2306 5885 Olive Ave, Burnaby, BC, MLS® R3021290

$870,000
Est. Mortgage /mo

$870,000
$880,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
2 Beds
2 Baths
1 Stories
$ 522.33 Maint. Fee
1180 sqft
1990 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

2306 5885 Olive Ave, Burnaby, BC | MLS® R3021290 Property Details

The Metropolitan Sub-penthouse (23/F) with spectacular panoramic views of the Downtown Vancouver, North Shore & Burnaby. It was developed by famous Intrawest Development (currently know as Intracorp). Steps to Patterson Skytrain & Central Park. Walk to Crystal Mall, Save-on-Foods & Metrotown. This unit has been extremely well kept by the owner with new kitchen updated in 2020. A great bonus is the large balcony where you can enjoy the sunset & fireworks. Amenities that add value are the Gym, recreation room, indoor pool, hot tub & sauna. The building finished Exterior paint & maintenance in 2013, Re-piping 2011, Elevator modernization 2022, Roof Deck replacement 2023. Virtual Tour: https://my.matterport.com/show/?m=6H23W84QbWw&veal

General Info

Price $850,000
Total Bedrooms 2
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1180
Lot Size -
Lot Size Depth Feet
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1990
Age Of Building 35
Building Type Apartment/Condo
Property Type Residential
Architecture Style Other
Stories 1
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Amenities Exercise Centre, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS # R3021290
Area Burnaby South
Neighbourhood Metrotown
City Burnaby
Gross Taxes $2,232.75
Ownership Type Freehold Strata
Maintenance Fee $522.33
Community Features Shopping Nearby
Amenities Nearby Exercise Centre, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Baseboard, Electric

Utilities

Utility Type Electricity Connected
Utility Sewer Public Sewer
Water (WaterSource) Public

Parking

Parking Type Underground, Lane Access, Concrete
Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions Yes With Restrictions
Rental Restrictions -
Zoning RM5
Rental Suites -
Laundry In Unit
# of Kitchens 1
Flooring Wall/Wall/Mixed, Carpet
Foundation Concrete Perimeter
Locker 1
View 1
View Description PANORAMIC: DOWNTOWN/NORTHSHORE
Units In Development -
Exterior Features Balcony
Sewer Public Sewer
Roof Other

Property History

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Status Date Price
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Listed by: Sutton Group-West Coast Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary
Burnaby South Secondary School
2.54 km
No Rating
Elementary
Chaffey-Burke Elementary School
Above Average
0.46 km
Rating 7.2/10
Secondary
Moscrop Secondary School
1.37 km
No Rating

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St.Mary's School
1.8 km
Rating 9.4/10
Elementary, Secondary
Deer Lake School
2.27 km
No Rating

Closest Transit

Translink
Westbound Kingsway @ Barker Ave
0.07 km

Welcome to 2306 5885 Olive Avenue in the heart of Burnaby, BC - a vibrant and diverse community with a lot to offer. As your trusted realtor, I'm excited to share with you the charms of this beautiful neighborhood and the exciting features of this property.

First, let's talk about the schools. Chaffey-Burke Elementary School, located just 0.46 km from this property, has a rating of 7.2/10. Families love this area because of the excellent education options, and this school is no exception. With a strong reputation for academic excellence, Chaffey-Burke Elementary is a top choice for parents.

Of course, Burnaby South Secondary School is also within walking distance, with a rating of No Rating. While the rating may not be available, this school is still a popular choice for students in the area.

But what about independent schools? If you're looking for a unique educational experience, the closest independent elementary school is St. Mary's School, with a rating of 9.4/10. Located just 1.8 km from this property, St. Mary's offers a co-educational program for students from kindergarten to grade 7.

As for secondary independent schools, Deer Lake School is the closest option, with a rating of No Rating. Located 2.27 km from this property, Deer Lake offers a unique learning experience for students in grades 8 to 12.

Now, let's talk about safety. The freshest crime data from Statistics Canada are from 2020, and according to the report, there were 15,851 violation disturbances in this neighborhood. The overall crime rate near 2306 5885 Olive Avenue is 6,145.56, which is Below Average compared to other Canadian cities. This is great news for families and individuals looking for a safe and secure community.

But what about specific types of crime? According to the data, the drug crime rate is Below Average, with a rating of 126.78. There were 327 illegal substances lawbreaking disturbances in this city in 2020, and the year-by-year change in the illegal substances offences ranking is 2.35%.

Property crimes are also relatively low in this neighborhood, with a rating of Average. According to the data, there were 9,522 property misconduct disturbances in this neighborhood in 2020, and the year-by-year change in the property misconduct rate is -17.54%.

Finally, let's talk about violent crime. According to the data, there were 2,304 violent lawbreaking disorders in 2020, with a rate of 893.28. This is a Low rate compared to other BC municipalities, and the year-by-year change in the violent crime rate is -5.51%.

Now, let's talk about transportation. The closest bus station is Westbound Kingsway @ Barker Ave, located just 0.07 km away from this property. With regular bus service and easy access to major highways, getting around is a breeze.

Demographically, this neighborhood is diverse and vibrant. According to the data, 41.1% of people with a university certificate or degree live in this neighborhood, which is High compared to other BC neighborhoods. Meanwhile, 8.3% of the population in this neighborhood have no certificate or degree, which is Low compared to the average in BC.

In terms of income, the median household income near this dwelling is $47,531, which is Low compared to the British Columbia average. The median personal income near this dwelling is $23,644, which is also Low compared to the BC average. Additionally, 38.9% of households in this neighborhood have a mortgage, which is Low compared to other neighborhoods.

Unemployment rates are also relatively low in this area, with an unemployment rate of 8.7%. This is Average compared to other province neighborhoods.

In terms of population growth, this neighborhood has seen an Average rate of 0.5% between 2011 and 2016. This is comparable to the average growth rate of this region.

Finally, let's talk about the community. With a population density per square kilometer of 13,933.5, this neighborhood is one of the most densely populated areas in British Columbia. However, the average size of families in this area is 2.6, which is Low compared to the whole region.

In terms of lifestyle amenities, this neighborhood has plenty to offer. There are several parks and beaches within walking distance, as well as a variety of shopping malls, grocery stores, restaurants, and coffee shops. Additionally, the nearby Metrotown area offers a wide range of amenities, including a large shopping center and a variety of restaurants and entertainment options.

As for real estate, the average value of dwellings in this neighborhood is $523,380, which is Above Average compared to other areas in British

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $870,000
Burnaby $780,057
Metrotown $809,925
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
Call or Text Now!
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