2202 2355 Madison Ave, Burnaby, BC V5C 0B3, Burnaby, BC, V5C 0B3, MLS® R3046829

Insider's Guide to 2202 2355 Madison Avenue, Burnaby, BC V5C 0B3

Welcome to 2202 2355 Madison Avenue in the heart of Burnaby, BC! As a seasoned realtor with a passion for this community, I'm thrilled to give you an insider's tour of what makes this home special.

Education

Let's start with the schools. The property is serviced by Kitchener Elementary School, with a rating of 6.9/10 and located just 1.12 km away. This school is a gem in the neighborhood, with a strong focus on academic excellence and community values. Families love this area because of its excellent schools, and you can see why.

Just down the road, you'll find Alpha Secondary School, with a rating of no rating available, located 1.65 km from the property. And for those looking for a private education option, Holy Cross Elementary School is the closest independent elementary school, with a stellar rating of 10/10, just 1.56 km away.

For secondary education, Whytecliff Agile Learning Centre (Burnaby) is the closest independent secondary school, with a rating of no rating available, located 1.45 km from the property.

Safety

Now, let's talk about safety. According to Statistics Canada's 2020 report, the neighborhood surrounding 2202 2355 Madison Avenue has a below-average crime rate, with 15,851 disturbances reported in the area. To put that into perspective, the overall crime rate in this neighborhood is 6,145.56 incidents per 100,000 population, which is significantly lower than the national average.

In terms of specific types of crime, the neighborhood has a below-average rate of drug-related offenses, with 126.78 incidents per 100,000 population. Property crimes, on the other hand, are average, with 3,691.76 incidents per 100,000 population. And when it comes to violent crimes, the neighborhood has a low rate, with 893.28 incidents per 100,000 population.

Demographics

So, who lives in this neighborhood? According to the latest census data, 36.7% of residents hold a university certificate or degree, which is high compared to other areas in British Columbia. In fact, 9.5% of residents have no certificate or degree, which is low compared to the average in BC.

In terms of household income, the median household income in the neighborhood is $69,646, which is average compared to the British Columbia average. And when it comes to mortgage rates, 60% of households in the neighborhood have a mortgage, which is average.

Transit and Lifestyle

Now, let's talk about transportation. The closest bus station is Eastbound Lougheed Hwy @ Madison Ave, just 0.38 km away from the property. And if you're driving, you'll appreciate the convenient access to major highways.

But it's not all about commuting – this neighborhood has plenty to offer in terms of lifestyle amenities. You'll find plenty of parks, beaches, trails, and dog parks to enjoy. And with shopping malls, grocery stores, restaurants, and coffee shops nearby, you'll never be far from what you need.

Real Estate Context

Finally, let's talk about the real estate context. The average dwelling value in the neighborhood is $709,307, which is high compared to other areas in British Columbia. And when it comes to owner payments, the average owner payment is above average, with owners spending an average of $1,445 per month on their dwellings.

In terms of renting, tenants in the neighborhood pay an average of $1,475 per month, which is high compared to other cities.

Population and Age

The neighborhood has a high population density, with 4,093.6 people per square kilometer. And when it comes to family size, the average size of families in the neighborhood is 2.6, which is low compared to the whole region.

In terms of age, the average age of the population in the neighborhood is 42.1, which is average compared to other BC cities.

Unemployment and Growth

According to the latest data, the unemployment rate in the neighborhood is 6.3%, which is below average compared to other provinces. And when it comes to growth, the neighborhood has seen a high rate of population change between 2011 and 2016, with a growth rate of 20.5%.

Language and Transportation

In terms of language, 4.8% of the population in the neighborhood speaks neither English nor French, which is high compared to other BC cities. And when it comes to transportation, 26.5% of the population uses public transport, which is high, while 65.4% use cars,