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Building & Condo Information

The Metropolitan5885 Olive Building

5885 Olive Ave.

Burnaby, BC V5H 4N8

  • Levels25
  • Suites132
  • StatusCompleted
  • Built1990
  • Title to LandFreehold Strata
  • Strata PlanNWS3355
  • ConstructionConcrete
  • AreaBurnaby South
  • NeighbourhoodMetrotown
$724,500Avg Asking
4Sold (1yr)
$741,275Avg Sold
$617Avg $/Sqft

Overview

The Metropolitan - 5885 Olive Avenue, Burnaby V5H 4N8, NWS3355 - Situated in the Metrotown area of Burnaby South, one block away from Kingsway. Marketplace IGA, various convenience stores, fresh food markets, coffee shops, banks, pharmacies and medical centres are located within less than a kilometre. Between Willingdon and Oak, Metrotown abounds with hundreds of retail opportunities, specialty services, department stores, food courts and cinemas. There are excellent restaurants in the neighborhood including Earls, Boston Pizza, Pizza Hut, various Greek, Chinese and Japanese restaurants; and several pubs. Central Park is across the street. Dr. H. N. MacCorkindale, Graham D. Bruce Elementary schools, Killarney and Windermere High Schools are a short busride away. Transit links including busses and Patterson Skytrain located within walking distance, provide an easy commute to neighboring city centers and Downtown Vancouver. Highway 1 provides quick access to North Vancouver, Whistler, and Canada Provinces.

The Metropolitan - built in 1991, consists of 132 condos featuring 9ft. ceilings, floor-to-ceiling windows, spacious living areas and bedrooms, in-suite laundries, balconies, storage and parking. Amenities include exercise room, hot tub, sauna, indoor pool. Maintenance fees include caretaker, garbage pickup, gardening, hot water and management. 

The Metopolitan - central location, abundance of amenities, amazing views - make it yours today!

 

Les Twarog
Les Twarog & Team
RE/MAX Crest Realty · Your The Metropolitan specialist
Questions on a listing, a private showing, or what your unit is worth? Talk to the team that knows this building.

For Sale in The Metropolitan & Complex

DateAddressStatusBedBathPriceSqftDOMStrata FeeTaxListed By
2026-03-02 905 5885 Olive Ave. Active 2 2 $760,000 ($697/sf) 1090 $469 $2135 (2025) Royal Pacific Realty Corp.
2026-07-10 1206 5885 Olive Ave. Active 2 2 $748,000 ($635/sf) 1178 $609 $2322 (2025) RE/MAX City Realty
2026-08-25 1706 5885 Olive Ave. Active 2 2 $738,000 ($626/sf) 1178 $609 $2382 (2025) Royal LePage Sussex
2026-07-13 1106 5885 Olive Ave. Active 2 2 $730,000 ($620/sf) 1177 $609 $2322 (2025) TRG The Residential Group Realty
2026-07-20 2002 5885 Olive Ave. Active 2 2 $688,000 ($556/sf) 1237 $640 $2245 (2025) RE/MAX Crest Realty
2026-04-20 501 5885 Olive Ave. Active 2 2 $683,000 ($577/sf) 1183 $534 $2280 (2025) Sutton Group - Vancouver First Realty
Avg$724,5001174

The Metropolitan Sold History (last 24 months)

Sold DateAddressBedBathSqftAskingSold PriceDOMStrata FeeTaxListed By
2026-05-18 202 5885 Olive Ave. 2 2 1183 $700,000 $700,000 ($592/sf) $534 $2257 (2025) One Percent Realty Ltd.
2026-03-29 1804 5885 Olive Ave. 2 2 1208 $798,000 $775,000 ($642/sf) $522 $2325 (2025) Behroyan & Associates Real Estate Services
2025-11-20 702 5885 Olive Ave. 2 2 1237 $719,900 $690,000 ($558/sf) $555 $2146 (2025) RE/MAX Select Realty
2025-09-11 2306 5885 Olive Ave. 2 2 1180 $850,000 $800,100 ($678/sf) $522 $2233 (2024) Sutton Group-West Coast Realty
2025-06-17 2201 5885 Olive Ave. 2 2 1201 $958,000 $890,000 ($741/sf) $522 $2230 (2024) Royal Regal Realty Ltd.
2025-05-05 801 5885 Olive Ave. 2 2 1204 $798,000 $788,000 ($654/sf) $522 $2165 (2024) RE/MAX Crest Realty
2025-04-29 2202 5885 Olive Ave. 2 2 1240 $950,000 $855,000 ($690/sf) $548 $2142 (2024) Royal Regal Realty Ltd.
2025-02-04 604 5885 Olive Ave. 2 2 1193 $768,000 $768,000 ($644/sf) $512 $2114 Oakwyn Realty Ltd.
2024-10-04 1806 5885 Olive Ave. 2 2 1180 $778,000 $740,000 ($627/sf) $512 $2134 (2023) Dracco Pacific Realty
2024-09-30 1504 5885 Olive Ave. 2 2 1156 $750,000 $725,000 ($627/sf) $501 $2082 (2023)

Sold data from the MLS® feed for strata plan NWS3355. Showing the last 24 months by default; expand for up to 80 recent sales.

The Metropolitan Market Summary

The Metropolitan at 5885 Olive Ave. — currently 6 active listings averaging $724,500. In the past year 4 units sold at an average of $741,275.

Active Listings6
Avg Asking Price$724,500
Sold (1 Year)4
Avg Sold Price$741,275
Avg $/Sqft$617

Value & Financing

Price Positioning
$619 /sq ft
Active listings here average $619/sf vs $894/sf across Metrotown.
31% below area average
Mortgage Snapshot
$3,271 /mo
Entry price (from)$683,000
20% down payment$136,600
Rate / amortization5.24% · 25 yr
Estimate only — not a lending offer. Rate illustrative; confirm with your mortgage advisor.

Market Reports

Live market intelligence for this building's segments — active inventory, medians, ranges & trends. Opens in a new tab.

📊 Burnaby Condo Market Reports
Market data by RealtySuite

Property Documents

Location, Street View & Aerial

Street View⤢ Expand

Amenities / Features

Club House
Elevator
In Suite Laundry
Pool; Indoor
Recreation Center
Storage

Maintenance Fees Include

Caretaker
Garbage Pickup
Gardening
Hot Water
Management
Recreation Facility

Location / Site Influences

Shopping Nearby
Garden
Balcony
Central Location
Near Golf Course
Recreation Nearby

Construction & Development

ConstructionConcrete
Exterior FinishConcrete
RoofOther
FoundationConcrete Perimeter
Rain ScreenNo
DeveloperIntrawest Development Corporation
Management CompanyFirst Service Residential

Strata Information

Strata PlanNWS3355
Building TypeStrata Condos
Title to LandFreehold Strata
Units in Strata132
Units in Development132
Management CompanyFIRST SERVICE RESIDENTIAL — 604-683-8900
Bylaws / RestrictionsPETS ALLOWED W/REST.,RENTALS ALLOWED W/RESTRICTIONS
Parking / StorageGarage; Underground

Frequently Asked Questions — The Metropolitan

What year was The Metropolitan built?
The Metropolitan was built in 1990.
How many units are in The Metropolitan?
The Metropolitan has 132 strata units across 25 levels.
What amenities does The Metropolitan offer?
CLUB HOUSE, ELEVATOR, IN SUITE LAUNDRY, POOL; INDOOR, RECREATION CENTER, STORAGE.
Is The Metropolitan pet-friendly, and what are the bylaws?
The Metropolitan bylaws/restrictions: PETS ALLOWED W/REST.,RENTALS ALLOWED W/RESTRICTIONS.
Who is the property manager for The Metropolitan?
The Metropolitan is managed by FIRST SERVICE RESIDENTIAL, 604-683-8900.
What is the strata plan number for The Metropolitan?
The strata plan number for The Metropolitan is NWS3355.
Is The Metropolitan freehold or leasehold?
The Metropolitan is FREEHOLD STRATA.
Where is The Metropolitan located?
The Metropolitan is located at 5885 Olive Ave. in Burnaby South, Burnaby.
How is the real estate market at The Metropolitan?
In the past year 4 units sold at The Metropolitan, averaging $741,275; there are currently 6 active listings for sale.

Listings for Sale Near The Metropolitan 🔎 MLS® Search »

Active listings nearby80
Average price$946,286
From$349,999
Up to$5,200,000
Summary — 50 nearest listings
AddressBedBathSqftPrice
501 5885 Olive Ave. 221183 $683,000
2002 5885 Olive Ave. 221237 $688,000
1106 5885 Olive Ave. 221177 $730,000
1206 5885 Olive Ave. 221178 $748,000
1706 5885 Olive Ave. 221178 $738,000
905 5885 Olive Ave. 221090 $760,000
605 5848 Olive Ave. 221182 $849,000
3204 5987 Wilson Ave. 22870 $969,000
2807 5883 Barker Ave. 22930 $899,800
2705 5938 Olive Ave. 32864 $1,118,900
Photos
501 5885 OLIVE AVENUE $683,000 501 5885 Olive Ave. · 2bd/2ba · 1183sf 2002 5885 OLIVE AVENUE $688,000 2002 5885 Olive Ave. · 2bd/2ba · 1237sf 1106 5885 OLIVE AVENUE $730,000 1106 5885 Olive Ave. · 2bd/2ba · 1177sf 1206 5885 OLIVE AVENUE $748,000 1206 5885 Olive Ave. · 2bd/2ba · 1178sf 1706 5885 OLIVE AVENUE $738,000 1706 5885 Olive Ave. · 2bd/2ba · 1178sf 905 5885 OLIVE AVENUE $760,000 905 5885 Olive Ave. · 2bd/2ba · 1090sf 605 5848 OLIVE AVENUE $849,000 605 5848 Olive Ave. · 2bd/2ba · 1182sf 3204 5987 WILSON AVENUE $969,000 3204 5987 Wilson Ave. · 2bd/2ba · 870sf 2807 5883 BARKER AVENUE $899,800 2807 5883 Barker Ave. · 2bd/2ba · 930sf 2705 5938 OLIVE AVENUE $1,118,900 2705 5938 Olive Ave. · 3bd/2ba · 864sf

The Metropolitan Area Map 🔍 Open larger map ↗