Home Burnaby, BC Metrotown The Sonnet 605 5848 Olive Avenue

605 5848 Olive Ave, Burnaby BC - Apartment/Condo for Sale - MLS# R3159103

1 day on the market

$849,000

Est. Mortgage $3,756/mo

Listing updated: Aug 26, 2026 at 03:01pm

EstateBlock checked: Aug 26, 2026 at 10:20pm

The Sonnet

2 Beds

2 Baths

1182 sqft

718 $ /sqft

598.06 $ Maint. fee

1999 built

NEW

1 day on the market

$849,000

Est. $3,756/mo with 20% down

Listing updated: Aug 26, 2026 at 03:01pm

EstateBlock checked: Aug 26, 2026 at 10:20pm

Photos

Exterior Front Photo of 605 5848 Olive Avenue, Burnaby, BC

Exterior Rear Photo of 605 5848 Olive Avenue, Burnaby, BC

Living Room Photo of 605 5848 Olive Avenue, Burnaby, BC

Family Room Photo of 605 5848 Olive Avenue, Burnaby, BC

Dining Area Photo of 605 5848 Olive Avenue, Burnaby, BC

Kitchen Photo of 605 5848 Olive Avenue, Burnaby, BC

Kitchen Island Photo of 605 5848 Olive Avenue, Burnaby, BC

Pantry Photo of 605 5848 Olive Avenue, Burnaby, BC

Breakfast Nook Photo of 605 5848 Olive Avenue, Burnaby, BC

Primary Bedroom Photo of 605 5848 Olive Avenue, Burnaby, BC

UNBEATABLE LOCATION! Come see this updated 2-bedroom + den corner unit condo with a covered balcony near both Central Park and Metrotown! Steps to Patterson Station, restaurants, and shopping (Crystal Mall, Station Square & Metropolis at Metrotown). Enjoy walking, and the variety of activities at Central Park. Updates include flooring & tiles, carpet, countertops & backsplash, safety bars in primary bathroom bath, and some appliances. The building features an amenity room with gym equipment and a rooftop garden area. 1 WoofWoof (max 15-lbs) or 2 MeowMeows allowed. 2 parking stalls & a storage locker are included! Don't miss out! *** OPEN HOUSES: SATURDAY, AUG. 29, 1-3PM & SUNDAY, AUG. 30, 2-4PM ***

Interior Features

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

Exterior Features

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

Building Details

Price	$849,000
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	1182
Year Built	1999
Age Of Building	27
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Exercise Centre, Recreation Facilities, Trash, Maintenance Grounds, Hot Water, Management, RV Parking, Snow Removal
Building Name	The Sonnet
Ownership Type	Freehold Strata
Maintenance Fee	$598.06
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Exercise Centre, Recreation Facilities, Trash, Maintenance Grounds, Hot Water, Management, RV Parking, Snow Removal
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Underground, Lane Access, Concrete
Total Parking Spaces	2
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions	Cats OK, Dogs OK, Yes With Restrictions
Rental Restrictions	100

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3159103
Area	Burnaby South
Neighbourhood	Metrotown
City	Burnaby
Postal Code	V5H 4V6
Gross Taxes	$2,540.05
Zoning	CD

Property Timeline

Status	Date	Price
R3159103 / Active	08-26-2026	$849,000

Rooms

Floor	Type	Dimensions
Main Level	Foyer	5'6 x 5'6 ft
Main Level	Dining Room	10'10 x 10'10 ft
Main Level	Living Room	11'10 x 11'10 ft
Main Level	Kitchen	9'7 x 9'7 ft
Main Level	Eating Area	8'7 x 8'7 ft
Main Level	Den	8'1 x 8'1 ft
Main Level	Primary Bedroom	10'11 x 10'11 ft
Main Level	Bedroom	9'1 x 9'1 ft

Bathrooms

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

Listed by: Grand Central 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

Public Schools

Elementary
Chaffey-Burke Elementary School: Above Average 0.42 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 2.92 km 9.1/10
Secondary
Whytecliff Agile Learning Centre-Burnaby: Above Average 2.64 km 10/10

Closest Transit

Bus Stop
Eastbound Kingsway @ Olive Ave: 0.03 km
Skytrain
Skytrain @ Patterson Stn: 0.29 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

44 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $706,368

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.29 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

1 DOM

Very fast

Metrotown avg

44 DOM

Average

Burnaby avg

44 DOM

Slower market

605 5848 Olive Avenue has a sell-speed score of 44/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 16.8% 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 4V6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5H 4V6, 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 (~2.5 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.

Nearby Restaurants, Cafes & Shops

Shopping (176 nearby)

Hair city · 30 m · Hairdresser
Shi nail blue · 35 m · Beauty Shop
The medicine shoppe · 75 m · Pharmacy

Restaurants (109 nearby)

Big way hotpot · 42 m · Restaurant
Pho 24 express · 56 m · Restaurant
Pizza hut · 64 m · Restaurant

Cafes (31 nearby)

Waves coffee house · 11 m · Cafe
Macu tea · 284 m · Cafe
Starbucks · 379 m · Cafe

Groceries (16 nearby)

Amigos mios mexican & latino grocery store · 293 m · Convenience
Bc liquor store · 314 m · Beverages
Save-on-foods · 377 m · Supermarket

Healthcare (9 nearby)

The medicine shoppe · 75 m · Healthcare
Shoppers drug mart · 349 m · Healthcare
Crystal pharmacy · 502 m · Healthcare

Transit (3 nearby)

Skytrain @ patterson stn station · 286 m · Transit
Skytrain @ metrotown stn station · 782 m · Transit
Bus stop metrotown station @ bay 3 · 805 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 425 m
École Inman Elementary	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 947 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 1.44 KM
Dr. H. N. MacCorkindale Elementary School	Public	Grades Served K-7	Catchment Info —	6.4 / 10	Distance 1.56 KM
Graham Bruce Community Elementary School	Public	Grades Served K-7	Catchment Info —	6.1 / 10	Distance 1.70 KM
Collingwood Neighbourhood School	Public	Grades Served K-3	Catchment Info —	0	Distance 1.72 KM
BC Provincial School For The Deaf Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 1.74 KM
South Slope Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 1.74 KM
Champlain Heights Community Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 1.76 KM
Cascade Heights Elementary	Public	Grades Served K-7	Catchment Info —	6.7 / 10	Distance 1.81 KM
Suncrest Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 1.90 KM
Nelson Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.10 KM
Sir Wilfred Grenfell Community	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 2.21 KM
Sir Wilfred Grenfell Community School	Public	Grades Served K-7	Catchment Info —	6.0 / 10	Distance 2.21 KM
Gilpin Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.29 KM
Captain James Cook Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.34 KM
Champlain Heights Annex	Public	Grades Served K-3	Catchment Info —	0	Distance 2.46 KM
Burnaby South Secondary	Public	Grades Served —	Catchment Info —	5.2 / 10	Distance 2.47 KM
Killarney Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 2.64 KM
Whytecliff Agile Learning Centre-Burnaby	Independent	Grades Served —	Catchment Info —	10.0 / 10	Distance 2.64 KM
Windermere Community Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 2.70 KM
Renfrew Community Elementary School	Public	Grades Served K-7	Catchment Info —	6.6 / 10	Distance 2.75 KM
Windsor Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 2.78 KM
Burnaby Central Secondary	Public	Grades Served —	Catchment Info —	6.6 / 10	Distance 2.79 KM
Douglas Road Elementary	Public	Grades Served —	Catchment Info —	6.2 / 10	Distance 2.80 KM
Vancouver Christian School	Independent	Grades Served K-6	Catchment Info —	9.1 / 10	Distance 2.92 KM
Vancouver Christian	Independent	Grades Served —	Catchment Info —	9.1 / 10	Distance 2.92 KM
Anne-Hebert	Public	Grades Served —	Catchment Info —	7.6 / 10	Distance 2.97 KM

Pre-computed routes from 605 5848 Olive Ave, Burnaby, BC

605 5848 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
8 min
Richmond Centre via No. 3 Rd
14 min
YVR Airport via Bridgeport / Sea Island
16 min

Calculate your commute

605 5848 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 Eastbound Kingsway @ Olive Ave (0.03 km). Walk Score Transit rating: Excellent Transit (87/100).

Walkability & Transit Near 605 5848 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 605 5848 Olive Avenue

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $212

Maintenance fee 598.06

With a 20% down payment, buyers can expect an estimated $4,053/month in total housing costs on this $849,000 property — $3,243 mortgage payment, $212 property tax, $598 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 26, 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 $2,932/month estimated rent and $4,106/month in total housing costs, this property has a -$1,174/month cashflow. Break-even down payment: approximately 49%.

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

Estateblock Rent Estimate for 605 5848 Olive Avenue, 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.