505 5848 Olive Ave, Burnaby, BC, MLS® R2862929

$838,000
Est. Mortgage /mo

Closed

$796,000
$799,000
Closed at 18 Jun 2024
Listing price: $838,000
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
3 Beds
2 Baths
1 Stories
$ 522.47 Maint. Fee
1144 sqft
1999 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

505 5848 Olive Ave, Burnaby, BC | MLS® R2862929 Property Details

Rarely available “05” unit at The Sonnet, corner unit, on the quite side( NOT facing Kingsway). 3 Bedrooms and two bathrooms. Southeast facing. Functional layout with big windows & a balcony for you to enjoy the view & natural light filled living space. Walking distance to Skytrain (Patterson Skytrain Station is only about a block away) Metrotown, Central Park, and Crystal Mall. This Unit is in MOVE-IN condition. A PLEASURE TO SHOW. Don't miss out on this great opportunity. Call now to book your private showing!!!

General Info

Price $838,000
Total Bedrooms 3
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1144
Lot Size -
Lot Size Depth Feet
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1999
Age Of Building 25
Building Type Apartment/Condo
Property Type Residential
Stories 1
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Amenities Maintenance Grounds, Hot Water, Management, Sewer
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS® # R2862929
Area Burnaby South
Neighbourhood Metrotown
City Burnaby
Gross Taxes $2,172
Ownership Type Freehold Strata
Maintenance Fee $522.47
Community Features Shopping Nearby
Amenities Nearby Maintenance Grounds, Hot Water, Management, Sewer

Heating & Cooling

Fireplace 1
Heating Type Baseboard, Electric

Utilities

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

Parking

Parking Type Underground, Rear Access
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 CD
Rental Suites None
# of Kitchens 1
Flooring Laminate, Tile
Foundation Concrete Perimeter
Interior Features Elevator, Storage
Locker 1
View -
View Description -
Units In Development -
Exterior Features Balcony
Sewer Public Sewer, Sanitary Sewer
Roof Other

Property History

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Status Date Price
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Listed by: LeHomes Realty Premier

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
2.48 km
Elementary
Chaffey-Burke Elementary School
Above Average
0.42 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
1.86 km
9.4/10
Excellent
Elementary, Secondary
Deer Lake School
2.22 km

Closest Transit

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

505 5848 Olive Avenue is serviced by Chaffey-Burke Elementary School. The property with listing MLS® R2862929 is located 0.42 km from the school. Chaffey-Burke Elementary School has a rating of Rating 7.2/10.

This home with address 505 5848 Olive Avenue, Burnaby, BC is also serviced by Burnaby South Secondary School and located 2.48 km from it. Burnaby South Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 505 5848 Olive Avenue is St.Mary's School with School's rating Rating 9.4/10, located 1.86 km from this home.

The closest to this address 505 5848 Olive Avenue Secondary independent school is Deer Lake School with School's rating No Rating, located 2.22 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 15,851 volation disturbances in this neighbourhood. The overall crime rate near the address - 505 5848 Olive Avenue, Burnaby, BC is 6,145.56. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Below Average rate in 2020. Year by year change in the total crime rate is -11.13%

Drug crime rate next to the listing MLS® R2862929 is Below Average comparing to other neighbourhoods. The illegal substances offences rating is 126.78. There were 327 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is 2.35%

Property crimes in the neighbourhood close to real estate listing for sale 505 5848 Olive Avenue are Average. Property misconduct rating adjacent to MLS® R2862929 is 3,691.76. There were 9,522 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -17.54%

There were 2,304 violent lawbreaking disorders in 2020. 893.28 and it is Low rate comparing to other BC municipalities. Year by year change in the violent crime rate is -5.51%

The closest Bus station is Eastbound Kingsway @ Olive Ave in 0.03 km away from this listing with - MLS® R2862929.

41.1% of people with university certificate/degree live in this neighbourhood adjacent to the 505 5848 Olive Avenue which is High in comparison with other BC neighbourhoods. 8.3% of population in this neighbourhood that is near the Listing MLS® R2862929 have no certificate or degree. This number is Low compared to the average in BC.

Median Household Income near this dwelling with the address 505 5848 Olive Avenue, Burnaby, BC is $47531 which is Low in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2862929 is $23644 which is Low in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 38.9% which is Low.

Unemployment rate in the area around Real Estate Listing # R2862929 is 8.7 which is Average in comparison to the other province neighbourhoods.

This real estate is located in 505 5848 Olive Avenue Metrotown where population change between 2011 and 2016 was 0.5%. This is Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 505 5848 Olive Avenue, Burnaby, BC is 13933.5 which is High people per sq.km.

Average size of families in the area adjacent to home for sale 505 5848 Olive Avenue is 2.6. This is Low number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2862929 is 56.1% and it is Average. % of Married or living common law is around 53.2% and it is Below Average.

Average age of the population close to the 505 5848 Olive Avenue is 40.9 . This percentage is Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 505 5848 Olive Avenue, Burnaby, BC is $523380 and this is Above Average comparing to other areas in British Columbia

Average Owner payments are Below Average in the area adjacent to 505 5848 Olive Avenue. $1037 owners spent in average for the dwelling. Tenants are paying $1255 in this district close to MLS® R2862929 and it is Above Average comparing to other cities.

66.4% of Population in this district near the 505 5848 Olive Avenue are Renters and it is High comparing to other BC cities and areas.

% of English and French speakers around real estate listing 505 5848 Olive Avenue, Burnaby, BC is 5.6%, it is Below Average, % of English speakers only is 86.3% and Below Average. % of Neither English nor French speakers close to home for sale 505 5848 Olive Avenue, Burnaby, BC is 8% and it is High comparing to other BC cities.

49.3% of all population in the area around this property with the address 505 5848 Olive Avenue, Burnaby, BC using Public Transport which is High, 39.3% of using population are using Cars around MLS® R2862929, which is Low. 0.5% of people using Bicycles around the 505 5848 Olive Avenue and it is Low. 9.1% of population are walking which is Above Average

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 522.47
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 $838,000
Burnaby $902,467
Metrotown $785,000
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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