Home Burnaby, BC Metrotown Phoenix 311 5388 Grimmer Street

311 5388 Grimmer St, Burnaby BC - Apartment/Condo for Sale - MLS# R3110283

146 days on the market

$469,000

Est. Mortgage $2,075/mo

Listing updated: Aug 7, 2026 at 06:22pm

EstateBlock checked: Sep 6, 2026 at 04:45am

The Phoenix

1 Beds

1 Baths

618 sqft

759 $ /sqft

312.6 $ Maint. fee

2010 built

146 days on the market

$469,000

Est. $2,075/mo with 20% down

Listing updated: Aug 7, 2026 at 06:22pm

EstateBlock checked: Sep 6, 2026 at 04:45am

Photos

Exterior Front Photo of 311 5388 Grimmer Street, Burnaby, BC

Exterior Rear Photo of 311 5388 Grimmer Street, Burnaby, BC

Living Room Photo of 311 5388 Grimmer Street, Burnaby, BC

Family Room Photo of 311 5388 Grimmer Street, Burnaby, BC

Dining Area Photo of 311 5388 Grimmer Street, Burnaby, BC

Kitchen Photo of 311 5388 Grimmer Street, Burnaby, BC

Kitchen Island Photo of 311 5388 Grimmer Street, Burnaby, BC

Pantry Photo of 311 5388 Grimmer Street, Burnaby, BC

Breakfast Nook Photo of 311 5388 Grimmer Street, Burnaby, BC

Primary Bedroom Photo of 311 5388 Grimmer Street, Burnaby, BC

Attention First-Time Buyers & Investors! Enjoy beautiful North Shore Mountain views from this bright and efficient 618 sq. ft. one-bedroom condo. The thoughtfully designed open floor plan makes excellent use of every square foot, with large windows filling the home with natural light and showcasing the stunning mountain outlook. Features include laminate flooring, in-suite laundry, and a private 9'4" x 4'6" balcony, perfect for taking in the views. Enjoy low strata fees, one secured parking stall, and a storage locker. Ideally located just minutes from Royal Oak SkyTrain, transit, Metrotown Shopping Centre, Bonsor Recreation Complex, T&T Supermarket, Crystal Mall, cafes, restaurants, and more. To note: some photos are virtually staged.

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	MOUNTAINS
Roof	Torch-On
Structures	Multi Family, Residential Attached

Building Details

Price	$469,000
Total Bedrooms	1
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	618
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	$312.6
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Trash, Maintenance Grounds, Hot Water, Management
Utility Type	Electricity Connected
Utility Sewer	Public Sewer
Water (WaterSource)	Public
Parking Type	Underground, 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
Rental Suites	None
Units In Development	55

Lot & Land

MLS^® #	R3110283
Area	Burnaby South
Neighbourhood	Metrotown
City	Burnaby
Postal Code	V5H 0B9
Gross Taxes	$1,622.95
Zoning	CD-C9A

Property Timeline

Status	Date	Price
R3110283 / Active	04-13-2026	$469,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	12'8 x 12'8 ft
Main Level	Dining Room	12'8 x 12'8 ft
Main Level	Kitchen	6'10 x 6'10 ft
Main Level	Primary Bedroom	10' x 10' ft
Main Level	Laundry	2'9 x 2'9 ft
Main Level	Foyer	6'7 x 6'7 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4

Listed by: RE/MAX Crest Realty & RE/MAX Crest Realty

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

Private Schools

Elementary
St. Francis de Sales: Above Average 1.52 km 8.7/10
Secondary
St. Thomas More Collegiate: Above Average 3.66 km 8.3/10

Closest Transit

Bus Stop
Westbound Kingsway @ Denbigh Ave: 0.17 km
Skytrain
Skytrain @ Royal Oak Stn: 0.32 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

61 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $526,687

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.32 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

146 DOM

Slower than area

Metrotown avg

44 DOM

Average

Burnaby avg

44 DOM

Faster market

311 5388 Grimmer Street has a sell-speed score of 61/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 12.3% 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 16.2% 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 may take several weeks to attract serious offers.

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 (BC ENV 2024). Nearest station: Burnaby South, Burnaby (~0.8 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 (110 nearby)

Nailosho · 76 m · Beauty Shop
Nimo beauty salon · 77 m · Beauty Shop
Lj's hair studio · 83 m · Hairdresser

Restaurants (78 nearby)

Something sweet · 189 m · Restaurant
White spot · 200 m · Restaurant
Jin jiang shanghai restaurant · 201 m · Restaurant

Cafes (24 nearby)

Bengong's tea · 76 m · Cafe
Duoduo fruit shop · 76 m · Cafe
Sweethoney dessert · 76 m · Cafe

Groceries (16 nearby)

Boemma euro foods & deli · 265 m · Supermarket
Maggie's convenience store · 279 m · Convenience
Hannam supermarket · 306 m · Supermarket

Healthcare (9 nearby)

Imperial remedy's rx pharmacy · 133 m · Healthcare
London drugs · 578 m · Healthcare
Bonsor pharmacy & medical supplies · 638 m · Healthcare

Transit (2 nearby)

Skytrain @ royal oak stn station · 323 m · Transit
Bus stop northbound nelson ave @ dover st · 988 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 716 m
Burnaby Youth Hub Secondary Program	Public	Grades Served —	Catchment Info —	2.7 / 10	Distance 717 m
Windsor Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 903 m
Nelson Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 1.01 KM
Clinton Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 1.28 KM
BC Provincial School For The Deaf Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 1.41 KM
South Slope Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 1.45 KM
Brantford Elementary School	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 1.46 KM
St. Francis de Sales	Independent	Grades Served K-7	Catchment Info —	8.7 / 10	Distance 1.52 KM
Chaffey-Burke Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 1.84 KM
Glenwood Elementary School	Public	Grades Served K-7	Catchment Info —	5.4 / 10	Distance 1.93 KM
Morley Elementary School	Public	Grades Served K-7	Catchment Info —	4.4 / 10	Distance 2.14 KM
Gilpin Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.32 KM
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 2.43 KM
Burnaby Central Secondary	Public	Grades Served —	Catchment Info —	6.6 / 10	Distance 2.44 KM
Buckingham Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 2.58 KM
Taylor Park Elementary School	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 2.61 KM
Moscrop Secondary School	Public	Grades Served 8-12	Catchment Info —	7.4 / 10	Distance 2.62 KM
École Inman Elementary	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 2.79 KM
Douglas Road Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 2.93 KM
Champlain Heights Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 2.95 KM

Pre-computed routes from 311 5388 Grimmer St, Burnaby, BC

311 5388 Grimmer St, Burnaby, BC Royal Oak 0.3 km

27 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Royal Oak → Waterfront
27 min
Metrotown, Burnaby via Royal Oak → Metrotown
9 min
SFU Burnaby via Royal Oak → Production Way
25 min
Richmond Centre via Royal Oak → Brighouse
52 min
YVR Airport via Royal Oak → YVR-Airport
53 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

311 5388 Grimmer St, Burnaby, BC is ideally located for commuters. The property is 0.3 km from Royal Oak, with a 27 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Kingsway @ Denbigh Ave (0.17 km). Walk Score Transit rating: Excellent Transit (81/100).

Walkability & Transit Near 311 5388 Grimmer Street

Car-Dependent 89

Walk Score - Very Walkable

Most errands can be accomplished on foot

Some Transit 81

Transit Score - Excellent Transit

Transit is convenient for most trips

Somewhat
Bikeable 79

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 311 5388 Grimmer Street

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $135

Maintenance fee 312.6

Based on a 30-year fixed at 4% interest with 20% down ($93,800), the estimated monthly payment for this listing is $2,239/month — $1,791 principal & interest, $135 property tax, $313 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: Aug 7, 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

At an estimated rental income of $1,799/month, this property runs a $493/month shortfall after mortgage and carrying costs. Break-even requires approximately 43% down.

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

Estateblock Rent Estimate for 311 5388 Grimmer Street, Burnaby

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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.