1107 5860 Olive Ave, Burnaby, BC, MLS^® R3073276

Experience the Best of Burnaby with 1107 5860 Olive Avenue

As you step into the vibrant community of Burnaby, you'll discover the charm and convenience of 1107 5860 Olive Avenue, a stunning property listed as MLS^® R3073276. This exceptional home is perfectly situated in the heart of Metrotown, offering easy access to top-rated schools, reliable transit options, and an array of lifestyle amenities.

Education is a Top Priority in Burnaby

Parents and students alike will appreciate the proximity to Chaffey-Burke Elementary School, rated 7.2/10, and located a mere 0.47 km from 1107 5860 Olive Avenue, Burnaby, BC. This school is part of the highly regarded Burnaby School District, which consistently ranks among the top in the province. For older students, Burnaby South Secondary School is just 2.44 km away, providing a seamless transition to high school education.

In addition to public schools, families may also consider the following independent schools:

• St. Mary's School, a highly rated elementary school with a rating of 9.4/10, is located 1.89 km from 1107 5860 Olive Avenue.
• Deer Lake School, a secondary independent school, is situated 2.26 km from this home and offers a unique learning experience.

A Safe and Secure Community

According to Statistics Canada's 2020 report, the neighbourhood surrounding 1107 5860 Olive Avenue, Burnaby, BC has a below-average crime rate, with 6,145.56 incidents per 100,000 population. This is significantly lower than the national average. Specifically, the property crime rate is average, while the drug crime rate is below average, and the violent crime rate is low.

Demographics and Lifestyle

Burnaby is a diverse city with a strong sense of community. As of the 2020 census, 41.1% of residents in this neighbourhood hold a university certificate or degree, which is higher than the provincial average. Conversely, 8.3% of the population has no certificate or degree, which is lower than the average in BC.

The median household income in this area is $47,531, which is lower than the British Columbia average. However, the median personal income is $23,644, also below the provincial average. It's worth noting that 38.9% of households in this area have a mortgage, which is lower than the average in BC.

Transit and Commuting

Convenience is a hallmark of life in Burnaby. The closest bus station, Eastbound Kingsway @ Olive Ave, is a mere 0.09 km from 1107 5860 Olive Avenue, making public transportation easily accessible. With a population density of 13,933.5 people per square kilometre, this area is bustling with activity.

Average Age and Family Size

The average age of the population in this area is 40.9 years, which is average compared to other BC cities. Furthermore, the average family size is 2.6 people, which is lower than the regional average. However, 56.1% of families in this area have children, which is average.

Housing Market and Affordability

The average value of dwellings in this neighbourhood is $523,380, which is above average compared to other areas in British Columbia. Average owner payments are below average, with homeowners spending $1,037 on average for their dwellings. Tenants, on the other hand, pay $1,255 on average, which is above average.

Population and Transportation

A significant 66.4% of the population in this area are renters, which is higher than the average in BC. Furthermore, 49.3% of residents use public transport, 39.3% use cars, 0.5% use bicycles, and 9.1% walk, making this neighbourhood a convenient and environmentally friendly place to live.

Discover the Best of Burnaby at 1107 5860 Olive Avenue

With its prime location, top-rated schools, and convenient access to transit options, 1107 5860 Olive Avenue is the perfect home for those seeking a vibrant and connected lifestyle in Burnaby. Contact me, your trusted realtor, to schedule a viewing and make this property your dream home today!