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501 5885 Olive Avenue
Metrotown Burnaby V5H 4N8

$738,000
Residential beds: 2 baths: 2.0 1,183 sq. ft. built: 1990

Main Photo: 501 5885 Olive Avenue in Burnaby: Metrotown Condo for sale (Burnaby South)  : MLS®# R3113590
Status:
Active
Prop. Type:
Residential
MLS® Num:
R3113590
Bedrooms:
2
Bathrooms:
2
Year Built:
1990
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.
Property Type:
Residential
Dwelling Type:
Apartment/Condo
Home Style:
One Level
Ownership:
Freehold Strata
Common Interest:
Condominium
Manufactured Type:
Year built:
1990 (Age: 36)
Living Area:
1,183 sq. ft.
Floor Area - Unfinished:
Floor Area - Detached 2nd Residence:
Building Area - Total:
1,183 sq. ft.
Levels:
One
Rainscreen:
Bedrooms:
2 (Above Grd: 2)
Bathrooms:
2.0 (Full:2/Half:0)
Kitchens:
Rooms:
Taxes:
$2,280.38 / 2025
Exposure / Faces:
Rear Yard Exposure:
Outdoor Area:
Balcony
Pad Rental:
# or % of Rentals Allowed:
Water Supply:
Plan:
NWS3355
Construction Materials:
Concrete, Brick (Exterior), Concrete (Exterior), Mixed (Exterior)
Foundation:
Basement:
Full Height:
Crawl Height:
Roof:
No. Floor Levels:
1.0
Floor Finish:
Floor Area Fin - Above Grade:
Floor Area Fin - Above Main:
0 sq. ft.
Floor Area Fin - Above Main 2:
0 sq. ft.
Floor Area Fin - Main:
1,183 sq. ft.
Floor Area Fin - Below Main:
Floor Area Fin - Below Grade:
Floor Area Fin - Basement:
Floor Area Fin - Total:
1,183 sq. ft.
Heating:
Fireplaces:
0
Parking Features:
Underground, Garage Door Opener
Parking:
Underground
# Of Parking Spaces - Total:
# Of Covered Spaces:
Parking Total/Covered:
1 / 1
Pool Features:
Indoor
Flood Plain:
Suite:
Storage
Balcony
Indoor Pool, Wheelchair Access, Laundry In Unit, Recreation Facilities, Sauna/Steam Room, Storage
Recreation Facilities, Sauna/Steam Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management
Fire Sprinkler System
Wheelchair Access
2
Intercom, Garage Door Opener, Window Coverings, Fire Sprinkler System
Indoor Pool, Dishwasher, Refrigerator, Wheelchair Access, Laundry In Unit, Sauna/Steam Room, Storage
Washer/Dryer, Dishwasher, Disposal, Refrigerator, Stove
Intercom
In Unit
Window Coverings
Floor
Type
Size
Other
Main
Main
Main
Main
Main
Main
Floor
Ensuite
Pieces
Other
Main
Main
Council Approval:
Income Per Annum:
Oper. Expenses:
Net Operating Income:
Association Fee:
$534.09
Age Restrictions:
No
By-Law Restrictions:
Pets Allowed With Restrictions
Dist to Public Trans:
Dist to School Bus:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Pets Allowed:
Yes With Restrictions
Home Owners Association:
Yes
Previous Price:
Original Price:
Land Lease:
No
Zoning:
Access to property:
Utilities:
Electricity Connected
Telephone Service:
Fencing:
Sewer:
Public Sewer
Plumbing Details:
Sketch Attached:
Restrictions:
  • Photo 1: 501 5885 Olive Avenue in Burnaby: Metrotown Condo for sale (Burnaby South)  : MLS®# R3113590
    Photo 1 of 1
Listed by Sutton Group - Vancouver First Realty
Data was last updated April 20, 2026 at 11:35 PM (UTC)
Area Statistics
Listings on market:
360
Avg list price:
$807,500
Min list price:
$38,800
Max list price:
$3,999,900
Avg days on market:
47
Min days on market:
4
Max days on market:
766
Avg price per sq.ft.:
$997.63
These statistics are generated based on the current listing's property type and located in Metrotown. Average values are derived using median calculations. This data is not produced by the MLS® system.
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.