1101 5938 Olive Ave, Burnaby BC - Apartment/Condo for Sale - MLS# R3142665

$1,090,900
Est. Mortgage $4,826/mo
Perla
2 Beds
2 Baths
850 sqft
1283 $ /sqft
418.68 $ Maint. fee
2026 built
NEW
$1,090,900
Est. $4,826/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 1101 5938 Olive Avenue

Perla by Polygon - a distinctive concrete tower located in the heart of Metrotown, just a stone' s throw from Central Park and Metropolis at Metrotown. At the top of the stylish tower, the Perla sky lounge awaits with an entire floor of meticulously crafted indoor and outdoor entertainment spaces. This SW corner home features a generous wrap-around deck for outdoor living. The sleek kitchen boasts Fulgor Milano appliances and a central island that doubles as a space-saving dining table. As Polygon' s first TELUS Residential Smart Building, this home comes complete with keyless entry, smart home automation, smart parcel lockers and more.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features Elevator
Fireplace 0
Heating Type Heat Pump
# of Kitchens 0
Flooring Laminate, Tile
Foundation Slab

Exterior Features

Exterior Features Garden, Playground, Balcony
View Description CENTRAL PARK
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $1,090,900
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 850
Year Built 2026
Age Of Building 0
Building Type Apartment/Condo
Property Type Residential
Stories 5
Building Amenities Bike Room, Exercise Centre, Concierge, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Snow Removal
Building Name Perla
Ownership Type Freehold Strata
Maintenance Fee $418.68
Community Features Shopping Nearby
Amenities Nearby Bike Room, Exercise Centre, Concierge, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Snow Removal
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Sanitation, Sanitary Sewer
Water (WaterSource) Public
Parking Type Underground, Guest
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Units In Development 335

Lot & Land

Lot Size Depth Feet
MLS® # R3142665
Area Burnaby South
Neighbourhood Metrotown
City Burnaby
Postal Code V5H 0M6
Gross Taxes 0
Zoning CD-RM5

Property Timeline

Status Date Price
R3142665 / Active 07-02-2026 $1,090,900
Rooms
Floor Type Dimensions
Main Level Living Room 12'5 x 12'5 ft
Main Level Bedroom 10'11 x 10'11 ft
Main Level Bedroom 10'1 x 10'1 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #3
Main Level No #3

Listed by: Polygon Realty Limited

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
Above Average
0.59 km
7.1/10
Secondary
Moscrop Secondary School
Above Average
1.54 km
7.4/10

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

Private Schools

Elementary
Vancouver Christian School
Above Average
3.04 km
9.1/10
Secondary
Whytecliff Agile Learning Centre-Burnaby
Above Average
2.77 km
10/10

Closest Transit

Bus Stop
Patterson Station @ Bay 2
0.1 km
Skytrain
Skytrain @ Patterson Stn
0.14 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
Unlikely
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

Sell Speed & Competition

No data
Overall sell-speed score
Moderate pace expected
Price competition grade
No comparable data
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.14 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How METROTOWN compares
This property
7 DOM
Listed
Metrotown avg
Burnaby avg

1101 5938 Olive Avenue has a sell-speed score of 50/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V5H 0M6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5H 0M6, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.4 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Burnaby South, Burnaby (~2.4 km). Annual avg AQHI 2.2 — Low Risk.

Heat Moderate

Burnaby currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~7 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.4 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Increasing

Annual precipitation ~1393 mm (1981–2010 baseline), projected ~1445 mm by the 2050s. Extreme 1-day rainfall: ~47.8 mm baseline, ~53.3 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~24 days baseline, ~25 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 1101 5938 Olive Avenue

Pre-computed routes from 1101 5938 Olive Ave, Burnaby, BC

By transit (Skytrain)

  • Downtown Vancouver via Patterson → Waterfront
    22 min
  • Metrotown, Burnaby via Patterson → Metrotown
    6 min
  • SFU Burnaby via Patterson → Production Way
    26 min
  • Richmond Centre via Patterson → Brighouse
    47 min
  • YVR Airport via Patterson → YVR-Airport
    48 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    11 min
  • Metrotown, Burnaby via Lougheed Hwy
    1 min
  • SFU Burnaby via Gaglardi Way
    9 min
  • Richmond Centre via No. 3 Rd
    14 min
  • YVR Airport via Bridgeport / Sea Island
    15 min

Calculate your commute

1101 5938 Olive Ave, Burnaby, BC is ideally located for commuters. The property is 0.1 km from Patterson, with a 22 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Patterson Station @ Bay 2 (0.1 km). Walk Score Transit rating: Excellent Transit (88/100).

Walkability & Transit Near 1101 5938 Olive Avenue

Walk Score Badge
Car-Dependent 93

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 88

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
81

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 1101 5938 Olive Avenue

/month
Principal & Interest
Property Taxes $0
Maintenance fee 418.68
A 20% down payment of $218,180 on this $1,090,900 listing yields an estimated mortgage of $4,166/month (30-year fixed, 4%). Total estimated housing cost: $4,585/month, $419 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%
Cap Rate
Cash on Cash
With $3,140/month in estimated rental income against $4,632/month in mortgage payments, the monthly cashflow is -$1,492/month. A 49% 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 $1,090,900
Burnaby Loading...
Metrotown Loading...

Based on 152 comparable active apartments/condos in Metrotown, the average asking price is $883,108. This listing is priced 23.5% 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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Walkability & Transit Near 1101 5938 Olive Avenue

Walk Score Badge
Car-Dependent 93

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 88

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
81

Bike Score - Very Bikeable

Biking is convenient for most trips

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