1809 5860 Olive Ave, Burnaby, BC V5H 2P4, Burnaby, BC, V5H 2P4, MLS® R3042408

Welcome to 1809 5860 Olive Avenue, a tranquil haven in the heart of Burnaby, BC, V5H 2P4, MLS® R3042408.

As we step into this charming property, you'll notice its proximity to top-notch educational institutions, including Chaffey-Burke Elementary School, rated 7.2/10, just 0.47 km away. Chaffey-Burke Elementary is a beloved school in the community, and families appreciate its emphasis on academic excellence and extracurricular activities.

Just down the road, you'll find Burnaby South Secondary School, located 2.44 km from this property, with a No Rating. Additionally, the nearby St. Mary's School, an independent elementary school, boasts a stellar rating of 9.4/10 and is just 1.88 km away. Deer Lake School, another independent secondary school, is 2.26 km from this address.

Safety and Security

Now, let's talk about the safety and security of the neighborhood. According to 2020 crime statistics from Statistics Canada, this area has a Below Average crime rate of 6,145.56, with a significant decrease of 11.13% in the total crime rate year-over-year. When it comes to drug-related offenses, the neighborhood has a Below Average rate of 126.78, with a 2.35% increase in the ranking year-over-year. Property crimes are considered Average, with a rating of 3,691.76 and a 9.522% decrease in property misconduct rates year-over-year.

Demographics and Lifestyle

This neighborhood is home to a diverse population, 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. The median household income is $47,531, which is Low compared to the British Columbia average. The median personal income is $23,644, also Low compared to the BC average.

Transit and Commuting

The convenience of public transportation is a significant advantage of this location. The closest bus station, Eastbound Kingsway @ Olive Ave, is just 0.09 km away from this property. You can easily access various parts of the city, making it an ideal choice for commuters.

Real Estate Context

The average value of dwellings in this neighborhood is $523,380, which is Above Average compared to other areas in British Columbia. Average owner payments are Below Average, with an average of $1,037 spent on dwellings. Tenants, on the other hand, pay an average of $1,255, which is Above Average compared to other cities.

Community and Amenities

This neighborhood offers a range of amenities, including parks, beaches, trails, and dog parks. You'll also find shopping malls, grocery stores, restaurants, coffee shops, and hospitals nearby. With 66.4% of the population renting, this area is a great choice for those looking for affordable housing options.