Property Type: Condo / ApartmentOwnership: Strata

PH16 5288 GRIMMER STREET

Burnaby, BC V5H0C5

$628,000

2 bed2 bath1 parking836 sqftBuilt 2015
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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
$478/mo
Annual property tax
$2,187.12 (2025)

Interior

Heating
Baseboard heaters
Fireplace
None

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®
R3106770
Listed
April 3, 2026
Time on market
On the market for 151 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal Pacific Realty Corp. · Data source: CREA DDF.

Description

Welcome to Metro - located in a central and convenient Metrotown area. This beautiful well kept 2 bedrooms plus 2 full baths penthouse unit features U-Shaped kitchen, quarts counter top and Stainless steel appliances, quality laminate floor throughout. The living room features raised ceiling at the front of the room adds a sense of openness and natural lights that enhances the spacious feel and draws attention to the window wall. Walking distance to Royal Oak skytrain station, Kingsway business Corridor, Bonsor community center, Metrotown Shopping, restaurants & cafes. Includes 1 parking and 1 storage locker. Pet friendly and rental allowed. (id:63159)

Values & Trends

This listing

$751/sqft

Building average

$815/sqft

2 active listing(s)

Burnaby average

$865/sqft

1019 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

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

$805,900
$700,500
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Vancouver

Partly Cloudy

14°C

Partly Cloudy

Humidity 100%

Wind ESE 12 km/h

Today

20°

Tonight

15°

Wednesday

17°

Wednesday night

14°

Thursday

18°

Thursday night

13°

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

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

SchoolTypeDistance
Burnaby Youth Hub Secondary ProgramElementary723 m
École Marlborough ElementaryElementary777 m
Burnaby South SecondarySecondary792 m
Maywood Community ElementaryElementary922 m
Windsor ElementaryElementary987 m
Nelson ElementaryElementary1.1 km
Clinton ElementaryElementary1.3 km
South Slope ElementaryElementary1.4 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

StopTypeDistance
Westbound Kingsway @ Denbigh Ave128 m
Eastbound Kingsway @ Royal Oak Ave174 m
Eastbound Kingsway @ Grimmer St214 m
Westbound Kingsway @ Macpherson Ave259 m
Westbound Kingsway @ Royal Oak Ave282 m

Nearby Places

Restaurants (5+)

  • Maruhachi Ramen · 5278 Kingsway131 m
  • Boiling Point · 5276 Kingsway137 m
  • Jin Jiang Shanghai Restaurant · 5411 Kingsway149 m
  • MeetRice Noodles · 5226 Kingsway158 m
  • Kamamarui Ramen & Sushi · 6514 Royal Oak Avenue162 m

Cafes (5+)

  • BenGong's Tea · 5308 Grimmer Street6 m
  • Duoduo Fruit Shop · 5318 Grimmer Street13 m
  • Sweethoney Dessert · 5358 Grimmer Street25 m
  • Sugar Lab · 5376 Grimmer Street71 m
  • Café 106 · 6588 Royal Oak Avenue123 m

Grocery (4)

  • Wholesale Club · 5335 Kingsway186 m
  • Boemma Euro Foods & Deli · 5172 Kingsway205 m
  • Ribbon · 5593 Kingsway299 m
  • Hannam Supermarket · 5609 Imperial Street338 m

Parks (4)

  • BC Parkway311 m
  • Lobley Park406 m
  • Unnamed572 m
  • Bonsor Park678 m

Gyms (2)

  • Fitness World · 5500 Kingsway147 m
  • Playground269 m

Pharmacies (4)

  • Imperial Remedy's Rx Pharmacy · 5262 Imperial Street196 m
  • London Drugs · 4970 Kingsway529 m
  • Bonsor Pharmacy & Medical Supplies601 m
  • Shoppers Drug Mart · 4827 Kingsway798 m

Banks & ATMs (5+)

  • Vancity · 5064 Kingsway382 m
  • RBC480 m
  • TD · 4994 Kingsway500 m
  • Coast Capital Savings · 4820 Kingsway770 m
  • Coast Capital Savings782 m

Nearby places data: © OpenStreetMap contributors.

School district: Burnaby (SD41)

Mortgage & Ownership Cost Calculator

Minimum required: 6.0% ($37,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$502,400.00
Periodic payment — Principal & Interest (monthly)$3,241.31
Additional monthly expenses (strata, tax, utilities, etc.)$702.26
Total monthly cost$3,943.57
Interest paid over 5-yr term$143,989.28
Balance at end of term$451,910.42

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$37,800
Stress test qualifying rate8.09%
Payment you must qualify for$4,538.43

Cash Needed at Closing

Minimum down payment$37,800
Estimated BC PTT$10,560
Legal / closing costs (typical estimate)$1,500
Total cash needed$49,860

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.

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