221 5248 GRIMMER STREET
Burnaby, BC V5H2H2
$610,000
Amenities
Also listed: Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $391/mo
- Annual property tax
- $2,051.8 (2025)
Interior
- Heating
- Baseboard heaters
- Fireplace
- None
Parking
- Total spaces
- 2 — uncovered indicated
- Features
- Underground, Other
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®
- R3134526
- Listed
- June 10, 2026
- Time on market
- On the market for 82 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX City Realty · Data source: CREA DDF.
Description
Welcome to Metro One! Bright and spacious south-facing 2 bed, 2 bath home featuring a functional open-concept layout with 9' ceilings, laminate flooring, and abundant natural light. Thoughtfully designed with bedrooms on opposite sides for maximum privacy. The gourmet kitchen offers quartz countertops, tile backsplash, and stainless steel appliances. Enjoy a large balcony perfect for relaxing or entertaining. Built with contemporary West Coast-inspired architecture featuring aluminum, brick, Hardi panel, and wood accents. Well-managed proactive strata in an unbeatable location just steps to Royal Oak SkyTrain Station and minutes to Metrotown, parks, restaurants, and schools. BONUS: Includes 2 side-by-side parking stalls and 1 storage locker. (id:63159)
Values & Trends
This listing
$756/sqft
Building average
—
No other active listings in this building
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
17°C
Clear
Humidity 100%
Wind WNW 13 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
70
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 |
|---|---|---|
| Burnaby Youth Hub Secondary Program | Elementary | 659 m |
| École Marlborough Elementary | Elementary | 755 m |
| Burnaby South Secondary | Secondary | 805 m |
| Maywood Community Elementary | Elementary | 857 m |
| Nelson Elementary | Elementary | 1.0 km |
| Windsor Elementary | Elementary | 1.1 km |
| South Slope Elementary | Elementary | 1.4 km |
| Clinton Elementary | Elementary | 1.4 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 |
|---|---|---|
| Eastbound Kingsway @ Royal Oak Ave | — | 149 m |
| Westbound Kingsway @ Denbigh Ave | — | 188 m |
| Westbound Kingsway @ Royal Oak Ave | — | 246 m |
| Eastbound Kingsway @ Grimmer St | — | 279 m |
| Westbound Kingsway @ Macpherson Ave | — | 324 m |
Nearby Places
Restaurants (5+)
- Maruhachi Ramen · 5278 Kingsway118 m
- Boiling Point · 5276 Kingsway122 m
- Kamamarui Ramen & Sushi · 6514 Royal Oak Avenue124 m
- MeetRice Noodles · 5226 Kingsway137 m
- Indian Wok · 5122 Kingsway144 m
Cafes (5+)
- Café 106 · 6588 Royal Oak Avenue65 m
- BenGong's Tea · 5308 Grimmer Street70 m
- Duoduo Fruit Shop · 5318 Grimmer Street78 m
- Sweethoney Dessert · 5358 Grimmer Street90 m
- Teapressu · 5242 Kingsway132 m
Grocery (4)
- Boemma Euro Foods & Deli · 5172 Kingsway164 m
- Wholesale Club · 5335 Kingsway198 m
- Ribbon · 5593 Kingsway364 m
- Hannam Supermarket · 5609 Imperial Street397 m
Parks (4)
- BC Parkway267 m
- Lobley Park346 m
- Unnamed507 m
- Bonsor Park613 m
Shopping (1)
- Muji · 4700 Kingsway756 m
Gyms (2)
- Fitness World · 5500 Kingsway211 m
- Playground334 m
Pharmacies (4)
- Imperial Remedy's Rx Pharmacy · 5262 Imperial Street181 m
- London Drugs · 4970 Kingsway477 m
- Bonsor Pharmacy & Medical Supplies542 m
- Shoppers Drug Mart · 4827 Kingsway748 m
Banks & ATMs (5+)
- Vancity · 5064 Kingsway334 m
- RBC431 m
- TD · 4994 Kingsway449 m
- Coast Capital Savings · 4820 Kingsway711 m
- Coast Capital Savings723 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 5.9% ($36,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
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.