Home Burnaby, BC Metrotown Perla 1804 5938 Olive Avenue

1804 5938 Olive Ave, Burnaby BC – Condo for Sale – MLS® R3177065

1804 5938 Olive Avenue, Burnaby, British Columbia V5H 0M6

Burnaby Condos for Sale

Today on the market

$699,000

Est. Mortgage $3,092/mo

Listing updated: Oct 20, 2026 at 02:26pm

EstateBlock checked: Oct 20, 2026 at 02:40pm

Perla

1 Beds

1 Baths

526 sqft

1329 $ /sqft

262.14 $ Maint. fee

2026 built

NEW OPEN HOUSE

Photos

Exterior photo of 1804 5938 Olive Ave, Burnaby, BC – MLS® R3177065

Exterior Rear Photo of 1804 5938 Olive Avenue, Burnaby, BC

Living Room Photo of 1804 5938 Olive Avenue, Burnaby, BC

Family Room Photo of 1804 5938 Olive Avenue, Burnaby, BC

Dining Area Photo of 1804 5938 Olive Avenue, Burnaby, BC

Kitchen Photo of 1804 5938 Olive Avenue, Burnaby, BC

Kitchen Island Photo of 1804 5938 Olive Avenue, Burnaby, BC

Pantry Photo of 1804 5938 Olive Avenue, Burnaby, BC

Breakfast Nook Photo of 1804 5938 Olive Avenue, Burnaby, BC

Primary Bedroom Photo of 1804 5938 Olive Avenue, Burnaby, BC

Primary Bathroom Photo of 1804 5938 Olive Avenue, Burnaby, BC

Walk-In Closet Photo of 1804 5938 Olive Avenue, Burnaby, BC

Bedroom 2 Photo of 1804 5938 Olive Avenue, Burnaby, BC

Bedroom 3 Photo of 1804 5938 Olive Avenue, Burnaby, BC

Bedroom 4 Photo of 1804 5938 Olive Avenue, Burnaby, BC

Guest Bathroom Photo of 1804 5938 Olive Avenue, Burnaby, BC

Powder Room Photo of 1804 5938 Olive Avenue, Burnaby, BC

Office / Den Photo of 1804 5938 Olive Avenue, Burnaby, BC

Loft / Bonus Room Photo of 1804 5938 Olive Avenue, Burnaby, BC

Basement Recreation Room Photo of 1804 5938 Olive Avenue, Burnaby, BC

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Mudroom Photo of 1804 5938 Olive Avenue, Burnaby, BC

Entry Foyer Photo of 1804 5938 Olive Avenue, Burnaby, BC

Hallway Photo of 1804 5938 Olive Avenue, Burnaby, BC

Staircase Photo of 1804 5938 Olive Avenue, Burnaby, BC

Garage Interior Photo of 1804 5938 Olive Avenue, Burnaby, BC

Outdoor Patio Photo of 1804 5938 Olive Avenue, Burnaby, BC

Outdoor Deck Photo of 1804 5938 Olive Avenue, Burnaby, BC

Backyard Photo of 1804 5938 Olive Avenue, Burnaby, BC

Front Yard Photo of 1804 5938 Olive Avenue, Burnaby, BC

Garden / Landscaping Photo of 1804 5938 Olive Avenue, Burnaby, BC

Swimming Pool Photo of 1804 5938 Olive Avenue, Burnaby, BC

Hot Tub / Spa Photo of 1804 5938 Olive Avenue, Burnaby, BC

Outdoor Kitchen Photo of 1804 5938 Olive Avenue, Burnaby, BC

Aerial View of 1804 5938 Olive Avenue, Burnaby, BC

Street View Photo of 1804 5938 Olive Avenue, Burnaby, BC

Neighborhood Park Photo Near 1804 5938 Olive Avenue, Burnaby, BC

Community Amenities Photo (Clubhouse) of 1804 5938 Olive Avenue, Burnaby, BC

Fitness Center Photo Near 1804 5938 Olive Avenue, Burnaby, BC

Playground / Recreational Area Near 1804 5938 Olive Avenue, Burnaby, BC

Welcome to PERLA by Polygon! This stunning 18th-floor 1 bedroom, 1 bathroom home offers unobstructed NE-facing city views and a bright, contemporary interior. Enjoy a thoughtfully designed layout, sleek integrated appliances, engineered stone countertops, built-in closet storage and heat-pump cooling for year-round comfort. Perla offers exceptional amenities including a concierge, fitness centre, spin studio, outdoor jacuzzi, work lounge and the spectacular top-floor Perla Lounge with indoor and outdoor entertaining spaces. Ideally located in the heart of Metrotown, just minutes from Central Park, Metropolis at Metrotown, restaurants, shopping and SkyTrain. An exceptional home in one of Burnaby’s most convenient neighbourhoods! Open house Sunday, Oct 25, 2-4pm.

Open houses

25 Oct, 2026 (01:00 PM to 03:00 PM)

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Interior Features	Elevator, Storage
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
Roof	Other
Structures	Multi Family, Residential Attached

Building Details

Price	$699,000
Total Bedrooms	1
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	526
Year Built	2026
Age Of Building	0
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Exercise Centre, Sauna/Steam Room, Concierge, Trash, Maintenance Grounds, Gas, Hot Water, Management
Building Name	Perla
Ownership Type	Freehold Strata
Maintenance Fee	$262.14
Community Features	Shopping Nearby
Amenities Nearby	Exercise Centre, Sauna/Steam Room, Concierge, Trash, Maintenance Grounds, Gas, Hot Water, Management
Utility Type	Electricity Connected, Water Connected
Utility Sewer	Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Garage Under Building
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Yes With Restrictions

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3177065
Area	Burnaby South
Neighbourhood	Metrotown
City	Burnaby
Postal Code	V5H 0M6
Gross Taxes	0
Zoning	CD

Property Timeline

Status	Date	Price
R3177065 / Active	10-20-2026	$699,000

Rooms

Floor	Type	Dimensions
Main Level	Kitchen	11' x 11' ft
Main Level	Living Room	11'1 x 11'1 ft
Main Level	Primary Bedroom	9'6 x 9'6 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#4

Listed by: HouseSigma Inc.

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: Perla

5938 Olive Avenue, Metrotown, Burnaby

Perla building details

Building

Built: 2026
Homes: 335 in 39 storeys
Construction: Concrete
Title: Freehold Strata
Strata plan: EPP123415
Managed by: Awm Alliance R E Group Ltd
Parking: Visitor Parking, Garage: Underground
Lockers: Limited
Strata fee covers: Snow removalRecreation FacilityManagementHot WaterGasGardeningGarbage Pickup

Bylaws on record

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

Market at Perla

For sale: 1
Median ask: $699K
Median $/sqft: $1,329

This home

$1,329/sqft, in line with the building median of $1,329.

Still inside its 2-5-10 new-home warranty — building-envelope coverage to 2031, structural to 2036.

Homes for sale at Perla, Burnaby Recent sold listings in Perla, 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 0.59 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: 0.13 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

45 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $596,946

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

0 DOM

Very fast

Metrotown avg

50 DOM

Average

Burnaby avg

50 DOM

Slower market

1804 5938 Olive Avenue has a sell-speed score of 45/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 14.6% 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 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 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. Nearest station: Burnaby South, Burnaby (~2.5 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 · 190 m · Beauty Shop
Pretty nails · 200 m · Beauty Shop

Restaurants (110 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 · 372 m · Cafe
Money tea · 434 m · Cafe

Groceries (19 nearby)

Amigos mios mexican & latino grocery store · 387 m · Convenience
Bc liquor store · 415 m · Beverages
Good neighbour supermarket · 428 m · Greengrocer

Healthcare (10 nearby)

The medicine shoppe · 250 m · Healthcare
Shoppers drug mart · 435 m · Healthcare
Crystal pharmacy · 473 m · Healthcare

Transit (3 nearby)

Skytrain @ patterson stn station · 136 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 1.37 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 1.60 KM
Champlain Heights Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 1.60 KM
South Slope Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 1.60 KM
Collingwood Neighbourhood School	Public	Grades Served K-3	Catchment Info —	N/A	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 2.19 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 —	N/A	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 2.83 KM
Renfrew Community Elementary School	Public	Grades Served K-7	Catchment Info —	6.6 / 10	Distance 2.84 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 1804 5938 Olive Ave, Burnaby, BC

1804 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

1804 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).

Mortgage Calculator for 1804 5938 Olive Avenue

/month

Principal & Interest

Property Taxes $0

Maintenance fee 262.14

With a 20% down payment, buyers can expect an estimated $2,932/month in total housing costs on this $699,000 property — $2,670 mortgage payment, $262 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

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

Based on $2,481/month estimated rent and $2,989/month in total housing costs, this property has a -$508/month cashflow. Break-even down payment: approximately 36%.

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

Estateblock Rent Estimate for 1804 5938 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.