2806 4168 Lougheed Hwy, Burnaby, BC, MLS^® R3075857

Welcome to 2806 4168 Lougheed Highway, a beautiful home for sale in the heart of Burnaby, BC.

Schools:

Just a short 0.74 km from your new home, you'll find Kitchener Elementary School, which boasts a rating of 6.9/10. This esteemed institution provides a solid foundation for young learners, and its proximity to your new home makes it an ideal choice for families. In addition to Kitchener Elementary, Alpha Secondary School is also nearby, located 1.54 km from your address, with a rating of No Rating. For those seeking a faith-based education, Holy Cross Elementary School, rated 10/10, is just 1.65 km away. Whytecliff Agile Learning Centre (Burnaby), an independent secondary school, rounds out the options, located 1.56 km from your home.

Safety:

According to the latest crime statistics from Statistics Canada (2020), this neighbourhood has a Below Average crime rate, with 6,145.56 incidents per 100,000 population. This is significantly lower than the national average. To give you a better sense of the safety, the drug crime rate is also Below Average, with 126.78 incidents, and the property crime rate is Average, with 3,691.76 incidents. Violent crime rates are Low, with 893.28 incidents, making this area a haven for those seeking peace of mind.

Demographics:

The population of this area is a diverse blend of young professionals, families, and long-time residents. With 36.7% of the population holding a university certificate or degree, this neighbourhood boasts a high level of education. Conversely, 9.5% of the population has no certificate or degree, which is lower than the average in BC. The median household income is $69,646, which is Average, while the median personal income is $36,313, also Average. The unemployment rate is 6.3%, which is Below Average.

Transit:

Your daily commute will be a breeze, thanks to the numerous transit options available in the area. The closest bus station, Westbound Lougheed Hwy @ Gilmore Ave, is just 0.14 km away. Many residents rely on public transportation, with 26.5% of the population using buses, while 65.4% drive their own vehicles. This area is a great option for those who want to leave their cars behind, with 1.1% of residents biking and 5.9% walking.

Lifestyle Amenities:

This welcoming community offers an array of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. With an average dwelling value of $709,307, this area is a sought-after destination for those seeking a comfortable lifestyle.

Real Estate Context:

With 60% of households owning their homes, this area is Average in terms of homeownership. The average owner payment is Above Average, with $1,445 spent on dwellings. Tenants pay an average of $1,475, which is also High. 27.1% of the population rents, making this area Average in terms of rental rates.

Community Vibes:

The population density in this area is 4,093.6 people per square kilometre, which is High. The average family size is 2.6, which is Low. 49.7% of families have children, making this area Below Average. The average age of the population is 42.1, which is Average.

Investment Potential:

As a savvy investor, you'll appreciate the High average value of dwellings in this area, $709,307. With Above Average owner payments and High tenant rates, this area offers significant investment potential.

In conclusion, 2806 4168 Lougheed Highway, Burnaby, BC, MLS# R3075857, is a fantastic opportunity to own a beautiful home in a safe, diverse, and vibrant community. With its excellent schools, low crime rates, and abundance of lifestyle amenities, this area is sure to delight you and your loved ones. Contact me today to schedule a viewing and make this property your dream home!