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501 5885 OLIVE AVENUE, Burnaby, BC — Residential for Sale - Main Photo
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501 5885 OLIVE AVENUE

Burnaby,Metrotown
Address501 5885 OLIVE AVENUE, Burnaby BC V5H 4N8
List Price$738,000Est. $3,451/month
Beds2
Baths2
Sq Ft1,183
TypeApartment/Condo
StructureMulti Family, Residential Attached
Year Built1990
Size1,183 sqft
Parking1 parking spot
Stories—
Taxes$2,280.38 /yr (2025)
Strata$534.09/mo
PetsYes With Restrictions
StatusFor Sale
MLS®#R3113590
Walk Score95
Added
Updated
Listed BySutton Group - Vancouver First Realty
MLS RECIPROCITY

Property Description501 5885 OLIVE AVENUE, Burnaby, BC

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.

This Apartment/Condo home located at 5885 Olive Avenue, Burnaby is currently for sale and has been available on Strawhomes.com for 43 days. This property is listed at $738,000 with an estimated mortgage of $3,451* per month. It has 2 beds, 2 bathrooms, and is 1,183 square feet. The property was built in 1990. 501 5885 Olive Avenue, Burnaby BC V5H 4N8 is in the Metrotown Condos neighbourhood Burnaby. Central Park BS, Forest Glen BS and Garden Village are nearby neighborhoods.

Facts & FeaturesProperty facts for 501 5885 OLIVE AVENUE, Burnaby

Property

Area Minor
Metrotown
Postal Code
V5H 4N8
Property Sub Type
Apartment/Condo
Year Built
1,990
Size (Interior)
1,183 sqft
Building Area Total
1,183 sqft
Area Major
Burnaby South
Property Type
Residential
Status
Active
Last Modified
2026-06-01

Inside

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

Taxes
$2,280.38
Tax Year
2,025
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 HistoryListing records and last sold date for 501 5885 OLIVE AVENUE, Burnaby

MLS® #DateEventPrice
XXXXXXXXXXXxx XX, XXXXListed—
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Location

Similar HomesShop homes for sale similar to 501 5885 OLIVE AVENUE, Burnaby

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

AreaAvg. PriceUpdated
This Home$738,000Apr 20, 2026
Burnaby$1,271,393Jul 7, 2026
Metrotown$905,717Jul 7, 2026

Amenities

Grocery Stores

  • Save-On-Foods0.44 km
  • PriceSmart0.70 km
  • T&T Supermarket1.08 km

Malls

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

Pharmacy

  • The Medicine Shoppe Pharmacy0.08 km

Liquor

  • BC Liquor Stores0.37 km

Libraries

  • Burnaby Public Library0.49 km
  • District Library Resource Centre1.31 km

Entertainment & Sports

Movie Theaters

  • SilverCity0.87 km
  • Cineplex Cinemas Metropolis0.89 km

Restaurants

  • Ramie's Greek Restaurant0.14 km
  • Saffron Indian Cuisine0.17 km
  • Nando's Kingsway0.26 km

Nightlife

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

Arenas

  • SFU Stadium1.87 km
  • Moody Park Arena6.40 km

Health and Fitness

Fitness

  • Gracie Barra Burnaby0.08 km
  • She's FIT!0.09 km

Golf

  • Central Park Disc Golf1.15 km
  • Central Park Pitch & Putt1.16 km
  • Birdie Indoor Golf Metrotown2.05 km

Hospitals

  • Burnaby Hospital1.95 km
  • Holy Family Hospital4.89 km

Parks

Parks Nearby

  • Wesburn Park0.47 km
  • Burnaby Civic Square0.54 km
  • 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
  • Bonsor Recreation Complex1.30 km
  • Champlain Heights Community Centre2.44 km

Museum

  • Gallery at Ceperley House3.07 km
  • Burnaby Village Museum3.17 km

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

Downtown

  • Downtown Burnaby5.71 km

Skytrain Station

  • Patterson Station Skytrain0.49 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

Seabus

  • Waterfront Stn Seabus Northbound9.56 km

BC Ferries

  • BC Ferries Horseshoe Bay24.72 km

West Coast Express

  • Waterfront Station West Coast Express9.49 km

Elementary

  • Chaffey-Burke0.46 km
  • Chaffey-Burke Elementary0.48 km
  • Ecole Inman0.93 km

Secondary

  • Moscrop1.40 km
  • Deer Lake SDA School2.24 km
  • Burnaby South2.54 km

About: 501 5885 OLIVE AVENUE, Burnaby

If this apartment/condo doesn't check all the boxes for your dream home, view the other 1,986 apartments in Burnaby.

This freehold apartment/condo was built in 1990 and is currently listed at $624 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.

Other communities nearby are Forest Glen BS, Central Park BS and Garden Village. Olive has 10 homes currently on the market, while the district of Metrotown has 399 postings on the market. This is roughly 20.1% of Burnaby's total 1,986 listings on the market. The average listed price of a apartment/condo in Metrotown is $905,941, with an estimated mortgage of $4,237 per month.* That is 0.7 the average list price of $1,273,646 for a apartment/condo in Burnaby.

Apartments/condos listed in Metrotown are an average of 993 sq ft, with 2 beds and 2 baths.

In the area surrounding 501 5885 OLIVE AVENUE, apartments/condos outnumber detached houses on the market.

Monthly payments are an estimate based on a mortgage with 20% down @ 5% with a 5-yr mortgage rate

MLS®#: R3113590 · $738,000 · 2 bedroom apartment/condo in Metrotown Burnaby.

FAQs About 501-5885 Olive Avenue, Burnaby

What is the square footage of this condo?
501-5885 Olive Avenue, MLS® R3113590 has a size of 1,183 sqft. This is above the average square footage for condo in the Metrotown neighbourhood, which is 832 sqft.
What are nearby schools to 501-5885 Olive Avenue, Burnaby?
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 at 501-5885 Olive Avenue, MLS® R3113590.
Does this condo have parking available?
Yes, there is parking available for the condo at 501-5885 Olive Avenue with 1 spot.
What are annual taxes for 501-5885 Olive Avenue, Burnaby, BC?
Annual taxes for this home are estimated at $2,280 per year based on 2025 tax year reports.
Is 501-5885 Olive Avenue, Burnaby, walkable?
With a Walk Score™ of 95, this home is considered a Walker's Paradise with daily errands do not require a car.
How does 501-5885 Olive Avenue compare to other homes selling in Metrotown, Burnaby?
This home is listed at 5.9% below average condo prices for Metrotown and has been on the market for 12 days fewer than the typical home in that neighbourhood.
What building is this condo a part of?
5885 Olive Avenue Unit 501 is part of the building 5885 Olive Avenue and other units for sale include unit 905 and unit 2002.