605 5848 OLIVE AVENUE
Burnaby, BC V5H4V6
$849,000
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
- $598/mo
- Annual property tax
- $2,540.05 (2026)
Interior
- Heating
- Baseboard heaters, Electric
- Fireplace
- None
- Appliances
- All
Exterior & Lot
- Lot features
- Central location, Elevator
Building
- Security
- Smoke Detectors, Sprinkler System-Fire
- Parcel ID (PID)
- 024-472-913
Parking
- Total spaces
- 2 — 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®
- R3159103
- Listed
- August 26, 2026
- Time on market
- On the market for 5 days
- Tax assessment year
- 2026
- Data last synced
- August 31, 2026
Listing provided by: Grand Central Realty · Data source: CREA DDF.
Description
UNBEATABLE LOCATION! Come see this updated 2-bedroom + den corner unit condo with a covered balcony near both Central Park and Metrotown! Steps to Patterson Station, restaurants, and shopping (Crystal Mall, Station Square & Metropolis at Metrotown). Enjoy walking, and the variety of activities at Central Park. Updates include flooring & tiles, carpet, countertops & backsplash, safety bars in primary bathroom bath, and some appliances. The building features an amenity room with gym equipment and a rooftop garden area. 1 WoofWoof (max 15-lbs) or 2 MeowMeows allowed. 2 parking stalls & a storage locker are included! Don't miss out! *** OPEN HOUSES: SATURDAY, AUG. 29, 1-3PM & SUNDAY, AUG. 30, 2-4PM *** (id:63159)
Values & Trends
This listing
$718/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
81
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 | 454 m |
| École Inman Elementary | Elementary | 1.0 km |
| Maywood Community Elementary | Elementary | 1.2 km |
| École Marlborough Elementary | Elementary | 1.4 km |
| Moscrop Secondary | Secondary | 1.4 km |
| Burnaby Youth Hub Secondary Program | Elementary | 1.4 km |
| Dr H N Maccorkindale Elementary | 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 |
|---|---|---|
| Eastbound Kingsway @ Olive Ave | — | 28 m |
| Westbound Kingsway @ Barker Ave | — | 97 m |
| Westbound Kingsway @ Wilson Ave | — | 122 m |
| Eastbound Kingsway @ Wilson Ave | — | 180 m |
| Eastbound Kingsway @ Patterson Ave | — | 205 m |
Nearby Places
Restaurants (5+)
- Big Way Hotpot · 4250 Kingsway42 m
- Pho 24 Express · 4250 Kingsway56 m
- Pizza Hut · 4287 Kingsway65 m
- Bubble World · 4300 Kingsway69 m
- Tairyou ichiba · 4300 Kingsway77 m
Cafes (5+)
- Waves Coffee House · 4250 Kingsway11 m
- Macu Tea · 4429 Kingsway285 m
- Starbucks380 m
- Chicha San Chen · 4501 Kingsway428 m
- Matcha Tea Lab · 4500 Kingsway444 m
Grocery (3)
- Save-On-Foods · 4469 Kingsway378 m
- PriceSmart Foods · 4650 Kingsway637 m
- Real Canadian Superstore · 4700 Kingsway780 m
Parks (5+)
- Unnamed · 5848 Olive Avenue42 m
- Old Orchard Park339 m
- Burnaby Civic Square495 m
- George McLean Park528 m
- Kinnee Park544 m
Shopping (1)
- Unnamed · 4500 Kingsway452 m
Gyms (5+)
- She's Fit70 m
- Lin Spa · 4500 Kingsway414 m
- GoodLife Fitness · 4501 Kingsway437 m
- Crystal Point442 m
- Unnamed510 m
Pharmacies (5+)
- The Medicine Shoppe · 4277 Kingsway75 m
- Shoppers Drug Mart · 4429 Kingsway350 m
- Crystal Pharmacy · 4500 Kingsway503 m
- Enhance RX · 3965 Kingsway527 m
- Central Park Pharmacy · 3963 Kingsway533 m
Banks & ATMs (5+)
- Scotiabank · 4299 Kingsway139 m
- Scotiabank142 m
- RBC · 4370 Kingsway243 m
- Unnamed454 m
- CTBC Bank · 4501 Kingsway488 m
Nearby places data: © OpenStreetMap contributors.
School district: Burnaby (SD41)
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Financial Ledger
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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.