$720,000

805 5885 OLIVE AVENUE

Burnaby BC V5H 4N8 - Metrotown
2 bd
2 ba
1,093 sqft
Built 1991

About This Property

Welcome to The Metropolitan, a luxury high-rise offering a bright, spacious, and move-in-ready 2-bedrooms, 2-bathrooms home on the quiet side of the building with desirable south exposure and beautiful views. Features include in-suite laundry, modern updates, floor-to-ceiling windows, and abundant natural light. Well maintained building with indoor pool,…

Features

Elevator
Storage
Garden
Balcony
Garage Under Building
Front Access
Garage Door Opener
Shopping Nearby
Room measurements6 rooms
Living RoomMain · 13' × 16'11
Dining RoomMain · 7'11 × 12'10
KitchenMain · 9'2 × 11'3
Primary BedroomMain · 10'10 × 16'
BedroomMain · 9'8 × 11'6
FoyerMain · 4'4 × 5'9

Property Details

MLS NumberR3159765
Property TypeApartment/Condo
Bedrooms2
Bathrooms2
Square Feet1,093
Year Built1991
Parking Spaces1
HeatingElectric
Strata Fee$558/mo
Days on Market6
StatusActive
Listed BySelmak Realty Limited

School Catchment

Elementary Chaffey-Burke
Secondary Moscrop

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$700,000Median home value
$70,000Median household income
38.6%Owner-occupied
0.2%Single-detached homes
2Avg household size
38.4Median age
60.2%Bachelor's degree or higher (25-64)
47.3%Commute under 30 min
50%Drive to work
60.4%Foreign-born residents
4,564Neighbourhood population

Age

Under 15: 10.3%15 to 64: 72.4%65 and over: 17.3%
  • Under 1510.3%
  • 15 to 6472.4%
  • 65 and over17.3%

Household size

  • 1 person35.3%
  • 238%
  • 316.6%
  • 47.9%
  • 5 or more2.2%

Language spoken at home

24.8% English mother tongue

  • Mandarin16.4%
  • Cantonese11.3%
  • English + other5.6%
  • Farsi4.1%
  • Korean3.4%
  • Spanish3.2%
  • All others31.2%

Mother tongue, share of 4,565 residents.

How this pocket differs

  • notably fewer 5+ person households than Metrotown 2.2% vs 4.6%
  • notably more Farsi speakers than Metrotown 4.1% vs 1.7%
  • fewer Mandarin speakers than Metrotown 16.4% vs 21.9%
  • more Spanish speakers than Metrotown 3.2% vs 2.4%
  • Median household income is lower than Metro Vancouver $70,000 vs $90,000
  • Median dwelling value is notably lower than Metro Vancouver $700,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Monthly Cost Calculator

Estimated monthly cost $4,080
Mortgage payment$3,295
Strata fee$558
Property tax$177
Home insurance$50
Partner Rates Available Contact us for preferred mortgage rates

An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Aug 31

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