Building Name: Olive
5318 Kingsway
Developer: Porte Homes
Sales Status: Preselling
Introduction
Olive by Porte Homes is a presale at 5318 Kingsway in Burnaby, two 6-storey woodframe buildings sitting one short walk from Royal Oak Station on the Expo Line. The plan calls for 75 homes, from studios up to 3-bed layouts, with 17 of those built as adaptable homes. There is also about 7,250 sq ft of ground-floor commercial planned along Kingsway.
Olive by Porte at 5318 Kingsway Burnaby
The walk to Royal Oak is about 500 m, roughly 7 minutes on Google Maps. From the platform you are on a single Expo Line ride into downtown Vancouver, with a typical run to Waterfront in the mid-20-minute range, and a similar trip the other direction toward King George in Surrey. If you commute, that station proximity is the headline.
A Quieter Alternative to Metrotown
Royal Oak is the quieter cousin to Metrotown. You get the same access without sitting under the towers. Save-On-Foods at Royal Oak handles the weekly grocery run. Royal Oak Park is around the corner for green space, and Edmonds Community Centre with its pool and gym is a short ride or walk south. For families, Suncrest Elementary and Burnaby South Secondary are the catchment schools to check. Restaurants along Edmonds and Shaughnessy give you ramen, sushi, and pho without driving to Metrotown.
Porte Homes has been building in Metro Vancouver since 1968. Their portfolio includes Latitude on Cambie in Vancouver and Hartley in Surrey, plus rental and commercial properties they own and manage long term. That hold-and-manage approach tends to mean the buildings are constructed to last, not flipped at completion.
Amenities and Building Features
Inside the buildings, Olive by Porte Homes keeps the amenity package tight rather than oversized. There is a fitness space on Level 1, a lounge with adjacent patio on Level 2, and rooftop terraces on top of each of the two buildings. The parkade holds 103 vehicle stalls, every one pre-wired for EV charging, plus 172 bike spaces. That bike count is high relative to the unit count, which fits the location near the Central Valley Greenway.
A note on timing. Olive by Porte Homes was originally announced to complete in spring 2025. By May 2026, the project is at or near completion, but the precise current sales status, remaining inventory, and any move-in dates need to be verified directly with Porte. If you are looking at Olive presale floor plans and pricing today, ask the sales team for the latest availability sheet and a confirmed possession schedule. Final-phase homes in a near-complete building behave differently than early presale, the deposit structure, GST treatment, and assignment rules can all shift.
Why Buyers Are Looking at Olive by Porte Homes
For buyers who want a Royal Oak address with rooftop access and Expo Line at the door, Olive is one of the few presale options on this stretch of Kingsway. Comparables in the area include Koen by Beedie and other Royal Oak mid-rises, but Olive sits closer to the station than most. The 2-bed and 3-bed plans are worth a look if you want something larger than a studio without paying Metrotown tower pricing.
Ask for current pricing, the latest floor plans, deposit terms, and whether there are any incentives tied to the final-phase units. Olive is a small project at 75 homes, so when the unit you want is gone, it is gone. Royal Oak Station, Expo Line, Porte Homes, presale Burnaby, that is the short version.