2002 5885 Olive Ave, Burnaby BC - Apartment/Condo for Sale - MLS# R3102039

$700,000
Est. Mortgage $3,097/mo
2 Beds
2 Baths
1234 sqft
567 $ /sqft
558.39 $ Maint. fee
1991 built
12.5% price reduction
$700,000
$800,000
Est. $3,097/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Photos

Property Details for 2002 5885 Olive Avenue

12.5% price reduction

Well-kept 2-bed in central Metratown. Sustential renovation in 2022. All lifts were replaced, and the swimming pool was updated several years ago. All facilities are within the vicinity, all major malls, transit and banks nearby. New paint in April.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Freezer
Interior Features Storage
Fireplace 0
Heating Type Electric
Laundry In Unit
# of Kitchens 1
Flooring Laminate
Foundation Concrete Perimeter

Exterior Features

Exterior Features No Outdoor Area
Structures Multi Family, Residential Attached

Building Details

Price $700,000
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1234
Year Built 1991
Age Of Building 35
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Trash, Hot Water, Management, Water
Ownership Type Freehold Strata
Maintenance Fee $558.39
Amenities Nearby Trash, Hot Water, Management, Water
Utility Type Community, Electricity Connected, Water Connected
Water (WaterSource) Public
Parking Type Garage Under Building, Front Access, Concrete, Garage Door Opener
Total Parking Spaces 1
Strata Restrictions No Restrictions
Units In Development 132

Lot & Land

MLS® # R3102039
Area Burnaby South
Neighbourhood Metrotown
City Burnaby
Postal Code V5H 4N8
Gross Taxes $2,244.68
Zoning R5/8

Property Timeline

Status Date Price
R3102039 / Active 03-20-2026 $700,000
Rooms
Floor Type Dimensions
Main Level Living Room 23'0 x 23'0 ft
Main Level Bedroom 22'0 x 22'0 ft
Main Level Bedroom 16'0 x 16'0 ft
Main Level Den 11'6 x 11'6 ft
Main Level Dining Room 9'0 x 9'0 ft
Main Level Kitchen 11'6 x 11'6 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #4
Main Level No #3

Listed by: Mizar Marketing Ltd.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Secondary
Burnaby South Secondary School
2.54 km
Elementary
Chaffey-Burke Elementary School
Above Average
0.47 km
7.2/10
Secondary
Moscrop Secondary School
1.37 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St.Mary's School
Above Average
1.8 km
9.4/10
Elementary, Secondary
Deer Lake School
2.27 km

Closest Transit

Bus Stop
Westbound Kingsway @ Barker Ave
0.07 km
Skytrain
Skytrain @ Patterson Stn
0.26 km

Crime Rate

Total Crime Rate
Below Average
Violent Crime Rate
Low
Property Crime Rate
Average

Demographics

Post-Secondary Education
Above Average
41.1%
No Certificate/Degree
Below Average
8.3%
Owner Occupied
Below Average
38.9%
Employment Rate
Average
56.1%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 2002 5885 Olive Avenue

Mortgage Calculator for 2002 5885 Olive Avenue

/month
Principal & Interest
Property Taxes $187
Maintenance fee 558.39
A 20% down payment of $140,000 on this $700,000 listing yields an estimated mortgage of $2,674/month (30-year fixed, 4%). Total estimated housing cost: $3,419/month, $187 property tax, $558 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
With $2,615/month in estimated rental income against $3,476/month in mortgage payments, the monthly cashflow is -$861/month. A 46% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Metrotown, Burnaby

Beds Home Types Square Feet Lot Size Year Built
This Home $700,000
Burnaby Loading...
Metrotown Loading...

Based on 27 comparable active apartments/condos in Metrotown, the average asking price is $720,292. This listing is priced 2.8% below the neighbourhood average. This property is flagged as a Hot Deal (12.5% price reduction) based on its competitive pricing and market demand.

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

Earn Cashback on Your Purchase

Potential Cashback for this listing if you buy with us

$0
out of $5,050
0 of 17 missions

Sign up on Estateblock.com

$253 / 5%

Buy with us & save on this property

Similar Condos for Sale in Metrotown

Recently Sold Homes Near 2002 5885 Olive Avenue