5938 Olive Avenue, Burnaby
Developer: Polygon Homes
Sales Status: Preselling
Introduction
2705 5938 Olive Avenue in Burnaby: Metrotown Condo for sale in "Perla" (Burnaby South) : MLS®# R3142661
2705 5938 Olive Avenue
Burnaby
V5H 0M6
$1,118,900Residential- Status:
Active
- MLS® Num:
- R3142661
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 864 sq. ft.
Welcome to Perla by Polygon – stylish parkside apartment homes in the heart of Metrotown! Designed by dys architecture, this 39-storey tower creates a sense of sophistication with clean lines and bold accents. Featuring a prime location, Perla is a short walk from Metropolis at Metrotown, the SkyTrain network as well as various shops, restaurants and services. This SE-facing corner home comes with a lot of designer details, and a junior third bedroom with a window (which also makes a great home office!) A walk-in closet with custom drawers and lighting in the main bedroom helps keep your wardrobe organized. More details
Listed by Polygon Realty Limited
- MIKE STEWART
- Oakwyn Realty Downtown Ltd.
- 604-763-3136
Contact by Email
1101 5938 Olive Avenue in Burnaby: Metrotown Condo for sale in "Perla" (Burnaby South) : MLS®# R3142665
1101 5938 Olive Avenue
Burnaby
V5H 0M6
$1,090,900Residential- Status:
Active
- MLS® Num:
- R3142665
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 850 sq. ft.
Perla by Polygon – a distinctive concrete tower located in the heart of Metrotown, just a stone’ s throw from Central Park and Metropolis at Metrotown. At the top of the stylish tower, the Perla sky lounge awaits with an entire floor of meticulously crafted indoor and outdoor entertainment spaces. This SW corner home features a generous wrap-around deck for outdoor living. The sleek kitchen boasts Fulgor Milano appliances and a central island that doubles as a space-saving dining table. As Polygon’ s first TELUS Residential Smart Building, this home comes complete with keyless entry, smart home automation, smart parcel lockers and more. More details
Listed by Polygon Realty Limited- MIKE STEWART
- Oakwyn Realty Downtown Ltd.
- 604-763-3136
Contact by Email
1702 5938 Olive Avenue in Burnaby: Metrotown Condo for sale in "Perla" (Burnaby South) : MLS®# R3142668
1702 5938 Olive Avenue
Burnaby
V5H 0M6
$1,046,900Residential- Status:
Active
- MLS® Num:
- R3142668
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 802 sq. ft.
Designed by dys architecture, Perla by Polygon is a collection of stylish apartment homes in the heart of Metrotown. This Central Park facing corner home features air-conditioned interiors, 9′ ceilings, a well-appointed kitchen with Fulgar Milano appliances, a spa-inspired ensuite and more. A walk-in closet with custom drawers and lighting in the main bedroom helps keep your wardrobe organized. Building concierge takes care of the fine details for you. A secure parcel delivery system in the lobby makes receiving packages hassle-free. At the top of the tower, the Perla sky lounge awaits with an entire floor of meticulously crafted indoor and outdoor entertainment spaces. More details
Listed by Polygon Realty Limited- MIKE STEWART
- Oakwyn Realty Downtown Ltd.
- 604-763-3136
Contact by Email
208 5938 Olive Avenue in Burnaby: Metrotown Condo for sale in "Perla" (Burnaby South) : MLS®# R3141595
208 5938 Olive Avenue
Burnaby
V5H 0M6
$1,249,900Residential- Status:
Active
- MLS® Num:
- R3141595
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 1,130 sq. ft.
A very limited collection of 3 bedroom homes at Perla by Polygon. There are only 4 homes like this in the whole tower! This south-facing residence boasts generous living and dining spaces, along with a 40-ft wide deck for outdoor living. The large ensuite features dual sinks and a spa-shower. Enjoy five-star grandeur at the extensive spa-inspired amenities, including a serene Jacuzzi and fully equipped fitness centre and more. The roof-top Perla sky lounge also awaits with an outdoor deck, a fireside social room with an adjoining catering kitchen, and a private dining room. More details
Listed by Polygon Realty Limited- MIKE STEWART
- Oakwyn Realty Downtown Ltd.
- 604-763-3136
Contact by Email
201 5938 Olive Avenue in Burnaby: Metrotown Condo for sale in "Perla" (Burnaby South) : MLS®# R3141600
201 5938 Olive Avenue
Burnaby
V5H 0M6
$989,900Residential- Status:
Active
- MLS® Num:
- R3141600
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 850 sq. ft.
Perla by Polygon – a distinctive concrete tower located in the heart of Metrotown, just a stone’s throw from Central Park and Metropolis at Metrotown. At the top of the stylish tower, the Perla sky lounge awaits with an entire floor of meticulously crafted indoor and outdoor entertainment spaces. This SW corner home features a generous wrap-around deck for outdoor living. The sleek kitchen boasts Fulgor Milano appliances and a central island that doubles as a space-saving dining table. As Polygon’s first TELUS Residential Smart Building, this home comes complete with keyless entry, smart home automation, smart parcel lockers and more. More details
Listed by Polygon Realty Limited- MIKE STEWART
- Oakwyn Realty Downtown Ltd.
- 604-763-3136
Contact by Email
Perla by Polygon Homes – 5938 Olive Avenue, Burnaby
Perla by Polygon Homes is a presale condominium tower rising at 5938 Olive Avenue in Burnaby’s Central Park East neighbourhood, within the Metrotown district. Designed by dys architecture, the 39-storey concrete tower will hold 335 homes, from one-bedroom apartments to three-bedroom penthouses, alongside a collection of townhomes. Polygon expects to complete construction in fall 2027. Buyers researching Metro Vancouver condos for sale will find Perla positioned steps from Patterson SkyTrain Station and Central Park, with direct transit access to downtown Vancouver.
Location and SkyTrain Access
Perla sits at the edge of Central Park, Burnaby’s 212-acre urban green space known for its walking trails, outdoor pool, and pitch-and-putt course. Patterson Station on the Expo Line is a short walk away, putting downtown Vancouver roughly 20 minutes by train. Metropolis at Metrotown, one of the largest shopping complexes in British Columbia, sits a few minutes further east, alongside a dense cluster of restaurants and everyday services. For anyone comparing downtown Vancouver condo listings against suburban alternatives, Perla’s transit access narrows that gap considerably.
Floor Plans for Perla
Polygon has released one, two, and three-bedroom layouts ranging from roughly 536 to over 1,300 square feet, along with select townhomes and penthouses. Plans with two or more bedrooms include a five-burner gas cooktop, integrated dishwasher, and a refrigerator built into custom cabinetry. Buyers can request Polygon’s feature sheet for unit-specific details, since final floor plans and pricing are still being released in phases as the presale progresses.
Interiors
Homes at Perla come in three designer colour palettes — Earl Grey, Chai Latte, and White Cocoa — paired with premium laminate flooring throughout. Kitchens feature engineered stone countertops with a full-height backsplash, custom cabinetry in natural wood, matte white, or matte grey tones, and brushed nickel hardware with soft-close drawers. Main bedrooms include a walk-in closet with built-in organization and lighting. A heat pump system handles both heating and cooling in every suite, a feature not always standard in older Vancouver real estate stock.
Amenities in the Building
Perla’s amenity package spans more than 20,000 square feet. At the top of the tower, the Perla Lounge occupies an entire floor, with a private dining hall, catering kitchen, billiards room, fireside social room, and an outdoor deck with panoramic views. Ground-level amenities include a spa-inspired fitness studio, a plunge pool, and a sauna. As Polygon’s first TELUS Residential Smart Building, Perla will also include keyless entry, smart home automation, and smart parcel lockers.
Airbnb & Short-Term Rental Policy
Burnaby falls under British Columbia’s Short-Term Rental Accommodations Act, which restricts short-term rentals to a host’s principal residence in municipalities over 10,000 people. The City of Burnaby also requires its own business licence for short-term rentals, along with a letter of permission from the strata council. In practice, this means a unit at Perla could not be operated as a pure investment Airbnb; short-term rental would only be permitted if the owner lives there as their principal residence and secures both a municipal licence and strata approval. Buyers should confirm current rules with the City of Burnaby and Perla’s strata council once bylaws are finalized, since presale buildings often set their own rental restrictions ahead of occupancy.
Presale Strata Maintenance Fee Estimate
Strata maintenance fees for Perla have not yet been published by Polygon. As with most presale developments, an official estimate typically isn’t released until closer to occupancy. Buyers should treat any third-party estimate with caution and confirm directly with the developer once disclosure documents are available.
Developer Information
Perla was developed by Polygon Homes, a Metro Vancouver-based real estate developer known for concrete high-rises and wood-frame communities across the Lower Mainland since 1980.
Other Polygon Homes projects featured on VancouverNewCondos.com include:
- Onyx by Polygon Homes – Burnaby
- Exeter Hall by Polygon Homes – Vancouver West Side
- Talistar by Polygon Homes – Richmond
- Arterra by Polygon Homes – North Vancouver
Completion Date for 5938 Olive Avenue
Perla is expected to complete in fall 2027, according to Polygon’s current construction timeline.
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