311 5388 Grimmer St, Burnaby BC - Apartment/Condo for Sale - MLS# R3110283

$469,000
Est. Mortgage $2,075/mo
The Phoenix
1 Beds
1 Baths
618 sqft
759 $ /sqft
312.6 $ Maint. fee
2010 built
$469,000
Est. $2,075/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 311 5388 Grimmer Street

?This affordable 618 sq ft one-bedroom condo offers a functional, well-designed and no wasted space, open floor plan with large windows that fill the space with natural light and showcase beautiful North Shore Mountain Views. The home features laminate flooring, and the convenience of in-suite laundry. Step out onto your private balcony 9'4 x 4'6 and enjoy everything this home has to offer, including low strata fees, secured one parking stall, and a storage locker 3'11 x 6'2. Ideally located in a highly convenient neighbourhood, just minutes from Royal Oak SkyTrain, bus routes, Metrotown Shopping Centre, Bonsor Recreation Complex, T&T Supermarket, Crystal Mall, and various cafes and restaurants, this is an excellent opportunity for first-time buyers or investors.

Interior Features

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

Exterior Features

Exterior Features Balcony
View Description MOUNTAINS
Roof Torch-On
Structures Multi Family, Residential Attached

Building Details

Price $469,000
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 618
Year Built 2010
Age Of Building 16
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Bike Room, Trash, Maintenance Grounds, Hot Water, Management
Building Name The Phoenix
Ownership Type Freehold Strata
Maintenance Fee $312.6
Community Features Shopping Nearby
Amenities Nearby Bike Room, Trash, Maintenance Grounds, Hot Water, Management
Utility Type Electricity Connected
Utility Sewer Public Sewer
Water (WaterSource) Public
Parking Type Underground, Front Access
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Restrictions 100
Rental Suites None
Units In Development 55

Lot & Land

MLS® # R3110283
Area Burnaby South
Neighbourhood Metrotown
City Burnaby
Postal Code V5H 0B9
Gross Taxes $1,622.95
Zoning CD-C9A

Property Timeline

Status Date Price
R3110283 / Active 04-13-2026 $469,000
Rooms
Floor Type Dimensions
Main Level Living Room 12'8 x 12'8 ft
Main Level Dining Room 12'8 x 12'8 ft
Main Level Kitchen 6'10 x 6'10 ft
Main Level Primary Bedroom 10' x 10' ft
Main Level Laundry 2'9 x 2'9 ft
Main Level Foyer 6'7 x 6'7 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: RE/MAX Crest Realty & RE/MAX Crest 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

Private Schools

Elementary
St. Francis de Sales
Above Average
1.52 km
8.7/10
Secondary
St. Thomas More Collegiate
Above Average
3.66 km
8.3/10

Closest Transit

Bus Stop
Westbound Kingsway @ Denbigh Ave
0.17 km
Skytrain
Skytrain @ Royal Oak Stn
0.32 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
33.6%
No Certificate/Degree
Average
12.7%
Owner Occupied
Average
72%
Employment Rate
Average
60.1%

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

Sell Speed & Competition

41 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $399,916
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.32 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How METROTOWN compares
This property
87 DOM
Listed
Metrotown avg
Burnaby avg

311 5388 Grimmer Street has a sell-speed score of 41/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 14.7% above comparable active properties in Metrotown. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V5H 0B9

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5H 0B9, 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 (~0.8 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 311 5388 Grimmer Street

Pre-computed routes from 311 5388 Grimmer St, Burnaby, BC

By transit (Skytrain)

  • Downtown Vancouver via Royal Oak → Waterfront
    27 min
  • Metrotown, Burnaby via Royal Oak → Metrotown
    9 min
  • SFU Burnaby via Royal Oak → Production Way
    25 min
  • Richmond Centre via Royal Oak → Brighouse
    52 min
  • YVR Airport via Royal Oak → YVR-Airport
    53 min

By car (off-peak)

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

Calculate your commute

311 5388 Grimmer St, Burnaby, BC is ideally located for commuters. The property is 0.3 km from Royal Oak, with a 27 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Kingsway @ Denbigh Ave (0.17 km). Walk Score Transit rating: Excellent Transit (81/100).

Walkability & Transit Near 311 5388 Grimmer Street

Walk Score Badge
Car-Dependent 89

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 81

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
79

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 311 5388 Grimmer Street

/month
Principal & Interest
Property Taxes $135
Maintenance fee 312.6
Based on a 30-year fixed at 4% interest with 20% down ($93,800), the estimated monthly payment for this listing is $2,239/month — $1,791 principal & interest, $135 property tax, $313 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
At an estimated rental income of $1,799/month, this property runs a $493/month shortfall after mortgage and carrying costs. Break-even requires approximately 43% down.
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 $469,000
Burnaby Loading...
Metrotown Loading...

Based on 99 comparable active apartments/condos in Metrotown, the average asking price is $546,186. This listing is priced 14.1% below 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 311 5388 Grimmer Street

Walk Score Badge
Car-Dependent 89

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 81

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
79

Bike Score - Very Bikeable

Biking is convenient for most trips

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