501 5885 Olive Ave, Burnaby BC - Apartment/Condo for Sale - MLS# R3113590

$738,000
Est. Mortgage $3,265/mo
2 Beds
2 Baths
1183 sqft
624 $ /sqft
534.09 $ Maint. fee
1990 built
$738,000
Est. $3,265/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

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Property Details for 501 5885 Olive Avenue

Welcome to this exceptionally spacious 1,180 sq. ft. residence in an established, well-cared-for Burnaby building in the heart of Metrotown. This home features 2 generously sized bedrooms and 2 full bathrooms, offering a highly practical floor plan that easily accommodates house-sized furniture. Residents enjoy access to solid amenities including an indoor pool, recreation center, and sauna/steam room, all within a wheelchair-accessible building. Complete with 1 parking and 1 storage locker, this unit provides straightforward, comfortable living. Located just a short walk from the everyday conveniences of Metrotown, Central Park trails, and the SkyTrain, this property is a wonderful opportunity to secure substantial, well-connected space.

Interior Features

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

Exterior Features

Exterior Features Balcony
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $738,000
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1183
Year Built 1990
Age Of Building 36
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management
Ownership Type Freehold Strata
Maintenance Fee $534.09
Amenities Nearby Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management
Utility Type Electricity Connected
Utility Sewer Public Sewer
Water (WaterSource) Public
Parking Type Underground, Garage Door Opener
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Yes With Restrictions

Lot & Land

Lot Size Depth Feet
MLS® # R3113590
Area Burnaby South
Neighbourhood Metrotown
City Burnaby
Postal Code V5H 4N8
Gross Taxes $2,280.38
Zoning CD

Property Timeline

Status Date Price
R3113590 / Active 04-20-2026 $738,000
Rooms
Floor Type Dimensions
Main Level Living Room 16'6 x 16'6 ft
Main Level Dining Room 8' x 8' ft
Main Level Kitchen 12' x 12' ft
Main Level Laundry 3' x 3' ft
Main Level Bedroom 10' x 10' ft
Main Level Primary Bedroom 12' x 12' ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #4
Main Level No #3

Listed by: Sutton Group - Vancouver First Realty & Sutton Group - Vancouver First Realty

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

Elementary
Chaffey-Burke Elementary School
0.45 km
Secondary
Moscrop Secondary School
1.36 km
Secondary
Burnaby South Secondary School
2.54 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
1.8 km
Elementary, Secondary
Deer Lake School
2.26 km

Closest Transit

Bus Stop
Westbound Kingsway @ Barker Ave
0.06 km
Skytrain
Skytrain @ Patterson Stn
0.27 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 501 5885 Olive Avenue

Mortgage Calculator for 501 5885 Olive Avenue

/month
Principal & Interest
Property Taxes $190
Maintenance fee 534.09
A 20% down payment of $147,600 on this $738,000 listing yields an estimated mortgage of $2,819/month (30-year fixed, 4%). Total estimated housing cost: $3,543/month, $190 property tax, $534 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 $2,757/month in estimated rental income against $3,603/month in mortgage payments, the monthly cashflow is -$846/month. A 45% 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 $738,000
Burnaby Loading...
Metrotown Loading...

Based on 27 comparable active apartments/condos in Metrotown, the average asking price is $720,292. This listing is priced 2.5% above the neighbourhood average.

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

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