Burnaby · V5H 4N8
$3,509/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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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.
Buy / sell history for Unit 501 – 5885 Olive Avenue, Burnaby (Apartment/Condo)
2
Beds
1,183 ft²
Floor area
1990
Year built
Apartment/Condo
Type
Burnaby South
Area
Estimate
Unit 501 – 5885 Olive Avenue, Burnaby (Apartment/Condo)
Estimated value
?Estimated rent
?Rental yield
?School
iGrowth
iRental
iA few details are member-only
Room-by-room dimensions, the level-by-level area split, construction & systems, zoning, PID and legal. Free to reveal with an account.
Space & layout
Finished area
1,183ft²
Level-by-level split
MemberRoom by room
Main floor
Living Room
Kitchen
Dining Room
Primary Bedroom
Basement
Bedroom
Recreation Room
Construction & systems
Construction
Foundation
Roof
Flooring
Water
Sewer
Utilities
Lot, zoning & legal
Zoning
Legal description
Nearby & Commute
7 min
walk to Save-On-Foods
1 min
bike to Patterson
4 min
walk to Patterson
23 min
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Condo / Apartment · 56%
| Condo / Apartment | 496 | 56.2% |
| Detached | 233 | 26.4% |
| Townhouse | 77 | 8.7% |
| Duplex | 39 | 4.4% |
| Half-duplex | 26 | 2.9% |
| Other | 11 | 1.2% |
| Under $5,000 | 2,800 | 2.8% |
| $5,000 to $9,999 | 1,060 | 1.0% |
| $10,000 to $14,999 | 1,185 | 1.2% |
| $15,000 to $19,999 | 2,240 | 2.2% |
| $20,000 to $24,999 | 4,410 | 4.4% |
| $25,000 to $29,999 | 3,110 | 3.1% |
| $30,000 to $34,999 | 3,235 | 3.2% |
| $35,000 to $39,999 | 3,770 | 3.7% |
| $40,000 to $44,999 | 3,560 | 3.5% |
| $45,000 to $49,999 | 3,495 | 3.5% |
| $50,000 to $59,999 | 6,970 | 6.9% |
| $60,000 to $69,999 | 6,545 | 6.5% |
| $70,000 to $79,999 | 6,440 | 6.4% |
| $80,000 to $89,999 | 6,075 | 6.0% |
| $90,000 to $99,999 | 5,375 | 5.3% |
| $100,000 to $124,999 | 11,460 | 11.3% |
| $125,000 to $149,999 | 8,430 | 8.3% |
| $150,000 to $199,999 | 10,550 | 10.4% |
| $200,000 and over | 10,430 | 10.3% |
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A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$3,509
Principal and interest
Calculated estimate
$3,159
Property tax
Calculated estimate
$200/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$683,000
Down payment
Calculated estimate
$136,600 (20%)
Estimated mortgage
Calculated estimate
$546,400
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Original list price
$717,150
Mortgage estimate
Metro averages
Est. monthly total
$3,509
/mo
Rate
%
Amortization
Principal and interest
$3,159
Property tax (est.)
$200
P&I
Tax
Down payment
$136,600 (20%)
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Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $136,600 down (20%) on $683,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
At 2.9775 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Daily mean across the year.
On the drier side for BC.
Snow is the exception here.
Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
