2301 5885 OLIVE AVENUE
Burnaby, BC V5H4N8
$1,188,000
Amenities
Also listed: Recreation Centre, Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $522/mo
- Annual property tax
- $1,728.68 (2026)
Interior
- Heating
- Forced air, Electric
- Cooling / A/C
- Air Conditioned
- Fireplace
- None
- Appliances
- Refrigerator, Dishwasher, Stove, Washer & Dryer
Exterior & Lot
- Pool
- Indoor pool
- Lot features
- Central location, Elevator, Wheelchair access
Building
- Security
- Smoke Detectors, Sprinkler System-Fire
- Parcel ID (PID)
- 016-592-247
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Underground, Visitor Parking
Restrictions & Policies
- Pets
- 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®
- R3161057
- Listed
- September 2, 2026
- Time on market
- On the market for 10 days
- Tax assessment year
- 2026
- Data last synced
- September 13, 2026
Listing provided by: ComFree · Data source: CREA DDF.
Description
Welcome to this spacious 1,190 sq. ft. corner residence in the heart of Metrotown, featuring 2 bedrooms and 2 full bathrooms with panoramic views of the North Shore Mountains, Downtown Vancouver and Richmond. The well-maintained building offers an indoor pool, recreation centre, sauna/steam room and billiards room. Recent building upgrades include a newer roof, redone piping, an upgraded pool, two new elevators, fob-operated automatic entry doors and ongoing window replacement. The home includes 1 parking stall and 1 storage locker. Conveniently located near Central Park, Metrotown shopping, restaurants, transit and SkyTrain, with easy access to everyday amenities, walking trails and major routes throughout Burnaby and Vancouver. (id:63159)
Values & Trends
This listing
$998/sqft
Building average
$618/sqft
5 active listing(s)
Burnaby average
$861/sqft
1060 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: Pitt Meadows
14°C
—
Humidity 80%
Wind NE 3 km/h
Today
20°
Tonight
13°
Monday
17°
Monday night
13°
Tuesday
22°
Tuesday night
12°
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.
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
Healthcare (5+)
- Veridian Wellness Clinics · 4211 Kingsway97 m
- Old Orchard · 4429 Kingsway354 m
- Central Park Medical Clinic · 3065 Kingsway463 m
- White Oak Pain Clinic · 3965 Kingsway470 m
- Vancouver Top Surgery · 3965 Kingsway476 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
Other Listings in This Building
Other units currently listed in the same building. 2301 5885 OLIVE AVENUE
$748,000
1206 5885 OLIVE AVENUE, Burnaby
$609/mo maintenance
$683,000
501 5885 OLIVE AVENUE, Burnaby
$534/mo maintenance
$738,000
1706 5885 OLIVE AVENUE, Burnaby
$609/mo maintenance
$720,000
805 5885 OLIVE AVENUE, Burnaby
$558/mo maintenance
$699,000
1106 5885 OLIVE AVENUE, Burnaby
$609/mo maintenance
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 7.9% ($93,800) — 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.