 / Active	07-02-2026	$1,090,900

Rooms

Floor	Type	Dimensions
Main Level	Living Room	12'5 x 12'5 ft
Main Level	Bedroom	10'11 x 10'11 ft
Main Level	Bedroom	10'1 x 10'1 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#3
Main Level	No	#3

Listed by: Polygon Realty Limited

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
Chaffey-Burke Elementary School: Above Average 0.59 km 7.1/10
Secondary
Moscrop Secondary School: Above Average 1.54 km 7.4/10

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

Private Schools

Elementary
Vancouver Christian School: Above Average 3.04 km 9.1/10
Secondary
Whytecliff Agile Learning Centre-Burnaby: Above Average 2.77 km 10/10

Closest Transit

Bus Stop
Patterson Station @ Bay 2: 0.1 km
Skytrain
Skytrain @ Patterson Stn: 0.14 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: Unlikely
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

38 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $803,993

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.14 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How METROTOWN compares

This property

49 DOM

Average

Metrotown avg

44 DOM

Average

Burnaby avg

44 DOM

Faster market

1101 5938 Olive Avenue has a sell-speed score of 38/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 26.3% above comparable active properties in Metrotown. The local market is currently a Balanced Market with a sales-to-active ratio of 16.2% and an area average of 44 days on market — conditions are balanced. With only 506 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V5H 0M6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5H 0M6, 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 (~2.4 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 (199 nearby)

Hair city · 190 m · Hairdresser
Shi nail blue · 191 m · Beauty Shop
Pretty nails · 200 m · Beauty Shop

Restaurants (110 nearby)

Big way hotpot · 192 m · Restaurant
Pho 24 express · 194 m · Restaurant
Bubble world · 194 m · Restaurant

Cafes (32 nearby)

Waves coffee house · 190 m · Cafe
Macu tea · 373 m · Cafe
Money tea · 434 m · Cafe

Groceries (19 nearby)

Amigos mios mexican & latino grocery store · 387 m · Convenience
Bc liquor store · 416 m · Beverages
Good neighbour supermarket · 429 m · Greengrocer

Healthcare (10 nearby)

The medicine shoppe · 250 m · Healthcare
Shoppers drug mart · 436 m · Healthcare
Crystal pharmacy · 473 m · Healthcare

Transit (3 nearby)

Skytrain @ patterson stn station · 135 m · Transit
Skytrain @ metrotown stn station · 693 m · Transit
Bus stop northbound willingdon ave @ bond st · 850 m · Transit

Schools NearBy

27 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 588 m
École Inman Elementary	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 1.07 KM
Burnaby Youth Hub Secondary Program	Public	Grades Served —	Catchment Info —	2.7 / 10	Distance 1.36 KM
Dr. H. N. MacCorkindale Elementary School	Public	Grades Served K-7	Catchment Info —	6.4 / 10	Distance 1.46 KM
Moscrop Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.4 / 10	Distance 1.54 KM
BC Provincial School For The Deaf Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 1.59 KM
South Slope Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 1.60 KM
Champlain Heights Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 1.60 KM
Collingwood Neighbourhood School	Public	Grades Served K-3	Catchment Info —	0	Distance 1.72 KM
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 1.72 KM
Graham Bruce Community Elementary School	Public	Grades Served K-7	Catchment Info —	6.1 / 10	Distance 1.78 KM
Cascade Heights Elementary	Public	Grades Served K-7	Catchment Info —	6.7 / 10	Distance 1.93 KM
Nelson Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.00 KM
Captain James Cook Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.20 KM
Sir Wilfred Grenfell Community	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 2.26 KM
Sir Wilfred Grenfell Community School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 2.26 KM
Champlain Heights Annex	Public	Grades Served K-3	Catchment Info —	0	Distance 2.29 KM
Burnaby South Secondary	Public	Grades Served —	Catchment Info —	5.2 / 10	Distance 2.41 KM
Gilpin Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.44 KM
Killarney Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 2.53 KM
Windermere Community Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 2.77 KM
Whytecliff Agile Learning Centre-Burnaby	Independent	Grades Served —	Catchment Info —	10.0 / 10	Distance 2.77 KM
Windsor Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 2.78 KM
Anne-Hebert	Public	Grades Served —	Catchment Info —	7.6 / 10	Distance 2.84 KM
Renfrew Community Elementary School	Public	Grades Served K-7	Catchment Info —	6.6 / 10	Distance 2.85 KM
Burnaby Central Secondary	Public	Grades Served —	Catchment Info —	6.6 / 10	Distance 2.93 KM
Douglas Road Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 2.97 KM

Pre-computed routes from 1101 5938 Olive Ave, Burnaby, BC

1101 5938 Olive Ave, Burnaby, BC Patterson 0.1 km

22 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Patterson → Waterfront
22 min
Metrotown, Burnaby via Patterson → Metrotown
6 min
SFU Burnaby via Patterson → Production Way
26 min
Richmond Centre via Patterson → Brighouse
47 min
YVR Airport via Patterson → YVR-Airport
48 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
15 min

Calculate your commute

1101 5938 Olive Ave, Burnaby, BC is ideally located for commuters. The property is 0.1 km from Patterson, with a 22 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Patterson Station @ Bay 2 (0.1 km). Walk Score Transit rating: Excellent Transit (88/100).

Walkability & Transit Near 1101 5938 Olive Avenue

Car-Dependent 93

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 88

Transit Score - Excellent Transit

Transit is convenient for most trips

Somewhat
Bikeable 81

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 1101 5938 Olive Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $0

Maintenance fee 418.68

A 20% down payment of $218,180 on this $1,090,900 listing yields an estimated mortgage of $4,166/month (30-year fixed, 4%). Total estimated housing cost: $4,585/month, $419 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 4, 2026

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

With $3,140/month in estimated rental income against $4,632/month in mortgage payments, the monthly cashflow is -$1,492/month. A 49% down payment would reach break-even.

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

Estateblock Rent Estimate for 1101 5938 Olive Avenue, Burnaby

Buy Vs Rent Calculator

— / month

Rent —

Own —

Principal: — Interest, tax, insurance, fees: —

Rent vs own

—

Principal paid off by year 5 —

Principal paid off by year 10 —

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.

Quick summary

auto

26.3% above Metrotown avg

$1,090,900 vs $863,728 area average

Price/sqft: $1,283
Building: Perla
Total monthly est.: $5,245
Walk Score: 93 — Walker's Paradise
Skytrain: 0.14 km
Flood risk: None
Crime rate: Below average
Pets allowed: Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions

School catchment

auto

Elementary: Chaffey-Burke Elementary School
Rating: 7.1/10
Distance: 0.59 km
Secondary: Moscrop Secondary School
Distance: 1.54 km

Call or Text Now!

Dan Marusin

Renanza Realty

778-918-5990

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

Earn Cashback on Your Purchase

Potential Cashback for this listing if you buy with us

out of $7,298

0 of 21 missions

$365 / 5.00%

Buy with us & save on this property

Walkability & Transit Near 1101 5938 Olive Avenue

Car-Dependent 93

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 88

Transit Score - Excellent Transit

Transit is convenient for most trips

Somewhat
Bikeable 81

Bike Score - Very Bikeable

Biking is convenient for most trips

More Listings in This Building

$1,046,900

1101 5938 Olive Ave, Burnaby BC - Apartment/Condo for Sale - MLS# R3142665

Photos

Property Details for 1101 5938 Olive Avenue

Interior Features

Exterior Features

Building Details

Lot & Land

Property Timeline

Map & Neighbourhood

Sell Speed & Competition

Climate Risk for V5H 0M6

Nearby Restaurants, Cafes & Shops

Shopping (199 nearby)

Restaurants (110 nearby)

Cafes (32 nearby)

Groceries (19 nearby)

Healthcare (10 nearby)

Transit (3 nearby)

Schools NearBy

Chaffey-Burke Elementary School

Grades Served

Catchment Info

Distance

École Inman Elementary

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

Moscrop Secondary 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

Champlain Heights Community Elementary School

Grades Served

Catchment Info

Distance

Collingwood Neighbourhood School

Grades Served

Catchment Info

Distance

Suncrest Elementary School

Grades Served

Catchment Info

Distance

Graham Bruce Community Elementary School

Grades Served

Catchment Info

Distance

Cascade Heights Elementary

Grades Served

Catchment Info

Distance

Nelson Elementary School

Grades Served

Catchment Info

Distance

Captain James Cook Elementary School

Grades Served

Catchment Info

Distance

Sir Wilfred Grenfell Community

Grades Served

Catchment Info

Distance

Sir Wilfred Grenfell Community School