4022 Farrington St, Burnaby, BC, MLS® R3021355

$899,000
Est. Mortgage /mo

$899,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
5 Beds
3 Baths
2 Stories
lot 6230 sqft
2429 sqft
1969 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

4022 Farrington St, Burnaby, BC | MLS® R3021355 Property Details

This is to sell 29.6488% of the total property interest, representing the middle unit of a proposed three-unit row house. The property is under subdivision application. The buyer must enter into a construction contract with a designated builder, pay the construction costs, and agree to the construction schedule. The existing house will be demolished soon after subdivision is approved. The row house unit to be constructed will be approximately 2,870 sq. ft. including the sun deck, plus an additional 589 sq.ft. laneway house. The total construction area will be approximately 3,459 sq.ft. The row house unit and the laneway house can be converted into up to five rental units. This is a great investment opportunity in an excellent location - close to transit, schools, Metrotown, shopping, parks

General Info

Price $899,000
Total Bedrooms 5
Total Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 2429
Lot Size 6230
Lot Size Depth Feet
Lot Size Frontage 70
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1969
Age Of Building 56
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R3021355
Area Burnaby South
Neighbourhood Central Park BS
City Burnaby
Gross Taxes $5,903.23
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Forced Air

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer
Water (WaterSource) Public

Parking

Parking Type Carport Multiple
Total Parking Spaces 4

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Strata Restrictions -
Rental Restrictions -
Zoning R1
Rental Suites -
# of Kitchens 2
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Sewer Public Sewer

Property History

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Status Date Price
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Listed by: Magsen Realty Inc.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Elementary
École Inman Elementary
Average
0.33 km
Rating 6.3/10
Secondary
Moscrop Secondary School
1.11 km
No Rating

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St.Mary's School
1.35 km
Rating 9.4/10
Secondary
Whytecliff Agile Learning Centre (Burnaby)
2.03 km
No Rating

Closest Transit

Translink
Northbound Patterson Ave @ Bond St
0.14 km

Welcome to the vibrant community of 4022 Farrington Street, Burnaby, BC, where you'll find a perfect blend of convenience, comfort, and lifestyle amenities. As we walk through this charming neighborhood, I'd like to share with you some of the exciting features that make this area so desirable.

First, let's talk about education. The property at 4022 Farrington Street is serviced by École Inman Elementary, which boasts a rating of 6.3/10. As a parent, you'll appreciate the school's proximity, just 0.33 km away from your doorstep. Moscrop Secondary School is also within reach, with a rating of No Rating, and located 1.11 km from the property.

For families who value education, you'll be pleased to know that St. Mary's School, an independent elementary school with a stellar rating of 9.4/10, is just 1.35 km away. Whytecliff Agile Learning Centre (Burnaby), a secondary independent school with No Rating, is also nearby, located 2.03 km from the property.

Now, let's discuss safety. According to the latest crime statistics from Statistics Canada (2020), this neighborhood boasts a Below Average crime rate of 6,145.56, with a year-over-year change of -11.13%. You'll feel secure knowing that your family is protected from crime. Additionally, the drug crime rate is also Below Average, with a rating of 126.78 and a year-over-year change of 2.35%.

In terms of property crimes, this neighborhood has an Average rating of 3,691.76, with 9,522 incidents reported in 2020. The year-over-year change is -17.54%. You can rest assured that your property is safe from property misconduct. Lastly, the violent crime rate is Low, with 893.28 incidents reported in 2020, and a year-over-year change of -5.51%.

As we explore the community, you'll notice that the closest Bus station is Northbound Patterson Ave @ Bond St, just 0.14 km away from the property with MLS® R3021355.

Demographically, this neighborhood is a hub for families. A staggering 36.4% of residents hold a university certificate or degree, making it a High percentage compared to other BC neighborhoods. On the other hand, 14.6% of the population has no certificate or degree, which is Below Average compared to the average in BC.

Economically, the median household income near 4022 Farrington Street, Burnaby, BC is $53,056, which is Below Average compared to the British Columbia average. The median personal income is $27,950, also Below Average in comparison to the BC average. However, 58.5% of households in this census subdivision have a mortgage, which is Average.

Unemployment rates in the area are also noteworthy. With a rate of 6.2%, this neighborhood has a Below Average unemployment rate compared to other province neighborhoods.

As we take a closer look at the community, you'll notice that the population change between 2011 and 2016 was 7.1%, Above Average in comparison to average growth rate of this region. The population density per square kilometre is 7,994.4, which is High.

Family dynamics are also an interesting aspect of this neighborhood. The average size of families is 2.7, which is Below Average in comparison to the whole region. However, 62.5% of families have children, making it Above Average. Married or living common-law couples account for 50.9% of the population, which is Below Average.

Lastly, let's discuss the real estate landscape. The average value of dwellings in this neighborhood is $649,707, which is High compared to other areas in British Columbia. Average owner payments are Above Average, with $1,353 spent on average for the dwelling. Tenants pay $1,020 on average, making it Average compared to other cities. With 35.7% of the population renting, this neighborhood is Above Average compared to other BC cities and areas.

As we come to the end of our tour, I hope you've gained a deeper appreciation for the community surrounding 4022 Farrington Street, Burnaby, BC, and the MLS listing R3021355. This charming neighborhood offers the perfect blend of convenience, comfort, and lifestyle amenities, making it an ideal place to call home.

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $899,000
Burnaby $1,680,000
Central Park BS No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
Call or Text Now!
Thank you Your message has been sent

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