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Back to Search Home Burnaby, BC Metrotown 905 5885 Olive Avenue
51 Days on the market
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905 5885 Olive Ave, Burnaby, BC

$775,000
Est. Mortgage /mo

MLS® R3095671 · Metropolitan

2 Beds
2 Baths
1090 sqft
711 $ /sqft
469 $ Maint. fee
1991 Built
$775,000
Est. /mo with 20% down
$711/sqft · Tax $2,135/2025
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

Property Details & Specs

This Well maintained & Managed 2BR + 2Bath 1090 sqft sW corner facing with 9' ceiling is centrally located in the heart of Metrotown. It is bright and spacious layout, engineered hardwood floors, stainless steel appliances, Spacious living room with access to large covered balcony overlooking unobstructed view of Central Park and the city below. Some updates: paint, kitchen, lighting, balcony floor and appliances. 1 parking, storage locker and insuite laundry. Elevator modernization (2022) and roof deck replacement (2023). Piping was done 11 years ago. Short Walk to Patterson Skytrain Station, Central Park, Metrotown, shopping, restaurants, library and more. Building amenities include Caretaker, indoor pool, hot tub, sauna and gym.

General Info

Price $775,000
Total Bedrooms 2
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1090
Lot Size -
Lot Size Depth Feet
Lot Size Frontage -
Basement None
Basement Features -

Property Metrics

Year Built 1991
Age Of Building 35
Building Type Apartment/Condo
Property Type Residential
Stories 1
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Amenities Exercise Centre, Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management
Building Features -
Structures Multi Family, Residential Attached

Additional Details

MLS® # R3095671
Building Name Metropolitan
Area Burnaby South
Neighbourhood Metrotown
City Burnaby
Postal Code V5H 4N8
Price per Sqft $711
Gross Taxes $2,134.51
Ownership Type Freehold Strata
Maintenance Fee $469
Community Features Shopping Nearby
Amenities Nearby Exercise Centre, Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management

Heating & Cooling

Fireplace 0
Heating Type Baseboard

Utilities

Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Garage Under Building, Front Access
Total Parking Spaces 1
Listed by: Royal Pacific Realty Corp.

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.

Neighborhood & Transit Info

Public Schools

Secondary
Burnaby South Secondary School
2.54 km
Elementary
Chaffey-Burke Elementary School
Above Average
0.46 km
7.2/10
Secondary
Moscrop Secondary School
1.36 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
1.79 km
Elementary, Secondary
Deer Lake School
2.27 km

Closest Transit

Bus Stop
Westbound Kingsway @ Barker Ave
0.06 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

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $178
Maintenance fee 0
Financing 80% of the $775,000 asking price over 30 years at 4% results in approximately $3,607/month in total estimated carrying costs, $178 property tax, $469 maintenance fee.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
This listing generates an estimated $2,817/month in rental income, leaving a -$839/month cashflow at current carrying costs. Investors targeting break-even would need roughly 43% down.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds
Home Types
Square Feet
Lot Size
Year Built
This Home $775,000
Burnaby Loading...
Metrotown Loading...
21 comparable Apartment/Condos are currently active in Metrotown, with a median asking price of $792,666. This property is listed 2.2% below the local average and 1.4% above the Burnaby 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

Property FAQs

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What is the estimated monthly mortgage and strata fee for 905 5885 Olive Avenue, Burnaby, BC?

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

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

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