$1,188,000

2301 5885 OLIVE AVENUE

Burnaby BC V5H 4N8 - Metrotown
2 bd
2 ba
1,190 sqft
Built 1991

About This Property

Welcome to this spacious 1,190 sq. ft. corner residence in the heart of Metrotown, featuring 2 bedrooms and 2 full bathrooms with panoramic views of the North Shore Mountains, Downtown Vancouver and Richmond. The well-maintained building offers an indoor pool, recreation centre, sauna/steam room and billiards room. Recent building upgrades include a newer…

Features

Elevator
Storage
Vaulted Ceiling(s)
Balcony
Underground
Guest
Retirement Community
Shopping Nearby
Room measurements6 rooms
Dining RoomMain · 11'2 × 14'11
KitchenMain · 11'6 × 12'4
Living RoomMain · 16'5 × 15'5
BedroomMain · 14'5 × 11'6
BedroomMain · 11'3 × 9'6
FoyerMain · 7'2 × 4'3

Property Details

MLS NumberR3161057
Property TypeApartment/Condo
Bedrooms2
Bathrooms2
Square Feet1,190
Year Built1991
Parking Spaces1
HeatingElectric, Forced Air
Strata Fee$522.33/mo
Days on Market2
StatusActive
Listed ByComFree

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 $6,173
Mortgage payment$5,447
Strata fee$522
Property tax$144
Home insurance$60
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 Sep 1

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