By car (off-peak)
Sold
103 1365 W 4th Avenue, Vancouver, BC
1
Beds
1
Baths
727
sqft
1985
built
905 5885 Olive Ave, Burnaby BC V5H 4N8 – Condo for Sale – MLS® R3169735
48 days on the market
$760,000
Est. monthly cost $3,710/mo
Updated with MLS® -
2
Beds
2
Baths
1090
sqft
697
$
/sqft
469
$
Maint. fee
1991
built
Property Details for 905 5885 Olive Avenue
This Well maintained & Managed 2BR + 2Bath 1090 sqft SW corner facing with 9' ceiling is centrally located in the heart of Metrotown. It is bright and spacious layout, engineered hardwood floors, stainless steel appliances, Spacious living room with access to large covered balcony overlooking unobstructed view of Central Park and the city below. Some updates: paint, kitchen, lighting, balcony floor and appliances. 1 parking, storage locker and insuite laundry. Elevator modernization (2022) and roof deck replacement (2023). Piping was done 11 years ago. Short Walk to Patterson Skytrain Station, Central Park, Metrotown, shopping, restaurants, library and more. Building amenities include Caretaker, indoor pool, hot tub, sauna and gym.
Building Details
| Price | $760,000 |
|---|---|
| Total Bedrooms | 2 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 1090 |
| Year Built | 1991 |
| Age Of Building | 35 |
| Building Type | Apartment/Condo |
| Unit Style | Corner unit |
| Property Type | Residential |
| Stories | 1 |
| Building Amenities | Exercise Centre, Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management |
| Ownership Type | Freehold Strata |
| Maintenance Fee | $469 |
| Community Features | Shopping Nearby |
| Amenities Nearby | Exercise Centre, Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management |
| Utility Type | Electricity Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Garage Under Building, Front Access |
| Total Parking Spaces | 1 |
| Strata Restrictions | Pets Allowed w/Rest. |
| Pet Restrictions | Yes With Restrictions |
| Rental Suites | None |
| Units In Development | 132 |
Interior Features
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Interior Features | Elevator |
| Heating Type | Baseboard |
| Laundry | In Unit |
| # of Kitchens | 1 |
| Flooring | Laminate, Mixed, Tile |
| Foundation | Concrete Perimeter |
Exterior Features
| Exterior Features | Garden, Balcony |
|---|---|
| View Description | PARK & CITY |
| Roof | Metal |
| Structures | Multi Family, Residential Attached |
Lot & Land
| MLS® # | R3169735 |
|---|---|
| Area | Burnaby South |
| Neighbourhood | Metrotown |
| City | Burnaby |
| Postal Code | V5H 4N8 |
| Gross Taxes | $2,134.51 |
| Zoning | MF |
Property Timeline
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Kitchen | 9'2 x 9'2 ft |
| Main Level | Living Room | 14' x 14' ft |
| Main Level | Dining Room | 14'9 x 14'9 ft |
| Main Level | Primary Bedroom | 19'3 x 19'3 ft |
| Main Level | Bedroom | 15'1 x 15'1 ft |
| Main Level | Foyer | 5'4 x 5'4 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | Yes | #4 |
| Main Level | No | #3 |
Listed by: Royal Pacific Realty Corp.
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
- 103
- Sold, past year
- 4
This home
$697/sqft, 11.3% above the building median of $626.
From MLS® and public strata records. Verify against the current Form B and registered bylaws.
Map, sell speed & climate
SkyTrain 0.27 km · Moscrop Secondary School 7.4/10 · 1.35 km · crime below average · sell-speed score 53/100 (moderate pace) · flood lower risk · wildfire low
Map & Neighbourhood
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
Public Schools
- Elementary
- Chaffey-Burke Elementary School
- Above Average 0.45 km
- Secondary
- Moscrop Secondary School
- Above Average 1.35 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
53 / 100
Overall sell-speed score
Moderate pace expected
B
Price competition grade
Avg comparable: $748,667
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
905 5885 Olive Avenue has a sell-speed score of 53/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 1.5% 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 470 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 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.
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
|
Distance454 m
|
|
École Inman Elementary |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance901 m
|
|
Moscrop Secondary School |
Public |
Grades Served8-12
|
Catchment InfoIn Catchment
|
Distance1.35 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 905 5885 Olive Ave, Burnaby, BC
905 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
905 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 905 5885 Olive Avenue
Walker's Paradise
95
Walk Score - Walker's Paradise
Daily errands do not require a car
Excellent Transit
87
Transit Score - Excellent Transit
Transit is convenient for most trips
Very Bikeable
78
Bike Score - Very Bikeable
Biking is convenient for most trips
Costs & calculators
Monthly cost about $3,710/month · rent estimate $2,763/month · owning catches up with renting by year 8 · cash flow if rented −$1,133/month
Mortgage Calculator for 905 5885 Olive Avenue
$3,710
/month
Principal & Interest
$3,063
Property Taxes
$178
Maintenance fee
$469
The estimated monthly cost of 905 5885 Olive Avenue, Burnaby is $3,710: $3,063 principal and interest with 20% down over 30 years at 4.45%, plus $178 property tax and $469 strata fee.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Investment Cashflow Calculator
−$1,133
/month
Mortgage Payment
$3,063
Monthly Cash Flow
−$1,133
Break Even Down Payment
50%
Cap Rate
-1.8%
Cash on Cash
-8.9%
If 905 5885 Olive Avenue, Burnaby were rented at $2,763 a month with 5% vacancy, it would fall $1,133 a month short of the mortgage and carrying costs; about 50% 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 905 5885 Olive Avenue, Burnaby
$2,763
/ month
Principal: $985/mo
Interest, tax, insurance, fees: $2,725/mo
Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$825/mo (year 1) → ~$1,918/mo (year 20) → ~$2,860/mo (year 29).
Net cost to own at year 5
~$2,725/mo
About $38/mo less than renting
EstateBlock estimates 905 5885 Olive Avenue, Burnaby would rent for about $2,763 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: 905 5885 Olive Avenue
Rent vs own
Owning catches up by year 8
With 20% down ($152,000) at 4.45%: renting is cheaper at first, but principal paydown closes the gap
Principal paid off by year 5
$54,181
Principal paid off by year 10
$121,836
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.
Renting 905 5885 Olive Avenue, Burnaby is cheaper at first, but owning catches up by year 8, with $54,181 of principal paid off by year 5 and $121,836 by year 10.
Price vs Neighbourhood Average — Metrotown, Burnaby
This Home
$760,000
Burnaby
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Metrotown
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Based on 31 comparable active apartments/condos in Metrotown, the average asking price is $748,667. This listing is priced 1.5% above the neighbourhood average.
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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600-777 Hornby Street, Vancouver, BC V6Z 1S4. Call 778-918-5990.
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