Home Burnaby, BC Metrotown Phoenix 205 5388 Grimmer Street

205 5388 Grimmer St, Burnaby BC – Condo for Sale – MLS® R3178614

205 5388 Grimmer Street, Burnaby, British Columbia V5H 0B9

Burnaby Condos for Sale

6 days on the market

$599,800

Est. Mortgage $2,654/mo

Listing updated: Nov 1, 2026 at 01:35pm

EstateBlock checked: Nov 1, 2026 at 01:45pm

The Phoenix

2 Beds

2 Baths

830 sqft

723 $ /sqft

419 $ Maint. fee

2010 built

OPEN HOUSE 21.6% cheaper than comps

Photos

Exterior photo of 205 5388 Grimmer St, Burnaby, BC – MLS® R3178614

Exterior Rear Photo of 205 5388 Grimmer Street, Burnaby, BC

Living Room Photo of 205 5388 Grimmer Street, Burnaby, BC

Family Room Photo of 205 5388 Grimmer Street, Burnaby, BC

Dining Area Photo of 205 5388 Grimmer Street, Burnaby, BC

Kitchen Photo of 205 5388 Grimmer Street, Burnaby, BC

Kitchen Island Photo of 205 5388 Grimmer Street, Burnaby, BC

Pantry Photo of 205 5388 Grimmer Street, Burnaby, BC

Breakfast Nook Photo of 205 5388 Grimmer Street, Burnaby, BC

Primary Bedroom Photo of 205 5388 Grimmer Street, Burnaby, BC

Primary Bathroom Photo of 205 5388 Grimmer Street, Burnaby, BC

Walk-In Closet Photo of 205 5388 Grimmer Street, Burnaby, BC

Bedroom 2 Photo of 205 5388 Grimmer Street, Burnaby, BC

Bedroom 3 Photo of 205 5388 Grimmer Street, Burnaby, BC

Bedroom 4 Photo of 205 5388 Grimmer Street, Burnaby, BC

Guest Bathroom Photo of 205 5388 Grimmer Street, Burnaby, BC

Powder Room Photo of 205 5388 Grimmer Street, Burnaby, BC

Office / Den Photo of 205 5388 Grimmer Street, Burnaby, BC

Loft / Bonus Room Photo of 205 5388 Grimmer Street, Burnaby, BC

Basement Recreation Room Photo of 205 5388 Grimmer Street, Burnaby, BC

Laundry Room Photo of 205 5388 Grimmer Street, Burnaby, BC

Mudroom Photo of 205 5388 Grimmer Street, Burnaby, BC

Entry Foyer Photo of 205 5388 Grimmer Street, Burnaby, BC

Hallway Photo of 205 5388 Grimmer Street, Burnaby, BC

Staircase Photo of 205 5388 Grimmer Street, Burnaby, BC

Welcome to convenient living in the heart of Burnaby's vibrant Metrotown neighbourhood! This bright and spacious 2 bedroom, 2 bathroom home offers 830 sq. ft. of thoughtfully designed living space with 9-foot ceilings, laminate flooring and an open-concept layout perfect for everyday living and entertaining. Enjoy a modern kitchen with stone countertops, generous living and dining areas, and a private balcony overlooking the quiet side of the building. Complete with in-suite laundry, secured parking and a storage locker. Just a short stroll to Royal Oak SkyTrain and minutes from Metrotown, shopping, restaurants, parks and recreation. An incredible opportunity for first-time buyers, downsizers or investors looking for space, comfort and unbeatable convenience! OPEN SAT/SUN 2:30-4:30PM.

Open houses

01 Nov, 2026 (01:30 PM to 03:30 PM)

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features	Elevator, Storage
Heating Type	Baseboard, Electric
Laundry	In Unit
# of Kitchens	1
Flooring	Laminate, Tile
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Balcony
View Description	NEIGHBOURHOOD
Roof	Torch-On
Structures	Multi Family, Residential Attached

Building Details

Price	$599,800
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	830
Year Built	2010
Age Of Building	16
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Trash, Maintenance Grounds, Hot Water, Management
Building Name	The Phoenix
Ownership Type	Freehold Strata
Maintenance Fee	$419
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Trash, Maintenance Grounds, Hot Water, Management
Utility Type	Community, Natural Gas Connected, Water Connected
Utility Sewer	Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Underground, Guest, Front Access
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions	Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Restrictions	100
Units In Development	51

Lot & Land

MLS^® #	R3178614
Area	Burnaby South
Neighbourhood	Metrotown
City	Burnaby
Postal Code	V5H 0B9
Gross Taxes	$2,145.05
Zoning	CD

Property Timeline

Status	Date	Price
R3178614 / Active	10-26-2026	$599,800

Rooms

Floor	Type	Dimensions
Main Level	Foyer	9'7 x 9'7 ft
Main Level	Kitchen	10'8 x 10'8 ft
Main Level	Dining Room	11'7 x 11'7 ft
Main Level	Living Room	11'4 x 11'4 ft
Main Level	Bedroom	9'3 x 9'3 ft
Main Level	Primary Bedroom	14'5 x 14'5 ft

Bathrooms

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

Listed by: Oakwyn Realty Ltd.

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: Phoenix

5388 Grimmer Street, Metrotown, Burnaby

Phoenix building details

Building

Built: 2011
Homes: 51 in 4 storeys
Construction: Frame - Wood
Title: Freehold Strata
Strata plan: BCS4286
Managed by: Pacifica First Management
Parking: Garage: Underground
Lockers: Limited
Strata fee covers: ManagementHot WaterGardeningGarbage Pickup

Bylaws on record

Pets: Restricted; Cats and dogs OK, max 1
Rentals: Allowed

Market at Phoenix

For sale: 2
Median ask: $614K
Median $/sqft: $740
Days on market: 19

This home

$723/sqft, 2.3% below the building median of $740.

Homes for sale at Phoenix, Burnaby Recent sold listings in Phoenix, Burnaby

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

Map & Neighbourhood

Private Schools

Elementary
St. Francis de Sales: Above Average 1.48 km 8.7/10
Secondary
St. Thomas More Collegiate: Above Average 3.63 km 8.3/10

Closest Transit

Bus Stop
Westbound Kingsway @ Denbigh Ave: 0.08 km
Skytrain
Skytrain @ Royal Oak Stn: 0.41 km

Crime Rate

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

Demographics

Post-Secondary Education: Above Average 33.6%
No Certificate/Degree: Average 12.7%
Owner Occupied: Average 72%
Employment Rate: Average 60.1%

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

73 / 100

Overall sell-speed score

Likely within weeks

A+

Price competition grade

Avg comparable: $729,357

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.41 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

6 DOM

Very fast

Metrotown avg

50 DOM

Average

Burnaby avg

50 DOM

Slower market

205 5388 Grimmer Street has a sell-speed score of 73/100, placing it in the "Expected to sell within weeks" band. The listing is priced 21.6% 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 likely to sell within a few weeks.

Climate Risk for V5H 0B9

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5H 0B9, 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 (~0.9 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 (99 nearby)

Nailosho · 44 m · Beauty Shop
Nimo beauty salon · 63 m · Beauty Shop
Trek · 65 m · Bicycle Shop

Restaurants (74 nearby)

Jin jiang shanghai restaurant · 108 m · Restaurant
White spot · 158 m · Restaurant
Pho super bowl · 162 m · Restaurant

Cafes (25 nearby)

Sugar lab · 9 m · Cafe
Sweethoney dessert · 37 m · Cafe
Duoduo fruit shop · 49 m · Cafe

Groceries (13 nearby)

Ribbon · 237 m · Supermarket
Boemma euro foods & deli · 254 m · Supermarket
Hannam supermarket · 282 m · Supermarket

Healthcare (8 nearby)

Imperial remedy's rx pharmacy · 227 m · Healthcare
London drugs · 581 m · Healthcare
Bonsor pharmacy & medical supplies · 657 m · Healthcare

Transit (2 nearby)

Skytrain @ royal oak stn station · 415 m · Transit
Bus stop westbound rumble st @ royal oak ave · 973 m · Transit

Schools NearBy

21 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Burnaby South Secondary	Public	Grades Served —	Catchment Info —	5.2 / 10	Distance 782 m
Burnaby Youth Hub Secondary Program	Public	Grades Served —	Catchment Info —	2.7 / 10	Distance 784 m
Windsor Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 864 m
Nelson Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 1.11 KM
Clinton Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 1.33 KM
Brantford Elementary School	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 1.39 KM
St. Francis de Sales	Independent	Grades Served K-7	Catchment Info —	8.7 / 10	Distance 1.48 KM
BC Provincial School For The Deaf Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 1.50 KM
South Slope Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 1.54 KM
Chaffey-Burke Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 1.82 KM
Glenwood Elementary School	Public	Grades Served K-7	Catchment Info —	5.4 / 10	Distance 1.99 KM
Morley Elementary School	Public	Grades Served K-7	Catchment Info —	4.4 / 10	Distance 2.07 KM
Gilpin Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.24 KM
Burnaby Central Secondary	Public	Grades Served —	Catchment Info —	6.6 / 10	Distance 2.35 KM
Buckingham Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 2.50 KM
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 2.50 KM
Moscrop Secondary School	Public	Grades Served 8-12	Catchment Info —	7.4 / 10	Distance 2.58 KM
Taylor Park Elementary School	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 2.63 KM
École Inman Elementary	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 2.78 KM
Douglas Road Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 2.85 KM
Burnaby Montessori School	Independent	Grades Served K-1	Catchment Info —	N/A	Distance 2.97 KM

Pre-computed routes from 205 5388 Grimmer St, Burnaby, BC

205 5388 Grimmer St, Burnaby, BC Royal Oak 0.4 km

28 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Royal Oak → Waterfront
28 min
Metrotown, Burnaby via Royal Oak → Metrotown
10 min
SFU Burnaby via Royal Oak → Production Way
26 min
Richmond Centre via Royal Oak → Brighouse
53 min
YVR Airport via Royal Oak → YVR-Airport
54 min

By car (off-peak)

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

Calculate your commute

205 5388 Grimmer St, Burnaby, BC is ideally located for commuters. The property is 0.4 km from Royal Oak, with a 28 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Kingsway @ Denbigh Ave (0.08 km). Walk Score Transit rating: Excellent Transit (80/100).

Walkability & Transit Near 205 5388 Grimmer Street

Car-Dependent 92

Walk Score - Walker's Paradise

Daily errands do not require a car

Some Transit 80

Transit Score - Excellent Transit

Transit is convenient for most trips

Somewhat
Bikeable 75

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 205 5388 Grimmer Street

/month

Principal & Interest

Property Taxes $179

Maintenance fee 419

Based on a 30-year fixed at 4% interest with 20% down ($119,960), the estimated monthly payment for this listing is $2,889/month — $2,291 principal & interest, $179 property tax, $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.

Investment Cashflow Calculator

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Mortgage Payment

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Break Even Down Payment 0%

Cap Rate

Cash on Cash

At an estimated rental income of $2,187/month, this property runs a $761/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 205 5388 Grimmer Street, 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.