$1,188,000
By car (off-peak)
Sold
210 1216 Homer Street, Vancouver, BC
1
Beds
1
Baths
548
sqft
1997
built
2301 5885 Olive Ave, Burnaby BC – Condo for Sale – MLS® R3161057
2301 5885 Olive Avenue, Burnaby, British Columbia V5H 4N8
48 days on the market
$1,128,000
Est. Mortgage $4,990/mo
Listing updated:
EstateBlock checked:
2
Beds
2
Baths
1190
sqft
948
$
/sqft
610.33
$
Maint. fee
1991
built
5.1% price reduction
Photos
Property Details for 2301 5885 Olive Avenue
5.1% price reduction
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 | $1,128,000 |
|---|---|
| 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 | $610.33 |
| 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
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.
About the building: The Metropolitan
5885 Olive Avenue, Metrotown, Burnaby
The Metropolitan building detailsBuilding
- 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
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
- 81
- Sold, past year
- 5
This home
$948/sqft, 51.4% above the building median of $626.
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
- Secondary
- Moscrop Secondary School
- Above Average 1.36 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 2.88 km
- Secondary
- Whytecliff Agile Learning Centre-Burnaby
- Above Average 2.6 km
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
42 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $416,232
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
48 DOM
Metrotown avg
50 DOM
Burnaby avg
50 DOM
2301 5885 Olive Avenue has a sell-speed score of 42/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 63.1% 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 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
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 (~2.6 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.
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 ServedK-7
|
Catchment InfoIn Catchment
|
Distance455 m
|
|
École Inman Elementary |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance901 m
|
|
Moscrop Secondary School |
Public |
Grades Served8-12
|
Catchment InfoIn Catchment
|
Distance1.36 KM
|
|
Burnaby Youth Hub Secondary Program |
Public |
Grades Served—
|
Catchment Info—
|
Distance1.49 KM
|
|
Dr. H. N. MacCorkindale Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.52 KM
|
|
Graham Bruce Community Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.64 KM
|
|
Collingwood Neighbourhood School |
Public |
Grades ServedK-3
|
Catchment Info—
|
Distance1.66 KM
|
|
Champlain Heights Community Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.73 KM
|
|
Cascade Heights Elementary |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.77 KM
|
|
BC Provincial School For The Deaf Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance1.77 KM
|
|
South Slope Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.78 KM
|
|
Suncrest Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance1.91 KM
|
|
Sir Wilfred Grenfell Community |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.15 KM
|
|
Nelson Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.15 KM
|
|
Sir Wilfred Grenfell Community School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.15 KM
|
|
Captain James Cook Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.31 KM
|
|
Gilpin Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.32 KM
|
|
Champlain Heights Annex |
Public |
Grades ServedK-3
|
Catchment Info—
|
Distance2.44 KM
|
|
Burnaby South Secondary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.53 KM
|
|
Killarney Secondary School |
Public |
Grades Served8-12
|
Catchment Info—
|
Distance2.59 KM
|
|
Whytecliff Agile Learning Centre-Burnaby |
Independent |
Grades Served—
|
Catchment Info—
|
Distance2.60 KM
|
|
Windermere Community Secondary School |
Public |
Grades Served8-12
|
Catchment Info—
|
Distance2.64 KM
|
|
Renfrew Community Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.70 KM
|
|
Douglas Road Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.83 KM
|
|
Burnaby Central Secondary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.83 KM
|
|
Windsor Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.84 KM
|
|
Vancouver Christian School |
Independent |
Grades ServedK-6
|
Catchment Info—
|
Distance2.88 KM
|
|
Vancouver Christian |
Independent |
Grades Served—
|
Catchment Info—
|
Distance2.88 KM
|
|
Anne-Hebert |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.93 KM
|
Pre-computed routes from 2301 5885 Olive Ave, Burnaby, BC
2301 5885 Olive Ave, Burnaby, BC
23 min
Downtown Vancouver
By transit (Skytrain)
-
Downtown Vancouver via Patterson → Waterfront23 min
-
Metrotown, Burnaby via Patterson → Metrotown7 min
-
SFU Burnaby via Patterson → Production Way27 min
-
Richmond Centre via Patterson → Brighouse48 min
-
YVR Airport via Patterson → YVR-Airport49 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 Island16 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
Bikeable 78
Bike Score - Very Bikeable
Biking is convenient for most trips
Mortgage Calculator for 2301 5885 Olive Avenue
/month
Principal & Interest
Property Taxes
$144
Maintenance fee
610.33
With a 20% down payment, buyers can expect an estimated $5,062/month in total housing costs on this $1,128,000 property — $4,308 mortgage payment, $144 property tax, $610 maintenance fee.
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 $3,246/month estimated rent and $5,110/month in total housing costs, this property has a -$1,864/month cashflow. Break-even down payment: approximately 55%.
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
Principal: —
Interest, tax, insurance, fees: —
Rent vs own
—
Principal paid off by year 5
—
Principal paid off by year 10
—
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.
Price vs Neighbourhood Average — Metrotown, Burnaby
This Home
$1,128,000
Burnaby
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Metrotown
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Based on 34 comparable active apartments/condos in Metrotown, the average asking price is $691,599. This listing is priced 63.1% above the neighbourhood average. This property is flagged as a Hot Deal (5.1% price reduction) based on its competitive pricing and market demand.
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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600-777 Hornby Street, Vancouver, BC V6Z 1S4. Call 778-918-5990.
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