10 5528 148 St, Surrey, BC, MLS^® R3080959

Welcome to Panorama Ridge's Hidden Gem

Located at 10 5528 148 Street, Surrey, BC, this stunning property with MLS^® R3080959 is nestled in the heart of Panorama Ridge, a vibrant and diverse community that offers the perfect blend of urban convenience and small-town charm.

Education

As a parent, you'll be delighted to know that your child will attend some of the best schools in the area. Sullivan Elementary School, located just 1.33 km from this property, boasts a rating of 5.9/10 and is a popular choice among families. You'll also find Sullivan Heights Secondary School, rated No Rating, just 1.65 km away. For those seeking an alternative education, Regent Christian Academy, with a rating of 8.1/10, is just 2.26 km from this property.

Safety

The safety of your family is of utmost importance, and I'm happy to report that this area has an average crime rate compared to other Canadian cities. According to the 2020 crime statistics from Statistics Canada, there were 44,976 disturbance incidents in this neighbourhood, with an overall crime rate of 7,512.73 per 100,000 population. This is a reassuring statistic, especially when compared to other cities. The year-over-year change in the total crime rate is -12.05%, indicating a downward trend.

Demographics

This neighbourhood is a hub of activity, with a diverse population that reflects the best of Surrey's demographics. With 23% of residents holding a university certificate or degree, this area is above average in terms of education. The median household income is a respectable $97,728, while the median personal income is $33,830. This is a significant advantage, as it indicates a strong sense of community and economic stability.

Lifestyle Amenities

Panorama Ridge offers a plethora of lifestyle amenities that cater to all interests and ages. You'll find a variety of parks, beaches, and trails, perfect for outdoor enthusiasts. The nearby shopping malls, grocery stores, and restaurants provide a convenient and vibrant atmosphere, while the nearby coffee shops and cafes offer a welcoming space to relax and socialize.

Transit

Getting around is a breeze, thanks to the convenient proximity to major highways and public transportation. The Southbound 152 St @ Hwy 10 bus station is just 0.78 km away, providing easy access to Surrey's public transit system.

Real Estate Context

As of now, the average value of dwellings in this neighbourhood is $880,172, which is higher compared to other areas in British Columbia. With an average owner payment of $1,849, this area is a great investment opportunity. For those looking to rent, the average tenant payment is $1,206, which is above average compared to other cities.

Community

This neighbourhood is a tight-knit community, with 72.2% of families having children and 60.1% of residents being married or living common law. The average age of the population is 36.9, making it an ideal location for families and young professionals.

Unemployment Rate

The unemployment rate in this area is a low 5.3%, indicating a strong and stable economy.

Growth and Development

Panorama Ridge has experienced significant growth, with a population change of 39.7% between 2011 and 2016. This is a testament to the area's appeal and potential for future development.

In summary, 10 5528 148 Street, Surrey, BC, MLS^® R3080959, is a fantastic opportunity to own a piece of Panorama Ridge's vibrant community. With its excellent schools, safe environment, and diverse demographics, this property checks all the right boxes. Whether you're a family, young professional, or investor, this area offers a unique combination of urban convenience and small-town charm.