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501 - 5885 Olive Avenue, Burnaby, BC - MLS: R3113590 - Photo 1
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501 - 5885 Olive Avenue, Burnaby

Burnaby,Metrotown
List Price$673,000Est. $3,131/month
Beds2
Baths2
Sq Ft1,183

About 501 - 5885 Olive Avenue, Burnaby

Dwelling Type:Apartment/Condo
Structure:Multi Family, Residential Attached
Year Built:1990
Floor Area (sq. ft.):1,183
Parking:1 parking spot
Stories:—
Property Taxes:$2,280.38 /yr (2025)
Maintenance Fee:$534.09/mo
Pets:Yes With Restrictions
Status:For Sale
MLS® #:R3113590
Added: (6 months ago)
Updated:
Provided by:Sutton Group - Vancouver First Realty
Area:Burnaby South
Sub Area:Metrotown
MLS Reciprocity

Apartment/Condo for sale at 501 - 5885 Olive Avenue Burnaby, BC V5H 4N8, Canada, Metro Vancouver, Lower Mainland. 1,183 sqft • Metrotown • List Price $673,000. 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.

501 - 5885 Olive Avenue, Burnaby, BC V5H 4N8 (MLS® R3113590) is a 2 bed, 2 bath Apartment/Condo for sale, listed at $673,000 and added to Strawhomes.com on April 20, 2026. The apartment is 1,183 square feet and was built in 1990. At $673,000, the estimated mortgage is $3,131 per month with 20% down, a 5% interest rate and a 25-year amortization. The apartment is in the Metrotown Condos neighbourhood of Burnaby, with more listings under Burnaby Condos for sale. The neighbourhoods whose centres are closest to the apartment are Central Park BS, Forest Glen BS and Garden Village.

Details

Property

Area Minor
Metrotown
Postal Code
V5H 4N8
Property Sub Type
Apartment/Condo
Year Built
1990
Size (Interior)
1,183 sqft
Building Area Total
1,183 sqft
Area Major
Burnaby South
Property Type
Residential
Status
Active
Last Modified
2026-10-28
Province
British Columbia
Date first appeared on site
2026-04-20
Features
2 baths, 2 beds, Apartment/Condo

Inside

Full Bathrooms
2
Main Level Bathrooms
Laundry Features
In Unit
Rooms
Above Grade Finished Area
Below Grade Finished Area
Kitchen Appliances
Washer/Dryer, Dishwasher, Disposal, Refrigerator, Stove
Bedrooms
2
Window Features
Window Coverings
Interior Features
Storage

Building

Roof
Other
Floor Area Below Grade
Heating
Electric
Foundation
Concrete Perimeter
Structure
Multi Family, Residential Attached
Security Features
Fire Sprinkler System
Other Equipment
Intercom
Construction
Concrete, Brick (Exterior), Concrete (Exterior), Mixed (Exterior)
Exterior Features
Balcony

Parking

Parking Space (A)
1
Parking Features
Underground, Garage Door Opener
Garage
Yes

Fees

Gross Taxes
$2,280.38
Tax Year
2025
Maintenance Fee
$534.09/month
Common Elements Included
Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management

Utilities

Utilities
Electricity Connected
Sewer
Public Sewer
Water Source
Public

Highlights

Building Amenities
Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management

Listing Details

MLS® Number
R3113590
Ownership
Freehold Strata
Age
36 years
Main Floor Finished Area
1,183 sqft
Listing Source
GVR – FVREB – CADREB – BCNREB – Resi
Pets Allowed
Yes With Restrictions

Additional Property Details

Above Grade Finished Area
Below Grade Finished Area
Basement Finished Area
Main Floor Finished Area
Main Level Bathrooms
Age of Building
Legal Description
Distance to Transit
Rentals Allowed
Management Company
Restrictions
Age Restriction
Fireplace Features
Patio & Porch
Fencing
Covered Parking Places

Rooms

Sign in to view room details

Sold History Listing records and last sold date for 501 - 5885 Olive Avenue, Burnaby

MLS® #DateEventPrice
XXXXXXXXXXXxx XX, XXXXListed—
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Recently Sold Homes Near MLS® R3113590 - Sold Data

Here are some recent Burnaby condos for sale that sold in Metrotown, including the days on market. The view sold data is from MLS® listing data using nearby neighbourhoods.

  • 3205 - 6658 Dow Avenue, Burnaby

    Sold price
    $X,XXX,XXX
    Date sold
    Xxx XX, XXXX
    Size
    957 sqft
    Days on market
    83

  • 1502 - 4134 Maywood Street, Burnaby

    Sold price
    $X,XXX,XXX
    Date sold
    Xxx XX, XXXX
    Size
    905 sqft
    Days on market
    45

  • 1005 - 6658 Dow Avenue, Burnaby

    Sold price
    $X,XXX,XXX
    Date sold
    Xxx XX, XXXX
    Size
    962 sqft
    Days on market
    70
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Location

Similar Properties Shop homes for sale similar to 501 - 5885 Olive Avenue, Burnaby

Mortgage Calculator Affordability: Afford a Home up to your budget

Type in your mortgage amount, down payment, interest rate, and property price below to see your mortgage payment amount. Take into account strata fees. Consult with Richard Morrison Realtor® to learn how to improve your affordability.

Monthly mortgage payment
$3,131
Monthly total incl. strata
$3,665

Neighbourhood

Nearby Amenities, Schools, Commute and Travel Times near - 501 - 5885 Olive Avenue, Burnaby

AreaAvg. PriceUpdated
This Home$673,000Apr 20, 2026
Burnaby$1,233,643Nov 6, 2026
Metrotown$864,506Nov 6, 2026

Amenities

Grocery Stores

  • Save-On-Foods0.44 km · 4469 Kingsway
  • PriceSmart0.70 km · 4650 Kingsway
  • T&T Supermarket1.08 km · 4800 Kingsway

Malls

  • Old Orchard Shopping Centre0.38 km · 4429 Kingsway
  • The Crystal Mall0.51 km · 4500 Kingsway
  • EVERYDAY TOY&STATIONERY0.51 km · 4500 Kingsway

Pharmacy

  • The Medicine Shoppe Pharmacy0.08 km · 4277 Kingsway
  • Central Park Pharmacy0.47 km
  • Rexall0.70 km · 6200 McKay Avenue

Liquor

  • BC Liquor Stores0.37 km · 4429 Kingsway
  • JAK'S Beer Wine Spirits2.31 km · 5665 Kingsway
  • West Coast Liquor Co2.51 km · 7651 Royal Oak Avenue

Libraries

  • Burnaby Public Library0.49 km · 6100 Willingdon Avenue
  • District Library Resource Centre1.31 km · 6098 Nelson Avenue
  • BCIT SE14 Library2.10 km · 3700 Willingdon Avenue

Entertainment & Sports

Movie Theaters

  • SilverCity0.87 km · 4700 Kingsway
  • Cineplex Cinemas Metropolis0.89 km · 4700 Kingsway
  • Theatre Alley Development Corporation4.99 km · 4575 Tillicum Street

Restaurants

  • Ramie's Greek Restaurant0.14 km · 4287 Kingsway
  • Saffron Indian Cuisine0.17 km · 4300 Kingsway
  • Nando's Kingsway0.26 km · 4334 Kingsway

Nightlife

  • Trattoria Burnaby (Old Listing)0.51 km · 4501 Kingsway #102
  • Trattoria by Italian Kitchen0.51 km · 4501 Kingsway #102
  • Time & Place Kitchen | Bar0.56 km

Arenas

  • Moody Park Arena6.40 km · 701 Eighth Ave
  • Pacific Coliseum at the PNE6.46 km · 100 N Renfrew St
  • Vancouver Canadians Baseball Club7.09 km · 4601 Ontario St

Health and Fitness

Fitness

  • Gracie Barra Burnaby0.08 km · 4277 Kingsway m24
  • She's FIT!0.09 km · 4277 Kingsway M35
  • Central Park Physiotherapy & Sports Injury Clinic0.47 km · 3965 Kingsway

Yoga

  • Orijin Yoga1.02 km · 3665 Kingsway
  • Oxygen Yoga & Fitness Killarney1.23 km · 3544 Kingsway
  • Oxygen Yoga & Fitness Brentwood3.63 km · 4142 Dawson Street

Golf

  • Central Park Disc Golf1.15 km · 3883 Imperial St
  • Central Park Pitch & Putt1.16 km · 3883 Imperial St
  • Birdie Indoor Golf Metrotown2.05 km · 5318 Imperial St

Hospitals

  • Burnaby Hospital1.95 km · 3935 Kincaid Street
  • Holy Family Hospital4.89 km · 7801 Argyle Street
  • Mount Saint Joseph Hospital6.87 km · 3080 Prince Edward Street

Parks

Parks Nearby

  • Wesburn Park0.47 km · 5477 Patterson Ave
  • Burnaby Civic Square0.54 km · 6100 Willingdon Ave
  • Killarney Park0.97 km

Trails Nearby

  • Deer Lake Trails1.77 km
  • Champlain Heights Trails2.26 km
  • Wellington Jogging Trail3.11 km

Public Recreation Center

  • Wesburn Community Centre1.09 km · 4781 Parkwood Ave
  • Bonsor Recreation Complex1.30 km · 6550 Bonsor Ave
  • Champlain Heights Community Centre2.44 km · 3350 Maquinna Dr

Museum

  • Gallery at Ceperley House3.07 km · 6344 Deer Lake Ave
  • Burnaby Village Museum3.17 km · 6501 Deer Lake Ave
  • Japanese Canadian National Museum3.65 km · 6688 Southoaks Cres

University & College

  • British Columbia Institute of Technology0.62 km
  • Alexander College1.16 km
  • Coquitlam College3.09 km

Preschools

  • Kingsway Christian Children's Centre - Clubhouse0.46 km · 5608 Inman Ave
  • Burnaby Rainbow Preschool Association1.16 km · 4781 Parkwood Ave
  • Burnaby French Language Playschool1.40 km · 6060 Marlborough Ave

Daycares

  • Kingsway Christian Children's Centre0.31 km · 4061 Kingsway
  • Ccaa Child Care Centre0.85 km · 5069 Inman Ave
  • Ccaa' Infant And Toddler Child Care Centre0.87 km · 3978 Brandon St

Downtown

  • Downtown Burnaby5.71 km
  • Downtown Vancouver9.54 km
  • Downtown Richmond11.50 km

Skytrain Station

  • Patterson Station Skytrain0.49 km · 4101 Beresford St
  • Metrotown Station Skytrain0.72 km · 4401 Beresford St
  • Joyce–Collingwood Station Skytrain1.73 km

Bus Stations

  • Eastbound Kemp St @ Kathleen Ave0.21 km
  • Northbound Patterson Ave @ Kingsway0.30 km
  • Southbound Patterson Ave @ Kingsway0.32 km
  • Patterson Station @ Bay 20.35 km
  • Southbound Patterson Ave @ Sardis St0.46 km

Airports

  • Vancouver International Airport (YVR)13.01 km
  • Boundary Bay Airport (CZBB)17.43 km
  • Abbotsford International Airport (YXX)51.92 km

Seabus

  • Waterfront Stn Seabus Northbound9.56 km

BC Ferries

  • BC Ferries Horseshoe Bay24.72 km
  • BC Ferries Tsawwassen Ferry Terminal26.25 km

West Coast Express

  • Waterfront Station West Coast Express9.49 km · 601 W Cordova St
  • Moody Centre Station West Coast Express12.99 km
  • Coquitlam Central Station West Coast Express15.96 km · 2900 Barnet Hwy

Public

  • Chaffey-Burke0.46 km · 4404 Sardis St
  • Ecole Inman0.93 km · 3963 Brandon St
  • Moscrop1.40 km
  • Ecole Marlborough1.46 km · 6060 Marlborough Ave
  • Burnaby South2.54 km
  • Burnaby Central2.86 km

Private

  • Deer Lake SDA2.24 km · 5550 Gilpin St
  • St Francis de Sales3.46 km · 6656 Balmoral St
  • Holy Cross4.56 km · 1450 Delta Ave

About: 501 - 5885 Olive Avenue, Burnaby

Explore 1,109 Burnaby Apartment/Condos for sale to find your ideal property.

This freehold apartment/condo was built in 1990 and is currently listed at $569 per square foot. Monthly strata fees for this unit are $534.09. The property offers 1 parking space, a garage. Annual property taxes were assessed at $2,280 in 2025.

501 - 5885 Olive Avenue is in the city of Burnaby, British Columbia and found in the community of Metrotown in Burnaby.

Nearby neighbourhoods include Forest Glen BS, Central Park BS and Garden Village. Olive has 12 homes currently on the market, while the district of Metrotown has 376 postings on the market. This represents approximately 19.6% of the total 1,916 properties listed for sale in Burnaby. The average listed price of an apartment/condo in Metrotown is $752,421, with an estimated mortgage of $3,519 per month.* That is 1.0 times the average list price of $740,093 for an apartment/condo in Burnaby.

Metrotown listed apartments/condos average 829 sq ft, 2 beds, and 2 baths.

The majority of properties for sale in the community around 501 - 5885 Olive Avenue are apartments/condos, not detached houses.

The monthly payments provided are an approximation calculated for a mortgage loan with a down payment of 20% @ 5% interest rate over a 5-year mortgage term.

MLS®#: R3113590 · $673,000 · 2 bedroom apartment/condo in Metrotown Burnaby.

FAQs About 501 - 5885 Olive Avenue, Burnaby

What is the square footage of 501 - 5885 Olive Avenue, Burnaby, MLS® R3113590?
This condo, MLS® R3113590, has a size of 1,183 sqft. This is above the average square footage for a condo in the Metrotown neighbourhood, which is 831 sqft.
What are nearby schools to this condo?
Nearby secondary schools include Moscrop, Deer Lake SDA School and Burnaby South. Nearby elementary schools include Chaffey-Burke, Ecole Inman and Ecole Marlborough.
How many bedrooms and bathrooms does this home have?
There are 2 bedrooms and 2 bathrooms in this condo, MLS® R3113590.
Does this condo have parking available?
Yes, there is parking available for this condo with 1 spot.
What are annual taxes for this condo?
Annual taxes for this home are estimated at $2,280 per year based on 2025 tax year reports.
Is this condo walkable?
With a Walk Score™ of 95, this home is considered a Walker's Paradise with daily errands not requiring a car.
How does this condo compare to other homes selling in Metrotown, Burnaby?
This home is listed at 10.7% below average condo prices for Metrotown and has been on the market for 139 days longer than the typical home in that neighbourhood.
What building is this condo a part of?
This condo is part of the building 5885 Olive Avenue and other units for sale include unit 1706, unit 805, unit 1206, unit 1106 and unit 2301.

Apartment/Condo for sale in Burnaby South, Burnaby, BC, MLS® R3113590

This Apartment/Condo is an attached property that is currently for sale and was listed on April 20, 2026, or listed 6 months ago on our web site. This condo is for sale and is located in the neighbourhood of Metrotown. It was built in the year of 1990, or 36 years old. The full mailing address is 501 - 5885 Olive Avenue, Burnaby, BC, V5H 4N8. It has 2 beds & 2 baths. The list price of this condo is $673,000 and the living area is 1,183 sq ft, or $569 per square foot. The monthly strata fee is $534 and the ownership is freehold strata.

501 - 5885 Olive Avenue, Burnaby

Upcoming Open Houses

The postal code V5H 4N8 has a few open houses in Burnaby British Columbia Canada. This Metrotown condo for sale is one of Lower Mainlands best priced properties in the Metrotown neighbourhood.

If you would like to calculate your mortgage payment for this listing located at V5H 4N8 and need a mortgage calculator please see above.

Home Value

For sellers wanting to get a home value of their condo for sale near this MLS® listing ID R3113590, please contact us to have a Burnaby listing agent contact you with our selling system, and see the mortgage calculator above for this listing's monthly payment. Richard Morrison is a top real estate agent located in Burnaby Metrotown.

Price History

You can see Price History, house prices, Walk Score, and property disclosure above. The data relating to real estate on this website (MLS® R3113590) comes in part from the Burnaby MLS® Reciprocity program of either Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB).