1106 5885 OLIVE AVENUE
Burnaby, BC V5H4N8
$730,000
Amenities
Also listed: Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $609/mo
- Annual property tax
- $2,322.08 (2025)
Interior
- Heating
- Baseboard heaters, Electric
- Fireplace
- None
- Appliances
- All
Exterior & Lot
- View
- View
- Pool
- Indoor pool
Building
- Parcel ID (PID)
- 016-591-551
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Underground
Restrictions & Policies
- Pets
- Allowed with restrictions
- Rentals
- Allowed with restrictions
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Listing Information
- MLS®
- R3145452
- Listed
- July 13, 2026
- Time on market
- On the market for 49 days
- Tax assessment year
- 2025
- Data last synced
- August 31, 2026
Listing provided by: TRG The Residential Group Realty · Data source: CREA DDF.
Description
This spacious 2 bed, 2 bath corner suite features city, mountain and park views, full height windows, and a great layout. Huge principle bedroom with ensuite bathroom and walk through closets opens onto the large West facing patio. Big living and dining rooms feature engineered hardwood floors. Large kitchen has plenty of cabinet and counter space, granite countertops and stainless steel appliances. Well managed building has upgraded elevators, pipes and roof. Amenities include large fitness room, indoor pool, hot-tub and sauna. Open House, Sun Aug 30 - 2 - 4pm (id:63159)
Values & Trends
This listing
$620/sqft
Building average
$639/sqft
5 active listing(s)
Burnaby average
$865/sqft
1019 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Apartment Market Stats — Burnaby
Monthly figures from the Fraser Valley Real Estate Board for Burnaby apartmentlistings — not specific to this property.
MLS® HPI Benchmark Price
$704,600
Jul 2026
Average Sale Price
$660,187
Jul 2026
Monthly Sales
170
Jul 2026
Active Listings
1,097
Jul 2026
Sales-to-Active Ratio
16.0%
Jul 2026
Median Days to Contract
30 days
Jul 2026
MLS® HPI Benchmark Price
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
Nearest station: Vancouver
15°C
Clear
Humidity 100%
Wind NW 5 km/h
Tonight
14°
Tuesday
20°
Tuesday night
15°
Wednesday
19°
Wednesday night
14°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
249,125
(2021 Census)
+7% since 2016
Density: 2,750.6/km²
Dwellings: 107,046
Median household income: $83,000
After-tax: $73,500
Immigrant population: 50.4%
Top countries of origin (% of total population)
- China12.4% · 30,860
- Philippines4.5% · 11,235
- Hong Kong4.4% · 11,010
- Taiwan3.1% · 7,750
- India3% · 7,540
- Korea, South2.6% · 6,380
- Viet Nam1.4% · 3,380
- Iran1.3% · 3,210
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
78
8/9 categories nearby
Transit
33
5 stop(s) within 800m
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Chaffey-Burke Elementary | Elementary | 485 m |
| École Inman Elementary | Elementary | 957 m |
| Maywood Community Elementary | Elementary | 1.3 km |
| École Marlborough Elementary | Elementary | 1.4 km |
| Moscrop Secondary | Secondary | 1.4 km |
| Dr H N Maccorkindale Elementary | Elementary | 1.4 km |
| Burnaby Youth Hub Secondary Program | Elementary | 1.5 km |
| Graham Bruce Community Elementary | Elementary | 1.6 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
| Stop | Type | Distance |
|---|---|---|
| Westbound Kingsway @ Barker Ave | — | 57 m |
| Eastbound Kingsway @ Olive Ave | — | 77 m |
| Eastbound Kingsway @ Patterson Ave | — | 147 m |
| Northbound Patterson Ave @ Kingsway | — | 148 m |
| Southbound Patterson Ave @ Kingsway | — | 166 m |
Nearby Places
Restaurants (5+)
- Big Way Hotpot · 4250 Kingsway101 m
- Pizza Hut · 4287 Kingsway110 m
- Pho 24 Express · 4250 Kingsway115 m
- Bubble World · 4300 Kingsway129 m
- Tairyou ichiba · 4300 Kingsway136 m
Cafes (5+)
- Waves Coffee House · 4250 Kingsway63 m
- Macu Tea · 4429 Kingsway342 m
- Starbucks437 m
- Chicha San Chen · 4501 Kingsway487 m
- Matcha Tea Lab · 4500 Kingsway503 m
Grocery (2)
- Save-On-Foods · 4469 Kingsway435 m
- PriceSmart Foods · 4650 Kingsway696 m
Parks (5+)
- Unnamed · 5848 Olive Avenue102 m
- Old Orchard Park377 m
- George McLean Park475 m
- Burnaby Civic Square546 m
- Kinnee Park572 m
Shopping (1)
- Unnamed · 4500 Kingsway509 m
Gyms (5+)
- She's Fit85 m
- Lin Spa · 4500 Kingsway471 m
- GoodLife Fitness · 4501 Kingsway496 m
- Crystal Point500 m
- Vivian Beauty Spa · 4500 Kingsway567 m
Pharmacies (5+)
- The Medicine Shoppe · 4277 Kingsway76 m
- Shoppers Drug Mart · 4429 Kingsway407 m
- Enhance RX · 3965 Kingsway468 m
- Central Park Pharmacy · 3963 Kingsway474 m
- Crystal Pharmacy · 4500 Kingsway559 m
Banks & ATMs (5+)
- Scotiabank · 4299 Kingsway196 m
- Scotiabank198 m
- RBC · 4370 Kingsway302 m
- Unnamed513 m
- CTBC Bank · 4501 Kingsway547 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
Other Listings in This Building
Other units currently listed in the same building. 1106 5885 OLIVE AVENUE
$720,000
805 5885 OLIVE AVENUE, Burnaby
$558/mo maintenance
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905 5885 OLIVE AVENUE, Burnaby
$469/mo maintenance
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501 5885 OLIVE AVENUE, Burnaby
$534/mo maintenance
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1206 5885 OLIVE AVENUE, Burnaby
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1706 5885 OLIVE AVENUE, Burnaby
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Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.