Home Burnaby, BC Metrotown The Metropolitan 1106 5885 Olive Avenue

1106 5885 Olive Ave, Burnaby BC – Condo for Sale – MLS® R3145452

1106 5885 Olive Avenue, Burnaby, British Columbia V5H 4N8

Burnaby Condos for Sale

98 days on the market

$688,000

Est. Mortgage $3,044/mo

Listing updated: Oct 15, 2026 at 11:06am

EstateBlock checked: Oct 19, 2026 at 09:25am

2 Beds

2 Baths

1177 sqft

585 $ /sqft

609.2 $ Maint. fee

1990 built

5.8% price reduction

Photos

Exterior photo of 1106 5885 Olive Ave, Burnaby, BC – MLS® R3145452

Exterior Rear Photo of 1106 5885 Olive Avenue, Burnaby, BC

Living Room Photo of 1106 5885 Olive Avenue, Burnaby, BC

Family Room Photo of 1106 5885 Olive Avenue, Burnaby, BC

Dining Area Photo of 1106 5885 Olive Avenue, Burnaby, BC

Kitchen Photo of 1106 5885 Olive Avenue, Burnaby, BC

Kitchen Island Photo of 1106 5885 Olive Avenue, Burnaby, BC

Pantry Photo of 1106 5885 Olive Avenue, Burnaby, BC

Breakfast Nook Photo of 1106 5885 Olive Avenue, Burnaby, BC

Primary Bedroom Photo of 1106 5885 Olive Avenue, Burnaby, BC

Primary Bathroom Photo of 1106 5885 Olive Avenue, Burnaby, BC

Walk-In Closet Photo of 1106 5885 Olive Avenue, Burnaby, BC

Bedroom 2 Photo of 1106 5885 Olive Avenue, Burnaby, BC

Bedroom 3 Photo of 1106 5885 Olive Avenue, Burnaby, BC

Bedroom 4 Photo of 1106 5885 Olive Avenue, Burnaby, BC

Guest Bathroom Photo of 1106 5885 Olive Avenue, Burnaby, BC

Powder Room Photo of 1106 5885 Olive Avenue, Burnaby, BC

Office / Den Photo of 1106 5885 Olive Avenue, Burnaby, BC

Loft / Bonus Room Photo of 1106 5885 Olive Avenue, Burnaby, BC

Basement Recreation Room Photo of 1106 5885 Olive Avenue, Burnaby, BC

Laundry Room Photo of 1106 5885 Olive Avenue, Burnaby, BC

Mudroom Photo of 1106 5885 Olive Avenue, Burnaby, BC

Entry Foyer Photo of 1106 5885 Olive Avenue, Burnaby, BC

Hallway Photo of 1106 5885 Olive Avenue, Burnaby, BC

Staircase Photo of 1106 5885 Olive Avenue, Burnaby, BC

Garage Interior Photo of 1106 5885 Olive Avenue, Burnaby, BC

Outdoor Patio Photo of 1106 5885 Olive Avenue, Burnaby, BC

Outdoor Deck Photo of 1106 5885 Olive Avenue, Burnaby, BC

This spacious 2 bed, 2 bath corner suite features city, mountain and park views, full height windows, and a great layout. Huge principle bedroom with ensuite bathroom and walk through closets opens onto the large West facing patio. Big living and dining rooms feature engineered hardwood floors. Large kitchen has plenty of cabinet and counter space, granite countertops and stainless steel appliances. Well managed building has upgraded elevators, pipes and roof. Amenities include large fitness room, indoor pool, hot-tub and sauna. Open House Sun. Oct 18, 12-1pm

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating Type	Baseboard, Electric
Laundry	In Unit
# of Kitchens	1
Flooring	Mixed
Foundation	Slab

Exterior Features

Exterior Features	Garden, Balcony
View Description	PARK AND MOUNTAIN
Roof	Other
Structures	Multi Family, Residential Attached

Building Details

Price	$688,000
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	1177
Year Built	1990
Age Of Building	36
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Exercise Centre, Sauna/Steam Room, Caretaker, Electricity, Maintenance Grounds, Hot Water, Management
Ownership Type	Freehold Strata
Maintenance Fee	$609.2
Community Features	Shopping Nearby
Amenities Nearby	Exercise Centre, Sauna/Steam Room, Caretaker, Electricity, Maintenance Grounds, Hot Water, Management
Utility Type	Electricity Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Underground
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Yes With Restrictions

Lot & Land

MLS^® #	R3145452
Area	Burnaby South
Neighbourhood	Metrotown
City	Burnaby
Postal Code	V5H 4N8
Gross Taxes	$2,322.08
Zoning	C

Property Timeline

Status	Date	Price
R3145452 / Active	07-13-2026	$688,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	17' x 17' ft
Main Level	Dining Room	10'6 x 10'6 ft
Main Level	Primary Bedroom	15'6 x 15'6 ft
Main Level	Bedroom	12'6 x 12'6 ft
Main Level	Kitchen	13' x 13' ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#4
Main Level	No	#3

Listed by: TRG The Residential Group 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: The Metropolitan

5885 Olive Avenue, Metrotown, Burnaby

The Metropolitan building details

Building

Built: 1991
Homes: 132
Construction: Concrete
Title: Freehold Strata
Strata plan: NWS3355
Managed by: Korecki Real Estate Services
Parking: Visitor Parking, Garage: Underground
Lockers: Limited
Strata fee covers: Recreation FacilityManagementHot WaterGardeningGarbage PickupCaretaker

Bylaws on record

Pets: Restricted; Cats and dogs OK, max 2
Rentals: Allowed

Market at The Metropolitan

For sale: 7
Median ask: $720K
Median $/sqft: $626
Days on market: 80
Sold, past year: 5

This home

$585/sqft, 6.5% below the building median of $626.

Homes for sale at The Metropolitan, Burnaby Recent sold listings in The Metropolitan, Burnaby

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

Map & Neighbourhood

Public Schools

Elementary
Chaffey-Burke Elementary School: Above Average 0.45 km 7.1/10
Secondary
Moscrop Secondary School: Above Average 1.36 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 2.88 km 9.1/10
Secondary
Whytecliff Agile Learning Centre-Burnaby: Above Average 2.6 km 10/10

Closest Transit

Bus Stop
Westbound Kingsway @ Barker Ave: 0.06 km
Skytrain
Skytrain @ Patterson Stn: 0.27 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

61 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $701,760

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.27 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

98 DOM

Slower than area

Metrotown avg

50 DOM

Average

Burnaby avg

50 DOM

Faster market

1106 5885 Olive Avenue has a sell-speed score of 61/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 2% below comparable active properties in Metrotown, which is a strong competitive signal. 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. 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 · 75 m · Pharmacy
Hair city · 87 m · Hairdresser
Shi nail blue · 94 m · Beauty Shop

Restaurants (108 nearby)

Big way hotpot · 100 m · Restaurant
Pizza hut · 109 m · Restaurant
Pho 24 express · 114 m · Restaurant

Cafes (32 nearby)

Waves coffee house · 63 m · Cafe
Macu tea · 341 m · Cafe
Starbucks · 436 m · Cafe

Groceries (16 nearby)

Amigos mios mexican & latino grocery store · 349 m · Convenience
Bc liquor store · 369 m · Beverages
Save-on-foods · 433 m · Supermarket

Healthcare (8 nearby)

The medicine shoppe · 75 m · Healthcare
Shoppers drug mart · 405 m · Healthcare
Enhance rx · 466 m · Healthcare

Transit (3 nearby)

Skytrain @ patterson stn station · 273 m · Transit
Skytrain @ metrotown stn station · 832 m · Transit
Bus stop westbound kingsway @ boundary rd · 848 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 455 m
École Inman Elementary	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 901 m
Moscrop Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.4 / 10	Distance 1.36 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 1.52 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 —	N/A	Distance 1.66 KM
Champlain Heights Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 1.73 KM
Cascade Heights Elementary	Public	Grades Served K-7	Catchment Info —	6.7 / 10	Distance 1.77 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 1.78 KM
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 1.91 KM
Sir Wilfred Grenfell Community	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 2.15 KM
Nelson Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 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 2.31 KM
Gilpin Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.32 KM
Champlain Heights Annex	Public	Grades Served K-3	Catchment Info —	N/A	Distance 2.44 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 2.59 KM
Whytecliff Agile Learning Centre-Burnaby	Independent	Grades Served —	Catchment Info —	10.0 / 10	Distance 2.60 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 2.83 KM
Burnaby Central Secondary	Public	Grades Served —	Catchment Info —	6.6 / 10	Distance 2.83 KM
Windsor Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 2.84 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 2.93 KM

Pre-computed routes from 1106 5885 Olive Ave, Burnaby, BC

1106 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

1106 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 (0.06 km). Walk Score Transit rating: Excellent Transit (87/100).

Walkability & Transit Near 1106 5885 Olive Avenue

Car-Dependent 95

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 87

Transit Score - Excellent Transit

Transit is convenient for most trips

Somewhat
Bikeable 78

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 1106 5885 Olive Avenue

/month

Principal & Interest

Property Taxes $194

Maintenance fee 609.2

Based on a 30-year fixed at 4% interest with 20% down ($137,600), the estimated monthly payment for this listing is $3,431/month — $2,628 principal & interest, $194 property tax, $609 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.

Investment Cashflow Calculator

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Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

At an estimated rental income of $2,442/month, this property runs a $1,045/month shortfall after mortgage and carrying costs. Break-even requires approximately 52% down.

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

Estateblock Rent Estimate for 1106 5885 Olive Avenue, Burnaby

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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.