By car (off-peak)
Sold
205 5033 Cambie Street, Vancouver, BC
2
Beds
2
Baths
806
sqft
2019
built
1406 5938 Olive Ave Ave, Burnaby BC V5H 0M6 – Condo for Sale – MLS® R3181056
5 days on the market
$899,000
Est. monthly cost $4,050/mo
Updated with MLS® -
Perla
2
Beds
2
Baths
915
sqft
983
$
/sqft
427
$
Maint. fee
2026
built
Property Details for 1406 5938 Olive Avenue Avenue
Brand New at PERLA by Polygon! This stunning 14th-floor home features 2 bedrooms plus a windowed den, 2 bathrooms, and beautiful northeast-facing city views. Enjoy a bright, functional open-concept layout with contemporary finishes, sleek integrated appliances, engineered stone countertops, built-in closet storage, and heat-pump cooling for year-round comfort. Exceptional amenities include 24-hour concierge, fitness centre, spin studio, outdoor jacuzzi, work lounge, and a spectacular rooftop Perla Lounge. Ideally located beside the 213-acre Central Park and steps to Patterson SkyTrain, with easy access to Metropolis at Metrotown, Crystal Mall, restaurants, shopping, and everyday conveniences. An exceptional opportunity to own a brand-new Polygon home in the heart of Burnaby!
Open houses
08 Nov, 2026 (02:00 PM to 04:00 PM)
Building Details
| Price | $899,000 |
|---|---|
| Total Bedrooms | 2 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 915 |
| Year Built | 2026 |
| Age Of Building | 0 |
| Building Type | Apartment/Condo |
| Property Type | Residential |
| Stories | 1 |
| Building Amenities | Clubhouse, Exercise Centre, Sauna/Steam Room, Concierge, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Snow Removal, Water |
| Building Name | Perla |
| Ownership Type | Freehold Strata |
| Maintenance Fee | $427 |
| Amenities Nearby | Clubhouse, Exercise Centre, Sauna/Steam Room, Concierge, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Snow Removal, Water |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer |
| Water (WaterSource) | Public |
| Parking Type | Underground, Guest |
| Total Parking Spaces | 1 |
| Strata Restrictions | Pets Allowed w/Rest.,Rentals Allwd w/Restrctns |
| Pet Restrictions | Number Limit (Two), Yes With Restrictions |
| Units In Development | 335 |
Interior Features
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Interior Features | Elevator |
| Heating Type | Heat Pump |
| Cooling | Central Air |
| Laundry | In Unit |
| # of Kitchens | 1 |
| Foundation | Block, Concrete Perimeter |
Exterior Features
| Exterior Features | Playground, Balcony |
|---|---|
| View Description | CITY & MOUNTAIN VIEW |
| Structures | Multi Family, Residential Attached |
Lot & Land
| Lot Size Depth | Feet |
|---|---|
| MLS® # | R3181056 |
| Area | Burnaby South |
| Neighbourhood | Metrotown |
| City | Burnaby |
| Postal Code | V5H 0M6 |
| Gross Taxes | 0 |
| Zoning | CD |
Property Timeline
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 11'0' x 11'0' ft |
| Main Level | Kitchen | 11'7' x 11'7' ft |
| Main Level | Primary Bedroom | 10'9' x 10'9' ft |
| Main Level | Bedroom | 9'1' x 9'1' ft |
| Main Level | Flex Room | 6'6' x 6'6' ft |
| Main Level | Walk-In Closet | 5'10' x 5'10' ft |
| Main Level | Foyer | 7'1' x 7'1' ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | Yes | #4 |
| Main Level | No | #3 |
Listed by: eXp 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.
Map, sell speed & climate
SkyTrain 0.13 km · Moscrop Secondary School 7.4/10 · 1.54 km · crime below average · sell-speed score 50/100 (moderate pace) · flood lower risk · wildfire low
Map & Neighbourhood
Nearby Restaurants, Cafes & Shops
Shopping (199 nearby)
- Hair city · 190 m · Hairdresser
- Shi nail blue · 190 m · Beauty Shop
- Pretty nails · 200 m · Beauty Shop
Restaurants (111 nearby)
- Big way hotpot · 191 m · Restaurant
- Pho 24 express · 193 m · Restaurant
- Bubble world · 194 m · Restaurant
Cafes (32 nearby)
- Waves coffee house · 189 m · Cafe
- Macu tea · 373 m · Cafe
- Money tea · 436 m · Cafe
Groceries (19 nearby)
- Amigos mios mexican & latino grocery store · 387 m · Convenience
- Bc liquor store · 416 m · Beverages
- Good neighbour supermarket · 430 m · Greengrocer
Healthcare (10 nearby)
- The medicine shoppe · 249 m · Healthcare
- Shoppers drug mart · 436 m · Healthcare
- Crystal pharmacy · 475 m · Healthcare
Transit (3 nearby)
- Skytrain @ patterson stn station · 135 m · Transit
- Skytrain @ metrotown stn station · 695 m · Transit
- Bus stop northbound willingdon ave @ bond st · 850 m · Transit
Public Schools
- Elementary
- Chaffey-Burke Elementary School
- Above Average 0.59 km
- Secondary
- Moscrop Secondary School
- Above Average 1.54 km
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
- Secondary
- Whytecliff Agile Learning Centre-Burnaby
- Above Average 2.77 km
Closest Transit
- Bus Stop
- Patterson Station @ Bay 2
- 0.1 km
- Skytrain
- Skytrain @ Patterson Stn
- 0.13 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
50 / 100
Overall sell-speed score
Moderate pace expected
C
Price competition grade
Avg comparable: $837,263
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.13 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
5 DOM
Metrotown avg
50 DOM
Burnaby avg
50 DOM
1406 5938 Olive Avenue Avenue has a sell-speed score of 50/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 7.4% above comparable active properties in Metrotown. 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 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 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
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
Fire
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
Annual avg PM2.5 4.4 µg/m³ — meets WHO 2021 guideline. Nearest station: Burnaby South, Burnaby (~2.5 km). Annual avg AQHI 2.2 — Low Risk.
Heat
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
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
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.
Schools NearBy
27 Schools are within 3km
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Chaffey-Burke Elementary School |
Public |
Grades ServedK-7
|
Catchment InfoIn Catchment
|
Distance589 m
|
|
École Inman Elementary |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.07 KM
|
|
Burnaby Youth Hub Secondary Program |
Public |
Grades Served—
|
Catchment Info—
|
Distance1.36 KM
|
|
Dr. H. N. MacCorkindale Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.46 KM
|
|
Moscrop Secondary School |
Public |
Grades Served8-12
|
Catchment InfoIn Catchment
|
Distance1.54 KM
|
|
BC Provincial School For The Deaf Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance1.60 KM
|
|
South Slope Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.60 KM
|
|
Champlain Heights Community Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.60 KM
|
|
Collingwood Neighbourhood School |
Public |
Grades ServedK-3
|
Catchment Info—
|
Distance1.72 KM
|
|
Suncrest Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.72 KM
|
|
Graham Bruce Community Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.78 KM
|
|
Cascade Heights Elementary |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.93 KM
|
|
Nelson Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.00 KM
|
|
Captain James Cook Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.20 KM
|
|
Sir Wilfred Grenfell Community |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.26 KM
|
|
Sir Wilfred Grenfell Community School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.26 KM
|
|
Champlain Heights Annex |
Public |
Grades ServedK-3
|
Catchment Info—
|
Distance2.29 KM
|
|
Burnaby South Secondary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.41 KM
|
|
Gilpin Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.44 KM
|
|
Killarney Secondary School |
Public |
Grades Served8-12
|
Catchment Info—
|
Distance2.53 KM
|
|
Windermere Community Secondary School |
Public |
Grades Served8-12
|
Catchment Info—
|
Distance2.77 KM
|
|
Whytecliff Agile Learning Centre-Burnaby |
Independent |
Grades Served—
|
Catchment Info—
|
Distance2.77 KM
|
|
Windsor Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.78 KM
|
|
Anne-Hebert |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.83 KM
|
|
Renfrew Community Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.85 KM
|
|
Burnaby Central Secondary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.93 KM
|
|
Douglas Road Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.97 KM
|
Pre-computed routes from 1406 5938 Olive Ave Ave, Burnaby, BC
1406 5938 Olive Ave Ave, Burnaby, BC
22 min
Downtown Vancouver
By transit (Skytrain)
-
Downtown Vancouver via Patterson → Waterfront22 min
-
Metrotown, Burnaby via Patterson → Metrotown6 min
-
SFU Burnaby via Patterson → Production Way26 min
-
Richmond Centre via Patterson → Brighouse47 min
-
YVR Airport via Patterson → YVR-Airport48 min
By car (off-peak)
-
Downtown Vancouver via HWY 1 / Grandview11 min
-
Metrotown, Burnaby via Lougheed Hwy1 min
-
SFU Burnaby via Gaglardi Way9 min
-
Richmond Centre via No. 3 Rd14 min
-
YVR Airport via Bridgeport / Sea Island15 min
Calculate your commute
1406 5938 Olive Ave 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 1406 5938 Olive Avenue Avenue
Walker's Paradise
93
Walk Score - Walker's Paradise
Daily errands do not require a car
Excellent Transit
88
Transit Score - Excellent Transit
Transit is convenient for most trips
Very Bikeable
81
Bike Score - Very Bikeable
Biking is convenient for most trips
Costs & calculators
Monthly cost about $4,050/month · rent estimate $3,268/month · owning nets $194/month less than renting · cash flow if rented −$1,001/month
Mortgage Calculator for 1406 5938 Olive Avenue Avenue
$4,050
/month
Principal & Interest
$3,623
Property Taxes
$0
Maintenance fee
$427
The estimated monthly cost of 1406 5938 Olive Avenue Avenue, Burnaby is $4,050: $3,623 principal and interest with 20% down over 30 years at 4.45%, plus $427 strata fee.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Investment Cashflow Calculator
−$1,001
/month
Mortgage Payment
$3,623
Monthly Cash Flow
−$1,001
Break Even Down Payment
43%
Cap Rate
-1.3%
Cash on Cash
-6.7%
If 1406 5938 Olive Avenue Avenue, Burnaby were rented at $3,268 a month with 5% vacancy, it would fall $1,001 a month short of the mortgage and carrying costs; about 43% down would break even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Estateblock Rent Estimate for 1406 5938 Olive Avenue Avenue, Burnaby
$3,268
/ month
Principal: $1,165/mo
Interest, tax, insurance, fees: $2,885/mo
Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$975/mo (year 1) → ~$2,268/mo (year 20) → ~$3,383/mo (year 29).
Net cost to own at year 5
~$2,885/mo
About $383/mo less than renting
EstateBlock estimates 1406 5938 Olive Avenue Avenue, Burnaby would rent for about $3,268 a month.
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.
Rent vs own: 1406 5938 Olive Avenue Avenue
Rent vs own
Owning nets $194/mo less than renting
With 20% down ($179,800) at 4.45%: $3,074/mo net cost to own in year 1 vs $3,268/mo rent
Principal paid off by year 5
$64,090
Principal paid off by year 10
$144,119
Assumes 20% down payment, 4.45% fixed rate, 30-year amortization. Rent line = full rent (money gone). Own line = interest + property tax + fees, excluding principal (money you keep as equity). No appreciation, investment returns or transaction costs included.
Owning 1406 5938 Olive Avenue Avenue, Burnaby nets about $194 a month less than renting it in year 1, with $64,090 of principal paid off by year 5 and $144,119 by year 10.
Price vs Neighbourhood Average — Metrotown, Burnaby
This Home
$899,000
Burnaby
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Metrotown
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Based on 147 comparable active apartments/condos in Metrotown, the average asking price is $837,263. This listing is priced 7.4% above the neighbourhood average.
Data is based on list prices of similar active listings. 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
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About EstateBlock · Who reviews our guides
