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$683,000

501 5885 OLIVE AVENUE

Burnaby BC V5H 4N8 - Metrotown

2 bd

2 ba

1,183 sqft

Built 1990

About This Property

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…

Features

Storage

Balcony

Underground

Garage Door Opener

Room measurements6 rooms▸

Living RoomMain · 17' × 16'6

Dining RoomMain · 10'6 × 8'

KitchenMain · 13' × 12'

LaundryMain · 3' × 3'

BedroomMain · 12'6 × 10'

Primary BedroomMain · 15'6 × 12'

Property Details

MLS NumberR3113590

Property TypeApartment/Condo

Bedrooms2

Bathrooms2

Square Feet1,183

Year Built1990

Parking Spaces1

HeatingElectric

Strata Fee$534.09/mo

Days on Market125

StatusActive

Listed BySutton Group - Vancouver First Realty

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 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