501 - 5885 Olive Avenue, Metrotown, Burnaby – 2 Bed Condo for Sale

$683,000
Active Listed 4 months ago
Key facts
Beds
2
Baths
2
Living area
1,183 sqft
$ / sqft
Login
Strata fee
$534/mo
Year built
1990
Property tax
$2,280/yr
MLS®
R3113590

Description

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.

Building Snapshot — The Metropolitan

6 other homes for sale in this building  ·  3 sold here in the last 6 months — see the full picture →

Year Built: 1990
Total Units: 132
Strata Plan: NWS3355
Pet Policy: Dogs & Cats Allowed
Rental Policy: Rentals Allowed
Recent Sold Price Range: $650K – $775K
Amenities: CLUB HOUSE, ELEVATOR, IN SUITE LAUNDRY, POOL; INDOOR, RECREATION CENTER
6
Active Listings
$801,167
Avg Ask
$686/sqft
Avg Ask $/sqft
3
Sold (6 mo)
$708,333
Avg Sold

See all suites & sold prices in this building →

Strata ByLaws

svg_pet
Animals
Pets Allowed w/Rest

Mortgage & Wealth

Your estimated monthly cost — including strata and taxes — and the equity you could build over 5 years on this $683,000 home. Adjust the two figures below to match your plan.

Monthly Cost
Mortgage payment
Strata / maintenance
Property tax (est.)
Total / month
5-Year Wealth
Down payment
Mortgage paid down (5 yr)
Est. appreciation*
Equity after 5 yrs

*Assumes a conservative 3%/yr appreciation. Estimates only — your rate, term and CMHC costs may vary. Mortgage questions? Call us 604-330-3784

Mortgage Pre-Qualification

About Metrotown, Burnaby — Condos Market

Over the past 12 months, 461 condos have sold in Metrotown, Burnaby, with properties spending an average of 48 days on market. Sign in to view sold price data.

There are currently 314 other condos for sale in Metrotown. Browse all Metrotown condos for sale.

314
Active Listings
461
Sold (12 Mo)
48
Avg Days on Market

Amenities

Wheelchair Access Recreation Facilities Sauna/Steam Room Caretaker Trash Maintenance Grounds Hot Water Management Balcony Storage In Unit Indoor

Features

Washer/Dryer Dishwasher Disposal Refrigerator Stove Intercom Fire Sprinkler System Window Coverings

Site Influences

Balcony

Property Information

MLS® # R3113590
Property Type Apartment
Dwelling Type Apartment Unit
Home Style Multi Family,Residential Attached
Kitchens 1
Year Built 1990
Parking Underground,Garage Door Opener
Tax $2,280 in 2025
Strata No NWS3355
Postal Code V5H 4N8
Strata Fees $534
Address 501 - 5885 Olive Avenue
Subarea Metrotown
City Burnaby
Listed By Sutton Group - Vancouver First Realty

Floor Area (sq. ft.)

Main Floor 1,183
Above 1,183
Total 1,183

Building

Location

Date Address Bed Bath Kitchen Asking Price $/Sqft DOM Levels Built Living Area Lot Size
04/20/2026 This Property 2 2 1 $683,000 Login to View 136 1 1990 1,183 sqft N/A
06/03/2026

612 6028 Willingdon Avenue

2 2 1 $659,000 Login to View 92 1 1999 963 sqft N/A
08/31/2026

709 6080 Mckay Avenue

2 2 1 $699,900 Login to View 3 1 2021 743 sqft N/A
07/16/2026

602 4333 Central Boulevard

2 2 1 $680,000 Login to View 49 1 2004 813 sqft N/A
05/04/2026

310 7337 Macpherson Avenue

2 2 1 $679,000 Login to View 122 1 2008 900 sqft N/A
04/02/2026

311 6968 Royal Oak Avenue

2 2 1 $658,800 Login to View 154 1 2021 772 sqft N/A
08/25/2026

406 6875 Dunblane Avenue

2 2 1 $689,000 Login to View 9 1 2016 812 sqft N/A
06/26/2026

805 6088 Willingdon Avenue

2 2 1 $698,000 Login to View 69 1 1999 929 sqft N/A
06/17/2025

1802 4880 Bennett Street

2 2 1 $699,000 Login to View 443 1 2013 900 sqft N/A
06/11/2026

404 6240 Mckay Avenue

2 2 1 $690,000 Login to View 84 1 1990 1,165 sqft N/A
Date Address Bed Bath Kitchen Asking Price Sold Price $/Sqft DOM Levels Built Living Area Lot Size
08/18/2026

2104 6000 Mckay Avenue

2 2 1 $799,900 $850,000 (6.3%) Login to View 12 1 2022 847 sqft N/A
08/18/2026

2808 6700 Dunblane Avenue

2 2 1 $799,000 $832,000 (4.1%) Login to View 7 1 2021 896 sqft N/A
08/13/2026

3603 5883 Barker Avenue

2 2 1 $799,000 $810,000 (1.4%) Login to View 8 1 2017 942 sqft N/A
08/10/2026

1403 6455 Willingdon Avenue

1 1 1 $449,900 $415,000 (-7.8%) Login to View 77 1 1982 688 sqft N/A
08/09/2026

2807 5883 Barker Avenue

2 2 1 $899,800 $899,800 (0.0%) Login to View 69 1 2017 930 sqft N/A
08/03/2026

2307 5051 Imperial Street

2 2 1 $808,000 $803,000 (-0.6%) Login to View 5 1 2019 897 sqft N/A
07/30/2026

2202 4900 Lennox Lane

2 2 1 $749,000 $725,000 (-3.2%) Login to View 28 1 2017 879 sqft N/A
07/27/2026

3408 6468 Willingdon Avenue

1 1 1 $650,900 $650,900 (0.0%) Login to View 67 1 2025 535 sqft N/A
07/26/2026

103 5155 Imperial Street

1 1 1 $379,000 $365,000 (-3.7%) Login to View 13 1 1981 719 sqft N/A
07/24/2026

209 6688 Burlington Avenue

2 2 1 $539,000 $532,500 (-1.2%) Login to View 38 1 1993 960 sqft N/A
Date Address Bed Bath Kitchen Asking Price $/Sqft DOM Levels Built Living Area Lot Size
3 hours ago

5103 6333 Silver Avenue

2 2 0 $849,000 Login to View 0 1 2015 875 sqft 875 sqft
16 hours ago

1 6118 Irmin Street

4 4 1 $1,499,000 Login to View 1 3 2026 1,840 sqft 1 sqft
18 hours ago

210 6968 Royal Oak Avenue

1 1 1 $514,900 Login to View 1 1 2020 601 sqft N/A
19 hours ago

3806 4880 Bennett Street

2 2 1 $899,000 Login to View 1 5 2013 1,038 sqft N/A
19 hours ago

109 5250 Victory Street

2 2 1 $629,999 Login to View 1 1 1991 980 sqft N/A
20 hours ago

1107 6333 Silver Avenue

2 2 1 $750,000 Login to View 1 1 2015 886 sqft N/A
21 hours ago

2301 5885 Olive Avenue

2 2 1 $1,188,000 Login to View 1 1 1991 1,190 sqft N/A
21 hours ago

903 6700 Dunblane Avenue

2 2 1 $799,000 Login to View 1 1 2020 838 sqft N/A
1 day ago

105 6188 Patterson Avenue

2 2 1 $858,800 Login to View 1 0 1993 1,109 sqft N/A
1 day ago

1210 6608 Sussex Avenue

3 1 1 $1,118,000 Login to View 1 1 2026 1,076 sqft N/A
Date Address Bed Bath Kitchen Asking Price $/Sqft DOM Levels Built Living Area Lot Size
19 hours ago

109 5250 Victory Street

2 2 1 $629,999 Login to View 1 1 1991 980 sqft N/A
21 hours ago

2301 5885 Olive Avenue

2 2 1 $1,188,000 Login to View 1 1 1991 1,190 sqft N/A
1 day ago

105 6188 Patterson Avenue

2 2 1 $858,800 Login to View 1 0 1993 1,109 sqft N/A
1 day ago

207 4951 Sanders Street

2 2 1 $649,900 Login to View 2 1 1991 1,190 sqft N/A
2 days ago

301 4603 Hazel Street

2 2 1 $779,000 Login to View 3 1 1990 1,208 sqft N/A
2 days ago

901 6521 Bonsor Avenue

2 2 1 $788,900 Login to View 3 1 1991 1,269 sqft N/A
2 days ago

502 6521 Bonsor Avenue

2 2 1 $798,000 Login to View 3 1 1991 1,278 sqft N/A
5 days ago

805 5885 Olive Avenue

2 2 1 $720,000 Login to View 6 1 1991 1,093 sqft N/A
5 days ago

102 3441 Curle Avenue

2 2 1 $868,000 Login to View 6 1 1987 1,408 sqft N/A
6 days ago

1603 5833 Wilson Avenue

2 2 1 $735,000 Login to View 7 1 1995 1,085 sqft N/A

Condo for Sale in Metrotown, Burnaby

Condo for sale in Metrotown, Burnaby — listed at $683,000. This 2 bedroom, 2 bathroom condo offers 1,183 sq ft of living space ($577/sq ft) and was built in 1990. Home style: Multi Family,residential Attached. Parking: Underground,Garage Door Opener. Outdoor: Balcony. Building amenities include Wheelchair Access, Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds. Property features include Washer/Dryer, Dishwasher, Disposal, Refrigerator, Stove, Intercom. Strata bylaws: Pets Allowed W/rest. Monthly strata fees are $534. Annual property taxes: $2,280 (2025). Listed by Sutton Group - Vancouver First Realty — MLS® #R3113590. Located in The Metropolitan in Metrotown, Burnaby.

Frequently Asked Questions About 501 - 5885 Olive Avenue

Common questions buyers ask about this listing:

What year was this home built in?

501 - 5885 Olive Avenue, Burnaby, V5H 4N8 was built in 1990.

How long has this property been listed for?

501 - 5885 Olive Avenue, Burnaby, V5H 4N8 was listed on 04/20/2026 by Sutton Group - Vancouver First Realty.

Is there a basement in this home?

None.

What is the listing price of this condo?

The listing price of 501 - 5885 Olive Avenue, Burnaby, V5H 4N8 is $683,000.

How many bedrooms does this condo have?

501 - 5885 Olive Avenue, Burnaby, V5H 4N8 is a 2 bedroom, 2 bathroom condo with 1183 sq ft of living space.

What is the square footage of this condo?

501 - 5885 Olive Avenue, Burnaby, V5H 4N8 has 1183 sq ft of living space.

What are the strata fees at this condo?

The monthly strata (maintenance) fees at 501 - 5885 Olive Avenue, Burnaby, V5H 4N8 are $534.

Are pets allowed at this condo?

Pets are allowed at 501 - 5885 Olive Avenue, Burnaby, V5H 4N8.

What is the MLS® number for this condo?

The MLS® number for 501 - 5885 Olive Avenue, Burnaby, V5H 4N8 is R3113590.

What neighbourhood is this condo in?

501 - 5885 Olive Avenue, Burnaby, V5H 4N8 is located in the Metrotown neighbourhood of Burnaby, BC.

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Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. - The advertising on this website is provided on behalf of BC Condos & Homes - Re/Max Crest Realty, 300 - 1195 W Broadway, Vancouver, BC

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