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Building & Condo Information

The Sonnet5848 Olive Building

5848 Olive Ave.

Burnaby, BC V5H 4V6

  • Levels15
  • Suites66
  • StatusCompleted
  • Built1999
  • Title to LandFreehold Strata
  • Strata PlanLMS3856
  • ConstructionConcrete
  • AreaBurnaby South
  • NeighbourhoodMetrotown
$849,000Avg Asking
2Sold (1yr)
$712,500Avg Sold
$688Avg $/Sqft

Overview

The Sonnett - 5848 Olive Avenue, Burnaby V5H 4V6, LMS3856 - 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.

Built in 1999, The Sonnett consists of 66 modern condos featuring functional floorplans, floor-to-ceiling windows, balconies, mountain views, in-suite laundries, storage and secure parking. Building has party room and large patio garden. Maintenance fees include garbage pickup, gardening, hot water and management. 

The Sonnett - central to a wide variety of urban amenities - move to this sough-after neighbourhood today! 

 

Les Twarog
Les Twarog & Team
RE/MAX Crest Realty · Your The Sonnet 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 Sonnet & Complex

DateAddressStatusBedBathPriceSqftDOMStrata FeeTaxListed By
2026-08-26 605 5848 Olive Ave. Active 2 2 $849,000 ($718/sf) 1182 $598 $2540 (2026) Grand Central Realty

The Sonnet Sold History (last 24 months)

Sold DateAddressBedBathSqftAskingSold PriceDOMStrata FeeTaxListed By
2026-04-27 803 5848 Olive Ave. 2 2 935 $698,000 $675,000 ($722/sf) $475 $2045 (2025) RE/MAX Crest Realty
2026-01-28 801 5848 Olive Ave. 2 2 1146 $750,000 $750,000 ($654/sf) $589 $2349 (2025) Macdonald Realty

Sold data from the MLS® feed for strata plan LMS3856. Showing the last 24 months by default; expand for up to 80 recent sales.

The Sonnet Market Summary

The Sonnet at 5848 Olive Ave. — currently 1 active listing averaging $849,000. In the past year 2 units sold at an average of $712,500.

Active Listings1
Avg Asking Price$849,000
Sold (1 Year)2
Avg Sold Price$712,500
Avg $/Sqft$688

Value & Financing

Price Positioning
$718 /sq ft
Active listings here average $718/sf vs $894/sf across Metrotown.
20% below area average
Mortgage Snapshot
$4,066 /mo
Entry price (from)$849,000
20% down payment$169,800
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

None

Maintenance Fees Include

Garbage Pickup
Gardening
Hot Water
Management

Location / Site Influences

Shopping Nearby
Garden
Balcony
Central Location
Recreation Nearby

Construction & Development

ConstructionConcrete
Exterior FinishConcrete
RoofOther
FoundationConcrete Perimeter
Rain ScreenNo
DeveloperAppia Group
Management CompanyAscent Real Estate Management Corporation

Strata Information

Strata PlanLMS3856
Building TypeStrata
Title to LandFreehold Strata
Units in Strata66
Units in Development66
Management CompanyAscent Real Estate Management — 604-431-1800
Bylaws / RestrictionsPETS ALLOWED W/REST.,RENTALS ALLOWED W/RESTRICTIONS
Parking / StorageGarage; Underground

Frequently Asked Questions — The Sonnet

What year was The Sonnet built?
The Sonnet was built in 1999.
How many units are in The Sonnet?
The Sonnet has 66 strata units across 15 levels.
What amenities does The Sonnet offer?
NONE.
Is The Sonnet pet-friendly, and what are the bylaws?
The Sonnet bylaws/restrictions: PETS ALLOWED W/REST.,RENTALS ALLOWED W/RESTRICTIONS.
Who is the property manager for The Sonnet?
The Sonnet is managed by Ascent Real Estate Management, 604-431-1800.
What is the strata plan number for The Sonnet?
The strata plan number for The Sonnet is LMS3856.
Is The Sonnet freehold or leasehold?
The Sonnet is FREEHOLD STRATA.
Where is The Sonnet located?
The Sonnet is located at 5848 Olive Ave. in Burnaby South, Burnaby.
How is the real estate market at The Sonnet?
In the past year 2 units sold at The Sonnet, averaging $712,500; there is currently 1 active listing for sale.

Listings for Sale Near The Sonnet 🔎 MLS® Search »

Active listings nearby80
Average price$948,024
From$349,999
Up to$5,200,000
Summary — 50 nearest listings
AddressBedBathSqftPrice
605 5848 Olive Ave. 221182 $849,000
501 5885 Olive Ave. 221183 $683,000
1206 5885 Olive Ave. 221178 $748,000
2002 5885 Olive Ave. 221237 $688,000
1106 5885 Olive Ave. 221177 $730,000
1706 5885 Olive Ave. 221178 $738,000
905 5885 Olive Ave. 221090 $760,000
700 5967 Wilson Ave. 221233 $749,000
602 5987 Wilson Ave. 22781 $799,000
3905 5987 Wilson Ave. 11520 $635,000
Photos
605 5848 OLIVE AVENUE $849,000 605 5848 Olive Ave. · 2bd/2ba · 1182sf 501 5885 OLIVE AVENUE $683,000 501 5885 Olive Ave. · 2bd/2ba · 1183sf 1206 5885 OLIVE AVENUE $748,000 1206 5885 Olive Ave. · 2bd/2ba · 1178sf 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 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 700 5967 WILSON AVENUE $749,000 700 5967 Wilson Ave. · 2bd/2ba · 1233sf 602 5987 WILSON AVENUE $799,000 602 5987 Wilson Ave. · 2bd/2ba · 781sf 3905 5987 WILSON AVENUE $635,000 3905 5987 Wilson Ave. · 1bd/1ba · 520sf

The Sonnet Area Map 🔍 Open larger map ↗