Home Burnaby, BC Metrotown Perla 2507 5938 Olive Avenue

2507 5938 Olive Ave, Burnaby BC V5H 0M6 – Condo for Sale – MLS® R3183213

2507 5938 Olive Avenue, Burnaby, British Columbia V5H 0M6

Burnaby Condos for Sale

Today on the market

$989,000

Est. monthly cost $4,414/mo

Updated with MLS® - Nov 11, 2026 at 01:45pm

2 Beds

2 Baths

871 sqft

1135 $ /sqft

429.28 $ Maint. fee

2026 built

NEW OPEN HOUSE

Photos

Elevated park-side living at PERLA by Polygon! This southeast-facing 2-bedroom, 2-bathroom home on the 25th floor enjoys beautiful views of Central Park. A standout feature is the expansive 400 sq. ft. covered balcony—one of the largest balcony layouts in the building—offering exceptional space for outdoor dining, entertaining or simply relaxing above the city. Thoughtfully designed interiors feature a contemporary kitchen with integrated appliances and heat-pump cooling for year-round comfort. Enjoy exceptional amenities including concierge service, a fitness centre and rooftop Perla Lounge. Ideally located beside Central Park and steps to Patterson SkyTrain, with Metropolis at Metrotown, Crystal Mall and restaurants nearby. Includes 1 parking and 1 locker. Open House Nov 15 Sun 2-4 PM

Open houses

15 Nov, 2026 (02:00 PM to 04:00 PM)

Building 24 fields Inside & out 11 fields Lot & land 8 fields

Building Details

Price	$989,000
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	871
Year Built	2026
Age Of Building	0
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Exercise Centre, Concierge, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Snow Removal
Ownership Type	Freehold Strata
Maintenance Fee	$429.28
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Exercise Centre, Concierge, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Snow Removal
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Garage Under Building, Side Access
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions	Number Limit (Two), Yes With Restrictions
Units In Development	335

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features	Elevator
Fireplace	0
Heating Type	Heat Pump
# of Kitchens	0
Foundation	Slab

Exterior Features

Exterior Features	Garden, Playground, Balcony
Roof	Other
Structures	Multi Family, Residential Attached

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3183213
Area	Burnaby South
Neighbourhood	Metrotown
City	Burnaby
Postal Code	V5H 0M6
Gross Taxes	0
Zoning	CD-RM5

Property Timeline

Status	Date	Price
R3183213 / Active	11-11-2026	$989,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	12'3 x 12'3 ft
Main Level	Dining Room	12' x 12' ft
Main Level	Bedroom	9'11 x 9'11 ft
Main Level	Bedroom	9'0 x 9'0 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#3
Main Level	No	#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: 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: 10
Median ask: $847K
Median $/sqft: $1,026
Days on market: 7

This home

$1,135/sqft, 10.6% above the building median of $1,026.

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, sell speed & climate

SkyTrain 0.08 km · Moscrop Secondary School 7.4/10 · 1.58 km · crime below average · sell-speed score 42/100 (may take longer) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Shopping (179 nearby)

Hair city · 236 m · Hairdresser
Shi nail blue · 238 m · Beauty Shop
Pretty nails · 252 m · Beauty Shop

Restaurants (110 nearby)

Big way hotpot · 239 m · Restaurant
Pho 24 express · 243 m · Restaurant
Bubble world · 245 m · Restaurant

Cafes (32 nearby)

Waves coffee house · 232 m · Cafe
Macu tea · 426 m · Cafe
Money tea · 477 m · Cafe

Groceries (18 nearby)

Amigos mios mexican & latino grocery store · 441 m · Convenience
Bc liquor store · 470 m · Beverages
Good neighbour supermarket · 470 m · Greengrocer

Healthcare (10 nearby)

The medicine shoppe · 288 m · Healthcare
Shoppers drug mart · 489 m · Healthcare
Crystal pharmacy · 513 m · Healthcare

Transit (3 nearby)

Skytrain @ patterson stn station · 82 m · Transit
Skytrain @ metrotown stn station · 714 m · Transit
Bus stop metrotown station @ bay 14 · 852 m · Transit

Public Schools

Elementary
Chaffey-Burke Elementary School: Above Average 0.64 km 7.1/10
Secondary
Moscrop Secondary School: Above Average 1.58 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 3.05 km 9.1/10
Secondary
Whytecliff Agile Learning Centre-Burnaby: Above Average 2.78 km 10/10

Closest Transit

Bus Stop
Patterson Station @ Bay 2: 0.05 km
Skytrain
Skytrain @ Patterson Stn: 0.08 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: Possible
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

Price competition grade

Avg comparable: $828,232

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Possible — near transit

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

2507 5938 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 19.4% 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 could take longer than the area average to sell.

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.

Schools NearBy

26 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 638 m
École Inman Elementary	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 1.08 KM
Burnaby Youth Hub Secondary Program	Public	Grades Served —	Catchment Info —	2.7 / 10	Distance 1.39 KM
Dr. H. N. MacCorkindale Elementary School	Public	Grades Served K-7	Catchment Info —	6.4 / 10	Distance 1.41 KM
Champlain Heights Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 1.55 KM
Moscrop Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.4 / 10	Distance 1.58 KM
BC Provincial School For The Deaf Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 1.59 KM
South Slope Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 1.59 KM
Collingwood Neighbourhood School	Public	Grades Served K-3	Catchment Info —	N/A	Distance 1.68 KM
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 1.69 KM
Graham Bruce Community Elementary School	Public	Grades Served K-7	Catchment Info —	6.1 / 10	Distance 1.77 KM
Cascade Heights Elementary	Public	Grades Served K-7	Catchment Info —	6.7 / 10	Distance 1.94 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 2.14 KM
Sir Wilfred Grenfell Community	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 2.24 KM
Sir Wilfred Grenfell Community School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 2.24 KM
Champlain Heights Annex	Public	Grades Served K-3	Catchment Info —	N/A	Distance 2.24 KM
Burnaby South Secondary	Public	Grades Served —	Catchment Info —	5.2 / 10	Distance 2.43 KM
Killarney Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 2.48 KM
Gilpin Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.49 KM
Windermere Community Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 2.75 KM
Anne-Hebert	Public	Grades Served —	Catchment Info —	7.6 / 10	Distance 2.78 KM
Whytecliff Agile Learning Centre-Burnaby	Independent	Grades Served —	Catchment Info —	10.0 / 10	Distance 2.78 KM
Windsor Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 2.82 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 2.99 KM

Pre-computed routes from 2507 5938 Olive Ave, Burnaby, BC

2507 5938 Olive Ave, Burnaby, BC Patterson 0.1 km

21 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Patterson → Waterfront
21 min
Metrotown, Burnaby via Patterson → Metrotown
5 min
SFU Burnaby via Patterson → Production Way
25 min
Richmond Centre via Patterson → Brighouse
46 min
YVR Airport via Patterson → YVR-Airport
47 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

2507 5938 Olive Ave, Burnaby, BC is ideally located for commuters. The property is 0.1 km from Patterson, with a 21 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Patterson Station @ Bay 2 (0.05 km). Walk Score Transit rating: Excellent Transit (88/100).

Walkability & Transit Near 2507 5938 Olive Avenue

Walker's Paradise 92

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 80

Bike Score - Very Bikeable

Biking is convenient for most trips

Costs & calculators

Monthly cost about $4,414/month · rent estimate $3,596/month · owning nets $255/month less than renting · cash flow if rented −$1,060/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 2507 5938 Olive Avenue

$4,414 /month

Principal & Interest $3,985

Property Taxes $0

Maintenance fee $429

The estimated monthly cost of 2507 5938 Olive Avenue, Burnaby is $4,414: $3,985 principal and interest with 20% down over 30 years at 4.45%, plus $429 strata 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

−$1,060 /month

Mortgage Payment $3,985

Monthly Cash Flow −$1,060

Break Even Down Payment 42%

Cap Rate -1.3%

Cash on Cash -6.4%

If 2507 5938 Olive Avenue, Burnaby were rented at $3,596 a month with 5% vacancy, it would fall $1,060 a month short of the mortgage and carrying costs; about 42% 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 2507 5938 Olive Avenue, Burnaby

$3,596 / month

Rent $3,596

Own $4,414

Principal: $1,282/mo Interest, tax, insurance, fees: $3,132/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$1,073/mo (year 1) → ~$2,495/mo (year 20) → ~$3,722/mo (year 29).

Net cost to own at year 5 ~$3,132/mo About $464/mo less than renting

EstateBlock estimates 2507 5938 Olive Avenue, Burnaby would rent for about $3,596 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: 2507 5938 Olive Avenue

Rent vs own

Owning nets $255/mo less than renting

With 20% down ($197,800) at 4.45%: $3,341/mo net cost to own in year 1 vs $3,596/mo rent

Principal paid off by year 5 $70,506

Principal paid off by year 10 $158,547

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 2507 5938 Olive Avenue, Burnaby nets about $255 a month less than renting it in year 1, with $70,506 of principal paid off by year 5 and $158,547 by year 10.

Call or Text Now!

Dan Marusin

Renanza Realty

778-918-5990

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

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Walkability & Transit Near 2507 5938 Olive Avenue

Walker's Paradise 92

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 80

Bike Score - Very Bikeable

Biking is convenient for most trips

More Listings in This Building

7.6% price reduction

$959,000

2507 5938 Olive Ave, Burnaby BC V5H 0M6 – Condo for Sale – MLS® R3183213

Photos

Property Details for 2507 5938 Olive Avenue

Building Details

Interior Features

Exterior Features

Lot & Land

Property Timeline

About the building: Perla

Map, sell speed & climate

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Shopping (179 nearby)

Restaurants (110 nearby)

Cafes (32 nearby)

Groceries (18 nearby)

Healthcare (10 nearby)

Transit (3 nearby)

Sell Speed & Competition

Climate Risk for V5H 0M6

Schools NearBy

Chaffey-Burke Elementary School

Grades Served

Catchment Info

Distance

École Inman Elementary

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

Champlain Heights Community Elementary School

Grades Served

Catchment Info

Distance

Moscrop Secondary School

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

Collingwood Neighbourhood School

Grades Served

Catchment Info

Distance

Suncrest Elementary School

Grades Served

Catchment Info

Distance

Graham Bruce Community Elementary School

Grades Served

Catchment Info

Distance

Cascade Heights Elementary

Grades Served

Catchment Info

Distance

Nelson Elementary School

Grades Served

Catchment Info

Distance

Captain James Cook Elementary School

Grades Served

Catchment Info

Distance

Sir Wilfred Grenfell Community

Grades Served

Catchment Info