Home Burnaby, BC Metrotown The Metropolitan 2301 5885 Olive Avenue

2301 5885 Olive Ave, Burnaby BC - Apartment/Condo for Sale - MLS# R3161057

4 days on the market

$1,188,000

Est. Mortgage $5,256/mo

Listing updated: Sep 2, 2026 at 11:23pm

EstateBlock checked: Sep 5, 2026 at 11:45pm

2 Beds

2 Baths

1190 sqft

998 $ /sqft

522.33 $ Maint. fee

1991 built

NEW

4 days on the market

$1,188,000

Est. $5,256/mo with 20% down

Listing updated: Sep 2, 2026 at 11:23pm

EstateBlock checked: Sep 5, 2026 at 11:45pm

Photos

Exterior Front Photo of 2301 5885 Olive Avenue, Burnaby, BC

Exterior Rear Photo of 2301 5885 Olive Avenue, Burnaby, BC

Living Room Photo of 2301 5885 Olive Avenue, Burnaby, BC

Family Room Photo of 2301 5885 Olive Avenue, Burnaby, BC

Dining Area Photo of 2301 5885 Olive Avenue, Burnaby, BC

Kitchen Photo of 2301 5885 Olive Avenue, Burnaby, BC

Kitchen Island Photo of 2301 5885 Olive Avenue, Burnaby, BC

Pantry Photo of 2301 5885 Olive Avenue, Burnaby, BC

Breakfast Nook Photo of 2301 5885 Olive Avenue, Burnaby, BC

Primary Bedroom Photo of 2301 5885 Olive Avenue, Burnaby, BC

Welcome to this spacious 1,190 sq. ft. corner residence in the heart of Metrotown, featuring 2 bedrooms and 2 full bathrooms with panoramic views of the North Shore Mountains, Downtown Vancouver and Richmond. The well-maintained building offers an indoor pool, recreation centre, sauna/steam room and billiards room. Recent building upgrades include a newer roof, redone piping, an upgraded pool, two new elevators, fob-operated automatic entry doors and ongoing window replacement. The home includes 1 parking stall and 1 storage locker. Conveniently located near Central Park, Metrotown shopping, restaurants, transit and SkyTrain, with easy access to everyday amenities, walking trails and major routes throughout Burnaby and Vancouver.

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features	Elevator, Storage, Vaulted Ceiling(s)
Heating Type	Electric, Forced Air
Cooling	Central Air, Air Conditioning
Laundry	In Unit
# of Kitchens	1
Flooring	Hardwood
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Balcony
Roof	Metal, Torch-On
Structures	Multi Family, Residential Attached

Building Details

Price	$1,188,000
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	1190
Year Built	1991
Age Of Building	35
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Exercise Centre, Recreation Facilities, Cable/Satellite, Caretaker, Trash, Maintenance Grounds, Heat, Sewer, Snow Removal, Water
Ownership Type	Freehold Strata
Maintenance Fee	$522.33
Community Features	Retirement Community, Shopping Nearby
Amenities Nearby	Bike Room, Exercise Centre, Recreation Facilities, Cable/Satellite, Caretaker, Trash, Maintenance Grounds, Heat, Sewer, Snow Removal, Water
Utility Type	Electricity Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Underground, Guest
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Smoking Restrictions
Pet Restrictions	Cats OK, Dogs OK, Yes With Restrictions

Lot & Land

MLS^® #	R3161057
Area	Burnaby South
Neighbourhood	Metrotown
City	Burnaby
Postal Code	V5H 4N8
Gross Taxes	$1,728.68
Zoning	RM5

Property Timeline

Status	Date	Price
R3161057 / Active	09-02-2026	$1,188,000
to view full Property History (1 earlier record)

Rooms

Floor	Type	Dimensions
Main Level	Dining Room	14'11 x 14'11 ft
Main Level	Kitchen	12'4 x 12'4 ft
Main Level	Living Room	15'5 x 15'5 ft
Main Level	Bedroom	11'6 x 11'6 ft
Main Level	Bedroom	9'6 x 9'6 ft
Main Level	Foyer	4'3 x 4'3 ft

Bathrooms

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

Listed by: ComFree

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 0.45 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

36 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $570,240

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

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

4 DOM

Very fast

Metrotown avg

44 DOM

Average

Burnaby avg

44 DOM

Slower market

2301 5885 Olive Avenue has a sell-speed score of 36/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 52% 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 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 (BC ENV 2024). 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 · 76 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 · 115 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 · 434 m · Supermarket

Healthcare (8 nearby)

The medicine shoppe · 76 m · Healthcare
Shoppers drug mart · 406 m · Healthcare
Enhance rx · 466 m · Healthcare

Transit (3 nearby)

Skytrain @ patterson stn station · 272 m · Transit
Skytrain @ metrotown stn station · 831 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 —	0	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 —	0	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 2301 5885 Olive Ave, Burnaby, BC

2301 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

2301 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 2301 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 2301 5885 Olive Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $144

Maintenance fee 522.33

With a 20% down payment, buyers can expect an estimated $5,203/month in total housing costs on this $1,188,000 property — $4,537 mortgage payment, $144 property tax, $522 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: Sep 2, 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

Based on $3,419/month estimated rent and $5,254/month in total housing costs, this property has a -$1,835/month cashflow. Break-even down payment: approximately 53%.

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

Estateblock Rent Estimate for 2301 5885 Olive Avenue, Burnaby

Buy Vs Rent Calculator

— / month

Rent —

Own —

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

Rent vs own

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Principal paid off by year 5 —

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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.

Quick summary

auto

52% above Metrotown avg

$1,188,000 vs $781,558 area average

Price/sqft: $998
Annual tax: $1,728.68
Total monthly est.: $5,922
Walk Score: 95 — Walker's Paradise
Skytrain: 0.27 km
Flood risk: None
Crime rate: Below average
Pets allowed: Cats OK, Dogs OK, Yes With Restrictions

School catchment

auto

Elementary: Chaffey-Burke Elementary School
Rating: 7.1/10
Distance: 0.45 km
Secondary: Moscrop Secondary School
Distance: 1.36 km

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Renanza Realty

778-918-5990

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

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Walkability & Transit Near 2301 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

More Listings in This Building

$683,000

2301 5885 Olive Ave, Burnaby BC - Apartment/Condo for Sale - MLS# R3161057

Photos

Property Details for 2301 5885 Olive Avenue

Interior Features

Exterior Features

Building Details

Lot & Land

Property Timeline

Map & Neighbourhood

Sell Speed & Competition

Climate Risk for V5H 4N8

Nearby Restaurants, Cafes & Shops

Shopping (157 nearby)

Restaurants (108 nearby)

Cafes (32 nearby)

Groceries (16 nearby)

Healthcare (8 nearby)

Transit (3 nearby)

Schools NearBy

Chaffey-Burke Elementary School

Grades Served

Catchment Info

Distance

École Inman Elementary

Grades Served

Catchment Info

Distance

Moscrop Secondary School

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

Graham Bruce Community Elementary School

Grades Served

Catchment Info

Distance

Collingwood Neighbourhood School

Grades Served

Catchment Info

Distance

Champlain Heights Community Elementary School

Grades Served

Catchment Info

Distance

Cascade Heights Elementary

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

Suncrest Elementary School

Grades Served

Catchment Info

Distance

Sir Wilfred Grenfell Community

Grades Served

Catchment Info

Distance

Nelson Elementary School

Grades Served

Catchment Info

Distance

Sir Wilfred Grenfell Community School

Grades Served

Catchment Info

Distance

Captain James Cook Elementary School