The Metropolitan
The Metropolitan photo 2
The Metropolitan photo 3
Buildings›Metrotown›The Metropolitan
132 Units25 StoreysBuilt 1990CONCRETE7 Active

The Metropolitan — 5885 OLIVE AVE, Metrotown, Burnaby, BC

25-storey concrete highrise in the heart of Burnaby's Metrotown neighbourhood
Avg Sold Price
$704K
Avg $/sq ft
$703,750
Avg Days on Market
14d
Sold Price Trend
4 recorded sales, $690K (2025-11) → $650K (2026-08) -5.8%

Homes For Sale (7)

ListedUnit / AddressBedsBathsPriceTier$/sqftSqftDOMStrata FeeTaxListed By
Apr 20, 26501 5885 OLIVE AVENUE22$683,000Lowest$5771,183165d$534/mo$2,280/yrSutton Group - Vanco…
Jul 13, 261106 5885 OLIVE AVENUE22$688,000$5851,17781d$609/mo$2,322/yrTRG The Residential …
Jul 10, 261206 5885 OLIVE AVENUE22$706,000$5991,17884d$609/mo$2,322/yrRE/MAX City Realty
Aug 28, 26805 5885 OLIVE AVENUE22$720,000$6591,09335d$558/mo$2,129/yrSelmak Realty Limite…
Aug 25, 261706 5885 OLIVE AVENUE22$738,000$6261,17838d$609/mo$2,524/yrRoyal LePage Sussex
Sep 24, 26905 5885 OLIVE AVENUE22$760,000$6971,0908d$469/mo$2,135/yrRoyal Pacific Realty…
Sep 2, 262301 5885 OLIVE AVENUE22$1,188,000Top-Tier$9981,19030d$522/mo$1,729/yrComFree
Median (7 units)$720,000$6261,17838d$558/mo$2,280/yr

Sold History at The Metropolitan

2 units have sold at The Metropolitan in the past 6 months, with an average sale price of $703,750 ($703,750/sq ft).

DateUnit / AddressBedsBathsvs AskingSold Price$/sqftSqftDOMStrata FeeTaxListed By
Aug 13, 262002 5885 OLIVE AVENUE22View →View Sold Price →—1,23724d$640/mo$2,245/yrRE/MAX Crest Realty
May 18, 26202 5885 OLIVE AVENUE22View →View Sold Price →—1,1836d$534/mo$2,257/yrOne Percent Realty L…
Mar 29, 261804 5885 OLIVE AVENUE22View →View Sold Price →—1,2083d$522/mo$2,325/yrBehroyan & Associate…
Nov 20, 25702 5885 OLIVE AVENUE22View →View Sold Price →—1,23721d$555/mo$2,146/yrRE/MAX Select Realty
Median (4 units)———1,22314d$545/mo$2,251/yr
What's your unit at The Metropolitan worth?
2 units sold here in the past 6 months, averaging $703,750 in 14 days. Get a free, no-obligation valuation based on what's actually selling in this building.
Market Summary

There are currently 7 active homes for sale at The Metropolitan at 5885 OLIVE AVE, ranging from $683K to $1.19M. Recent sold units have averaged $704K, selling in about 14 days on average (≈$703,750/sq ft). The Metropolitan is a concrete building of 132 units built in 1990 located in Metrotown.

Building Details

Address5885 OLIVE AVE, Burnaby
Total Units132
Units in Strata132
Storeys25
Year Built1990
ConstructionCONCRETE
Strata PlanNWS3355
Pet PolicyNo pets permitted

About This Building

The Metropolitan is a 25-storey concrete highrise strata condominium located at 5885 Olive Avenue in the Metrotown neighbourhood of Burnaby, BC. Built in 1990 under Strata Plan NWS3355, the building contains 132 suites and offers a solid range of amenities including an indoor pool, recreation centre, club house, storage, and in-suite laundry — a notable feature for a building of this vintage. Elevators serve all storeys. Monthly strata fees cover caretaker services, garbage pickup, gardening, hot water, management, and use of the recreation facility, which reduces the number of separate utility costs residents need to manage. The strata does not permit pets, so prospective buyers should review the current bylaws carefully before purchasing. Rentals are allowed with restrictions, making the building of potential interest to investors as well as owner-occupiers. The Metropolitan is a well-established mid-sized highrise in one of Burnaby's most walkable and transit-connected areas.

Location & Neighbourhood

Metrotown is one of the most transit-accessible neighbourhoods in Metro Vancouver, with Metrotown Station on the SkyTrain Expo Line just a short walk from 5885 Olive Avenue, providing direct service to downtown Vancouver and Surrey. Metropolis at Metrotown — one of the largest shopping centres in BC — is nearby, along with Central Park, which offers walking trails, sports facilities, and green space on the border of Burnaby and Vancouver. The area is well served by schools, restaurants, and everyday amenities, making it a practical choice for a wide range of buyers.

Building Market Stats

Avg Asking Price
$783K
Sold in 6 Months
2 units
Avg Sold Price
$704K
Avg $/SqFt
$703,750
Avg DOM
14 days
Sale-to-List
96.9%

Amenities & Bylaws

Bylaw Restrictions

PetsNot Permitted
No pets permitted
RentalsAllowed
PETS ALLOWED W/REST.,RENTALS ALLOWED W/RESTRICTIONS
Short-Term RentalsCheck Bylaws
Confirm with strata before listing short-term.

Amenities

✓CLUB HOUSE
✓ELEVATOR
✓IN SUITE LAUNDRY
✓POOL
✓INDOOR
✓RECREATION CENTER
✓STORAGE

Features

✓9ft. ceilings
✓Floor-to-ceiling windows
✓Spacious living areas and bedrooms
✓In-suite laundries
✓Balconies
✓Storage
✓Parking
✓Exercise room
✓Hot tub
✓Sauna
✓Indoor pool

Strata Fee Includes

✓CARETAKER
✓GARBAGE PICKUP
✓GARDENING
✓HOT WATER
✓MANAGEMENT
✓RECREATION FACILITY

Strata Information

Financial Health

Strata Plan No.NWS3355
Contingency Reserve FundContact agent for details
CRF Per UnitContact agent for details
Special LeviesInquire with strata
Depreciation ReportAvailable on request

Management & Meetings

AGM ScheduleAnnual — contact strata
Council MembersElected owners
Insurance CoverageFull building replacement
Bylaw Last UpdatedContact strata for date
Note: Strata documents including full meeting minutes, the depreciation report, and bylaws are available to serious buyers upon request. Saeed can obtain and review these as part of your due diligence.

Quick Answers

What building is at 5885 OLIVE AVE?
The Metropolitan is the strata complex located at 5885 OLIVE AVE, Metrotown, Burnaby, BC. Built in 1990. It has 132 residential units.
Are pets allowed at The Metropolitan?
No. The strata bylaws at The Metropolitan do not permit pets.
How many units are in The Metropolitan?
The Metropolitan (5885 OLIVE AVE) has 132 residential units built in 1990. Strata Plan NWS3355.
When was The Metropolitan built?
The Metropolitan at 5885 OLIVE AVE was built in 1990. It is a concrete construction building.
What amenities does The Metropolitan have?
The Metropolitan amenities include: CLUB HOUSE, ELEVATOR, IN SUITE LAUNDRY, POOL, INDOOR, RECREATION CENTER, STORAGE.
What has sold at 5885 OLIVE AVE recently?
In the past 6 months, 2 units have sold at The Metropolitan, with an average sale price of $703,750.
What is the average sold price at The Metropolitan?
Recent units at The Metropolitan have sold for an average of $703,750, typically in 14 days on market.
Who is the best realtor to sell my unit at The Metropolitan?
The Metropolitan units have recently sold for an average of $703,750 in about 14 days. Saeed Farahani is a Metrotown specialist at Re/Max Crest Realty — contact Saeed for a free building valuation.
How long does it take to sell a unit at The Metropolitan?
Recent units at The Metropolitan have sold in an average of 14 days on market, with units typically selling at 96.9% of asking price.

Frequently Asked Questions

What is The Metropolitan?+
The Metropolitan is a 25-storey concrete highrise condominium strata at 5885 Olive Avenue in the Metrotown neighbourhood of Burnaby, BC. Built in 1990, it contains 132 suites and is registered under Strata Plan NWS3355.
Where is The Metropolitan located?+
The Metropolitan is located at 5885 Olive Avenue in the Metrotown neighbourhood of Burnaby, BC. The area is well connected by the SkyTrain Expo Line and is close to Metropolis at Metrotown and Central Park.
When was The Metropolitan built?+
The Metropolitan was built in 1990 and is constructed of concrete, which is typical of Burnaby highrise buildings from that era.
How many suites does The Metropolitan have?+
The Metropolitan contains 132 suites across 25 storeys.
What amenities does The Metropolitan have?+
Amenities at The Metropolitan include an indoor pool, recreation centre, club house, in-suite laundry, elevator, and storage. Monthly strata fees cover hot water, caretaker, gardening, garbage pickup, management, and access to the recreation facility.
What are the maintenance fees at The Metropolitan?+
Strata fees at The Metropolitan include caretaker services, garbage pickup, gardening, hot water, management, and use of the recreation facility. The specific monthly fee amount varies by suite — current listings can provide suite-specific strata fee figures.
Is The Metropolitan pet-friendly?+
No, The Metropolitan's strata bylaws do not permit pets. Prospective buyers who own or plan to own pets should review the current bylaws before making an offer.
Are rentals allowed at The Metropolitan?+
Rentals are permitted at The Metropolitan with restrictions. Buyers interested in renting out their suite should confirm the current rental cap and any applicable bylaw conditions with the strata or their realtor.
What is the price range at The Metropolitan?+
As of current active listings, suites at The Metropolitan are priced from $683,000 to $1,188,000 CAD. All active listings are two-bedroom suites.
What is the average sold price at The Metropolitan?+
Over the past 12 months, four suites sold at The Metropolitan at an average price of $703,750 CAD, with an average of 14 days on market. Market conditions can change, so current listing data is the best reference for up-to-date pricing.

Other Buildings in This Complex

Part of the THE METROPOLITAN complex — buildings share common neighbourhood amenities.
The Metropolitan
5885 Olive Avenue
Built
1990
Units
22
Active Now
7 homes
View Building

Mortgage Pre-Qualification

Buying in this building? Get pre-qualified in 4 quick steps.
Saeed Farahani
Saeed Farahani
Re/Max Crest Realty
778-883-3264
MORTGAGE HELP
Mortgage Pre-Qualification
Free · Confidential · Response within 6 hrs
About your purchase
Rough estimates are fine — we match you to the right lender.

Location

📍5885 OLIVE AVE, Burnaby, Burnaby, Metrotown, BCOpen in Google Maps →

What's Nearby

50/100
Walk Score
Somewhat Walkable
40/100
Transit Score
Some Transit
40/100
Bike Score
Some Biking

Scores are estimates based on local amenities and transit access. Actual walkability may vary.

🏫
Local Elementary School
Catchment school · < 1.5 km
🏫
Local Middle School
< 2 km
🏫
Local Secondary School
< 3 km
🏫
Nearby Private School
Independent option · < 5 km

Nearby Buildings

Building NameAddressStoreysBuiltActive
Onyx5860 Olive Avenue—2028—
Reign6263 Cassie Avenue382028—
Solhouse 6035 by Bosa6035 Wilson AVENUE502028—
Ethos6576 Marlborough Avenue342027—
6608 Sussex Avenue6608 Sussex Avenue—202613 homes
Nuvo6087 Wilson Avenue—202610 homes
6118 Irmin Street6118 Irmin Street—20263 homes
6136 Irmin Street6136 Irmin Street—20263 homes
Perla5938 Olive Avenue392026—
NUVO6075 Wilson AVENUE432026—
O2 Metrotown6620 Sussex AVENUE322026—
Riviera4988 Bennett Street—202511 homes

More Buildings in Metrotown

See all Metrotown buildings →
Saeed Farahani
Saeed Farahani
Re/Max Crest Realty
📍 5885 OLIVE AVE
Ask about The Metropolitan
Thinking of selling?
Saeed is the top-rated REALTOR® in Metrotown
Medallion Club · 5-star reviews · local expertise
See results & reviews →
Keep Exploring

Why work with Saeed

Real estate expertise you can count on — reach out any time.

Call 778-883-3264or send a message