1205 5860 Olive Ave, Burnaby, BC, MLS® R3049559

Welcome to 1205 5860 Olive Avenue, a wonderful property located in the heart of Burnaby, BC, V5H 2P4, and proudly listed as MLS® R3049559. As we walk through this charming community, I'll share with you the unique features and highlights that make this neighborhood so special.

Education

Just down the road, you'll find Chaffey-Burke Elementary School, a highly rated institution with a 7.2/10 rating, located just 0.47 km from this property with MLS® R3049559. Families love this area because of its excellent schools, and Chaffey-Burke Elementary School is no exception. This elementary school is just one of the many great educational options in the area, and I'm happy to report that Burnaby South Secondary School, another highly rated institution, is also nearby, located 2.44 km from this property.

For those interested in independent schools, St. Mary's School is just 1.89 km from this home for sale, and boasts an impressive 9.4/10 rating. Deer Lake School, another independent secondary school, is also nearby, located 2.26 km from this property.

Safety

As we talk about safety, I'd like to mention that the crime rate in this neighborhood is below average compared to other Canadian cities, according to the latest statistics from Statistics Canada (2020). With a crime rate of 6,145.56 incidents per 100,000 population, this area is considered safe and secure. In fact, the year-over-year change in the total crime rate is a notable -11.13%, indicating a decrease in crime over time.

Demographics

This neighborhood is a vibrant and diverse community, with 41.1% of residents holding a university certificate or degree, which is high compared to other BC neighborhoods. On the other hand, 8.3% of the population has no certificate or degree, which is low compared to the average in BC.

In terms of income, the median household income in this area is $47,531, which is low compared to the British Columbia average. However, the median personal income is $23,644, which is also low compared to the BC average. Interestingly, 38.9% of households in this census subdivision are mortgaged, which is low compared to other areas.

Lifestyle Amenities

This neighborhood is surrounded by a variety of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, coffee shops, and hospitals. With a high population density of 13,933.5 people per square kilometer, this area is bustling with activity and offers a variety of options for residents to enjoy.

Real Estate Context

According to the latest data, the average value of dwellings in this neighborhood is $523,380, which is above average compared to other areas in British Columbia. With an average owner payment of $1,037, this area is below average in terms of owner payments. On the other hand, tenants are paying $1,255 in this district, which is above average compared to other cities.

Transportation

As we talk about transportation, I'd like to mention that the closest bus station is just 0.09 km away from this property with MLS® R3049559, making it easy to get around without a car. In fact, 49.3% of the population in this area uses public transport, which is high compared to other areas.

Community

This neighborhood is a dynamic and growing community, with a population change of 0.5% between 2011 and 2016, which is average compared to other areas in the region. With an average family size of 2.6 people, this area is considered low compared to other regions. However, 56.1% of families in this area have children, which is average. Interestingly, 53.2% of residents are married or living common law, which is below average.

Age and Education

The average age of the population in this area is 40.9 years, which is average compared to other BC cities. With a high level of education, this area is a great place to raise a family and enjoy a variety of lifestyle amenities.

Why Buy Here?

So, why buy in this neighborhood? With its excellent schools, below-average crime rate, and a variety of lifestyle amenities, this area is a great place to call home. Whether you're looking for a safe and secure community or a vibrant and diverse area to raise a family, 1205 5860 Olive Avenue is a great option to consider.

And, as your trusted realtor, I can offer you expert advice and guidance throughout the buying process. Contact me today to schedule a viewing and make 1205 5860 Olive