1804 5885 Olive Ave, Burnaby, BC, MLS® R3073981

$899,000
Est. Mortgage /mo

$899,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
2 Beds
2 Baths
1 Stories
$ 511.89 Maint. Fee
1208 sqft
1991 built
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Map
Street view
Schools
Crime
Commute
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1804 5885 Olive Ave, Burnaby, BC | MLS® R3073981 Property Details

Welcome to The Metropolitan in Metrotown! One of Burnaby’s best-managed buildings. This 2 BR, 2 bath offers you size, views, complete brand new renovations (over $150k), great amenities, and an absolute perfect location. Corner unit, 9 ft ceilings with 1,208 Sqft. of living space and renovations beyond market standards. Pictures speak a thousand words. Amenities; gym, recreation room, indoor pool, hot tub, and sauna. Building; Roof replaced in 2023. new elevators in 2022., repiped in 2012. Location; sitting just outside of the hectic area of Metrotown, short walk to Patterson Skytrain Station, Metrotown Mall, Central Park, all levels of schools, coffee shops, restaurants & superstores.

General Info

Price $899,000
Total Bedrooms 2
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1208
Lot Size -
Lot Size Depth Feet
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1991
Age Of Building 34
Building Type Apartment/Condo
Property Type Residential
Stories 1
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Amenities Exercise Centre, Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS® # R3073981
Area Burnaby South
Neighbourhood Metrotown
City Burnaby
Gross Taxes $2,325.06
Ownership Type Freehold Strata
Maintenance Fee $511.89
Community Features Shopping Nearby
Amenities Nearby Exercise Centre, Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management

Heating & Cooling

Fireplace 1
Heating Type Baseboard, Electric

Utilities

Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Garage Under Building
Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Restrictions -
Zoning RM5
Rental Suites None
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Tile
Foundation Concrete Perimeter
Interior Features Elevator
Locker 1
View 1
View Description CITY
Units In Development 132
Exterior Features Garden, Balcony
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Other

Property History

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Status Date Price
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Listed by: Royal LePage West Real Estate Services

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.

Neighborhood Info

Public Schools

Secondary
Burnaby South Secondary School
2.54 km
Elementary
Chaffey-Burke Elementary School
Above Average
0.46 km
7.2/10
Secondary
Moscrop Secondary School
1.36 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St.Mary's School
1.79 km
9.4/10
Excellent
Elementary, Secondary
Deer Lake School
2.27 km

Closest Transit

Bus Stop
Westbound Kingsway @ Barker Ave
0.06 km
Skytrain
Skytrain @ Patterson Stn
0.26 km

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

Imagine yourself walking through the charming streets of Burnaby, with the majestic Mountains of British Columbia as your backdrop. Today, I'm excited to show you this beautiful home, situated at 1804 5885 Olive Avenue, Burnaby, BC, with MLS number R3073981. As your trusted realtor, I'll guide you through the community, highlighting its unique features, and making you feel right at home.

First, let's talk about schools. This property is serviced by Chaffey-Burke Elementary School, rated 7.2/10, and located just 0.46 km away. Chaffey-Burke Elementary School is a popular choice among families due to its excellent reputation and proximity to the community. As a matter of fact, families love this area because of its strong school system, which provides a solid foundation for their children's education.

In addition to Chaffey-Burke Elementary, your child can also attend Burnaby South Secondary School, located 2.54 km from this home. While Burnaby South Secondary School does not have a rating, it is a well-respected institution that offers a range of academic and extracurricular programs.

For families who prefer independent schools, St. Mary's School is the closest elementary option, with a stellar rating of 9.4/10 and located just 1.79 km from this home. Deer Lake School, on the other hand, is the nearest secondary independent school, with a rating of No Rating, located 2.27 km from this home.

Now, let's talk about the safety of this community. According to the latest statistics from Statistics Canada (2020), this neighbourhood has a Below Average crime rate, with 15,851 incidents reported. The overall crime rate in this area is 6,145.56, which is significantly lower than the national average. This means that you can enjoy peace of mind while living in this community.

Breaking down the crime statistics further, we see that drug crime rates are Below Average, with a rating of 126.78. Property crimes, on the other hand, are Average, with a rating of 3,691.76. Violent crimes are Low, with a rate of 893.28, making this area an attractive choice for families and individuals seeking a safe and secure living environment.

Now, let's talk about lifestyle amenities. This community offers a range of amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. You'll find plenty of opportunities to stay active, socialize, and enjoy the great outdoors.

When it comes to transportation, this area is well-connected to the city. The closest bus station is Westbound Kingsway @ Barker Ave, located just 0.06 km away from this property. With a range of public transit options available, you can easily commute to work, school, or other destinations.

Demographically, this community is diverse and vibrant. According to the latest data, 41.1% of residents have a university certificate or degree, which is High compared to other BC neighbourhoods. 8.3% of the population has no certificate or degree, which is Low compared to the average in BC.

When it comes to income, the median household income in this area is $47,531, which is Low compared to the British Columbia average. The median personal income is $23,644, also Low compared to the BC average. The percentage of households with a mortgage is 38.9%, which is Low.

Unemployment rates in this area are Average, at 8.7%, compared to other province neighbourhoods. Population growth between 2011 and 2016 was 0.5%, which is Average in comparison to the average growth rate of this region.

In terms of population density, this area has a High population density of 13,933.5 people per square kilometre. The average size of families in this area is 2.6, which is Low compared to the whole region. The percentage of families with children is 56.1%, which is Average. The percentage of married or living common law is 53.2%, which is Below Average.

The average age of the population in this area is 40.9, which is Average in comparison to other BC cities. The average value of dwellings in this area is $523,380, which is Above Average compared to other areas in British Columbia.

In terms of cost of living, owner payments are Below Average in this area, with an average of $1,037 spent on dwellings. Tenants, on the other hand, pay an average of $1,255, which is Above Average compared to other cities.

Finally, 66.4% of the population in this area are renters, which is High compared to other BC cities and areas. The percentage of English and

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $899,000
Burnaby $760,160
Metrotown $796,683
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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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