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$700,000

202 5885 OLIVE AVENUE

Burnaby BC V5H 4N8 - Metrotown
2 bd
2 ba
1,183 sqft
Built 1990

About This Property

The Metropolitan- located in one of the Burnaby's most sought-after location. This Spacious home offers 2 bdrm/2 bath, 1,183 sf of well-appointed living space. Primary bdrm easily accommodates a king bed &features a private ensuite & large closet, while the 2nd bdrm offer flexibility for guests, or office. The open LR/ DR & kitchen areas provide plenty of…

Features

Garden
Balcony
Garage Under Building
Front Access
Concrete
Shopping Nearby
Room measurements6 rooms
Living RoomMain · 16'7 × 20'1
Dining RoomMain · 11'9 × 15'2
KitchenMain · 11'5 × 12'4
Primary BedroomMain · 11'3 × 14'3
BedroomMain · 8'11 × 9'9
FoyerMain · 4' × 7'

Property Details

MLS NumberR3122967
Property TypeApartment/Condo
Bedrooms2
Bathrooms2
Square Feet1,183
Year Built1990
Parking Spaces1
HeatingBaseboard, Electric
Strata Fee$534.09/mo
StatusClosed
Listed ByOne Percent Realty Ltd.

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 $3,975
Mortgage payment$3,203
Strata fee$534
Property tax$188
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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