Home Burnaby, BC Metrotown The Sonnet 803 5848 Olive Avenue

803 5848 Olive Ave, Burnaby, BC – Condo, Sold

803 5848 Olive Avenue, Burnaby, British Columbia V5H 4V6

Verified Account Required $●●●,●●●

Listing updated: Jul 8, 2026 at 01:23am

EstateBlock checked: Oct 24, 2026 at 05:45am

2 Beds

2 Baths

935 sqft

747 $ /sqft

474.75 $ Maint. fee

1999 built

Closed

Photo

About the building: The Sonnet

5848 Olive Avenue, Metrotown, Burnaby

The Sonnet building details

Building

Built: 1999
Homes: 66
Construction: Concrete
Title: Freehold Strata
Strata plan: LMS3856
Managed by: Ascent Management
Parking: Visitor Parking, Garage: Underground
Lockers: Limited
Strata fee covers: Recreation FacilityManagementHot WaterGardeningGarbage PickupCaretaker

Bylaws on record

Pets: Restricted; Cats and dogs OK, max 2
Rentals: Allowed

Market at The Sonnet

For sale: 1
Median ask: $758K
Median $/sqft: $641
Days on market: 59
Sold, past year: 2

This home

$747/sqft, 16.5% above the building median of $641.

Homes for sale at The Sonnet, Burnaby Recent sold listings in The Sonnet, Burnaby

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

VERIFIED ACCOUNT REQUIRED

Sold price & sold date

Original list price & price changes

Full photo gallery - 40 photos

Days on market & listing history

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

43 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $569,010

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

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

119 DOM

Slower than area

Metrotown avg

50 DOM

Average

Burnaby avg

50 DOM

Faster market

803 5848 Olive Avenue has a sell-speed score of 43/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 18.5% 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 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. 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 (172 nearby)

Hair city · 30 m · Hairdresser
Shi nail blue · 36 m · Beauty Shop
The medicine shoppe · 70 m · Pharmacy

Restaurants (109 nearby)

Big way hotpot · 43 m · Restaurant
Pho 24 express · 57 m · Restaurant
Pizza hut · 62 m · Restaurant

Cafes (31 nearby)

Waves coffee house · 8 m · Cafe
Macu tea · 285 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 · 70 m · Healthcare
Shoppers drug mart · 349 m · Healthcare
Crystal pharmacy · 505 m · Healthcare

Transit (3 nearby)

Skytrain @ patterson stn station · 289 m · Transit
Skytrain @ metrotown stn station · 786 m · Transit
Bus stop metrotown station @ bay 3 · 809 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 422 m
École Inman Elementary	Public	Grades Served K-7	Catchment Info —	6.8 / 10	Distance 943 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 1.69 KM
Collingwood Neighbourhood School	Public	Grades Served K-3	Catchment Info —	N/A	Distance 1.71 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 1.75 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 1.91 KM
Nelson Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.11 KM
Sir Wilfred Grenfell Community	Public	Grades Served —	Catchment Info —	6.0 / 10	Distance 2.20 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 2.28 KM
Captain James Cook Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.35 KM
Champlain Heights Annex	Public	Grades Served K-3	Catchment Info —	N/A	Distance 2.46 KM
Burnaby South Secondary	Public	Grades Served —	Catchment Info —	5.2 / 10	Distance 2.48 KM
Whytecliff Agile Learning Centre-Burnaby	Independent	Grades Served —	Catchment Info —	10.0 / 10	Distance 2.64 KM
Killarney Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 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 2.74 KM
Windsor Elementary School	Public	Grades Served K-7	Catchment Info —	5.5 / 10	Distance 2.79 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 803 5848 Olive Ave, Burnaby, BC

803 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

803 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 803 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 803 5848 Olive Avenue

/month

Principal & Interest

Property Taxes $170

Maintenance fee 474.75

A 20% down payment of $139,600 on this $698,000 listing yields an estimated mortgage of $2,666/month (30-year fixed, 4%). Total estimated housing cost: $3,311/month, $170 property tax, $475 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.

Investment Cashflow Calculator

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

With $2,478/month in estimated rental income against $3,368/month in mortgage payments, the monthly cashflow is -$890/month. A 47% down payment would reach break-even.

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

Estateblock Rent Estimate for 803 5848 Olive Avenue, Burnaby

Buy Vs Rent Calculator

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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.