3406 5938 Olive Ave, Burnaby, BC, MLS® R3030740

Welcome to 3406 5938 Olive Avenue, a beautiful home in the heart of Burnaby, BC! As your trusted realtor, I'm excited to share with you the wonderful features of this property and the amazing community it's nestled in.

This home is serviced by Chaffey-Burke Elementary School, a highly rated institution with a 7.2/10 rating. The property is conveniently located just 0.53 km from the school, making it an ideal choice for families. In fact, Burnaby South Secondary School, also located nearby, has a No Rating, but its proximity to the home is a definite plus. For families who prefer a private education, St. Mary's School is the closest independent elementary school, with a stellar 9.4/10 rating and a short 1.82 km distance from the property.

According to the latest crime statistics from Statistics Canada (2020), this neighborhood has a Below Average crime rate of 6,145.56 incidents per 100,000 population. In fact, the overall crime rate in this area is significantly lower than the national average. With a -11.13% year-over-year decrease in crime rates, this neighborhood is a safe and secure place to live.

This community is a hub of activity, with 41.1% of residents holding a university certificate or degree – a High level of education compared to other BC neighborhoods. In contrast, 8.3% of the population has no certificate or degree, which is a Low percentage compared to the average in BC. With a median household income of $47,531, this neighborhood is considered Low compared to the British Columbia average.

Getting around is a breeze with the Eastbound Kingsway @ Olive Ave bus station just 0.14 km away from the property. With 66.4% of the population relying on public transportation, this neighborhood is well-connected to the rest of Burnaby and beyond.

This area is a treasure trove of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. With an average dwelling value of $523,380, this neighborhood is Above Average compared to other areas in British Columbia.

As a realtor, I'm delighted to report that the average owner payments in this area are Below Average, with owners spending an average of $1,037 per month. Meanwhile, tenants are paying $1,255 per month, which is Above Average compared to other cities. With 66.4% of the population renting, this neighborhood is a great option for those who prefer to rent.

While 5.6% of the population speaks both English and French, this is a Below Average percentage. However, 86.3% of residents speak only English, which is also Below Average. Interestingly, 8% of the population speaks neither English nor French, which is a High percentage compared to other BC cities.

Getting to work is a breeze, with 49.3% of the population relying on public transportation, 39.3% using cars, 0.5% using bicycles, and 9.1% walking. This neighborhood is well-connected to the rest of Burnaby and beyond.

In conclusion, 3406 5938 Olive Avenue is a fantastic property in a wonderful community. With its proximity to excellent schools, safe and secure neighborhood, and abundance of lifestyle amenities, this home is a great choice for families, professionals, and anyone looking for a convenient and comfortable living experience. As your trusted realtor, I'd be delighted to show you around this property and answer any questions you may have. Contact me today to schedule a viewing!

MLS® R3030740