311 5388 GRIMMER STREET
Burnaby, BC V5H0B9
$469,000
Amenities
Also listed: Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $313/mo
- Annual property tax
- $1,622.95 (2026)
Interior
- Heating
- Baseboard heaters, Electric
- Fireplace
- None
Exterior & Lot
- View
- View
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Underground
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®
- R3110283
- Listed
- April 13, 2026
- Time on market
- On the market for 140 days
- Tax assessment year
- 2026
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.
Description
This affordable 618 square ft one-bedroom condo offers a functional, well-designed and no wasted space, open floor plan with large windows that fill the space with natural light and showcase beautiful North Shore Mountain Views. The home features laminate flooring, and the convenience of in-suite laundry. Step out onto your private balcony 9'4 x 4'6 and enjoy everything this home has to offer, including low strata fees, secured one parking stall, and a storage locker 3'11 x 6'2. Ideally located in a highly convenient neighbourhood, just minutes from Royal Oak SkyTrain, bus routes, Metrotown Shopping Centre, Bonsor Recreation Complex, T&T Supermarket, Crystal Mall, and various cafes and restaurants, this is an excellent opportunity for first-time buyers or investors. *Some photos are virtually staged* (id:63159)
Values & Trends
This listing
$759/sqft
Building average
$746/sqft
1 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
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
67
7/9 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 | 717 m |
| Burnaby South Secondary | Secondary | 717 m |
| École Marlborough Elementary | Elementary | 849 m |
| Maywood Community Elementary | Elementary | 928 m |
| Windsor Elementary | Elementary | 966 m |
| Nelson Elementary | Elementary | 1.0 km |
| Clinton Elementary | Elementary | 1.3 km |
| South Slope 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 |
|---|---|---|
| Westbound Kingsway @ Denbigh Ave | — | 173 m |
| Eastbound Kingsway @ Grimmer St | — | 216 m |
| Eastbound Kingsway @ Royal Oak Ave | — | 242 m |
| Westbound Kingsway @ Macpherson Ave | — | 260 m |
| Royal Oak Station @ Platform 1 | — | 315 m |
Nearby Places
Restaurants (5+)
- Something Sweet · 6888 Royal Oak Avenue189 m
- White Spot · 5550 Kingsway201 m
- Jin Jiang Shanghai Restaurant · 5411 Kingsway202 m
- Maruhachi Ramen · 5278 Kingsway202 m
- Boiling Point · 5276 Kingsway208 m
Cafes (5+)
- BenGong's Tea · 5308 Grimmer Street76 m
- Duoduo Fruit Shop · 5318 Grimmer Street76 m
- Sweethoney Dessert · 5358 Grimmer Street76 m
- Sugar Lab · 5376 Grimmer Street97 m
- Sweet Puffin · 5252 Imperial Street158 m
Grocery (4)
- Wholesale Club · 5335 Kingsway261 m
- Boemma Euro Foods & Deli · 5172 Kingsway266 m
- Hannam Supermarket · 5609 Imperial Street307 m
- Ribbon · 5593 Kingsway314 m
Parks (4)
- BC Parkway270 m
- Lobley Park444 m
- Unnamed572 m
- Bonsor Park692 m
Gyms (2)
- Fitness World · 5500 Kingsway140 m
- Playground282 m
Pharmacies (3)
- Imperial Remedy's Rx Pharmacy · 5262 Imperial Street134 m
- London Drugs · 4970 Kingsway579 m
- Bonsor Pharmacy & Medical Supplies639 m
Banks & ATMs (3)
- Vancity · 5064 Kingsway436 m
- RBC533 m
- TD · 4994 Kingsway552 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($23,450) — 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.