5010 Lorraine Ave, Burnaby, BC | MLS^® R3051449 Property Details

Land Value only

Great tenants with great income for investors or builder. W facing 52x102 lot with backlane located in Unbeatable quiet Central Park neighbourhood, 1 blk east of Boundary Rd. Close to parks, easy access to Hwy #1, bus stops are 2 blocks away, 10 min walk to Joyce-Collingwood Station. Mins drive to BCIT, LaSalle College, Electronic Art, Central Park, Metrotown & Brentwood Town Centre shopping areas. Inman Elementary & Moscrop Secondary catchments. R1 Small-Scale Multi-Unit. Land Value with solid house. Biz license renewal annually. Approx. $5K/mo rental income. New roof 2021. Available showing schedule: Tue. & Thur. 1~2PM, Sun. 12~1PM. DON'T DISTURB TENANTS!

General Info

Price $1,750,000

Total Bedrooms 7

Total Bathrooms 2

Half Bathrooms 0

Floor Area Total (sqft) 2510

Lot Size 5304

Lot Size Depth Feet

Lot Size Frontage 52

Basement Finished

Basement Features BasementFeatures

Property Metrics

Year Built 1955

Age Of Building 70

Building Type Single Family Residence

Property Type Residential

Architecture Style Basement Entry

Stories 1

Appliances Included Refrigerator, Stove

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS^® # R3051449

Area Burnaby South

Neighbourhood Central Park BS

City Burnaby

Gross Taxes $6,312.87

Ownership Type Freehold NonStrata

Maintenance Fee -

Heating & Cooling

Fireplace 1

Heating Type Baseboard, Electric, Natural Gas

Utilities

Utility Type Electricity Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer

Water (WaterSource) Public

Parking

Parking Type Garage Double, Lane Access

Total Parking Spaces 2

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Strata Restrictions -

Rental Restrictions -

Zoning R1

Rental Suites None

Laundry In Unit

# of Kitchens 2

Flooring Hardwood, Other, Tile, Wall/Wall/Mixed

Foundation Concrete Perimeter

Locker -

View Description -

Units In Development -

Sewer Public Sewer, Sanitary Sewer

Roof Asphalt

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	18'8 x 18'8 ft
Main Level	Dining Room	10'11 x 10'11 ft
Main Level	Kitchen	12'0 x 12'0 ft
Main Level	Bedroom	13'0 x 13'0 ft
Main Level	Bedroom	13'1 x 13'1 ft
Main Level	Bedroom	10'5 x 10'5 ft
Main Level	Laundry	19'6 x 19'6 ft
Main Level	Foyer	16'9 x 16'9 ft
Basement Level	Bedroom	13'10 x 13'10 ft
Basement Level	Bedroom	14'1 x 14'1 ft
Basement Level	Bedroom	13'0 x 13'0 ft
Basement Level	Bedroom	13'1 x 13'1 ft
Basement Level	Kitchen	13'6 x 13'6 ft
Basement Level	Storage	8'5 x 8'5 ft

Listed by: Macdonald Realty

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

0.42 km

6.3/10

Secondary

Moscrop Secondary School

1.33 km

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

0.87 km

9.4/10

Excellent

Secondary

Whytecliff Agile Learning Centre (Burnaby)

1.6 km

Closest Transit

Bus Stop

Southbound Smith Ave @ Belleville Ave

0.16 km

Skytrain

Skytrain @ Joyce Stn

0.74 km

Noise/ Power Lines

Road/Hwy Noise

Unlikely

Railway/Sky train Noise

Unlikely

Airport/Port Noise

Unlikely

Close to major Power Lines

Unlikely

Other

Agricultural Land Reserve (ALR)

Unlikely

Flood Area

Unlikely

Close to Cemeteries

Unlikely

Welcome to 5010 Lorraine Avenue, a beautiful home in the heart of Burnaby, BC!

As we walk through this lovely community, I'd like to start by highlighting the excellent schools in the area. Located just 0.42 km from home, École Inman Elementary has a rating of 6.3/10. This school is a great option for families looking for a well-rounded education, and its proximity to our home makes it an ideal choice. (1)

Just down the road, you'll find Moscrop Secondary School, which has a rating of No Rating. While we don't have a rating for this school, its location is still a great advantage for families with older children. (2)

If you're looking for an independent school option, St. Mary's School is just 0.87 km from our home and has a rating of 9.4/10. This school offers a unique and personalized education experience that's sure to appeal to many families. (3)

Now, let's talk about the safety of our neighborhood. According to the latest crime statistics from Statistics Canada (2020), our area has a crime rate of 6,145.56, which is Below Average compared to other Canadian cities. This means that you can feel safe and secure in our community. (4)

In terms of specific crime rates, property crimes are Average, while drug crimes are Below Average. Violent crimes are also Low, with a rate of 893.28 per 100,000 population. (5)

As we explore the community, you'll notice that our neighborhood is well-connected to public transportation. The closest bus station is just 0.16 km away, making it easy to get around without a car. (6)

Now, let's take a look at the demographics of our community. We have a high percentage of university-educated residents (32.1%), which is Above Average compared to other BC neighborhoods. However, we also have a significant number of residents without a certificate or degree (15%), which is Below Average compared to the average in BC. (7)

In terms of income, the median household income in our area is $78,720, which is Above Average compared to the BC average. However, the median personal income is $27,166, which is Below Average. (8)

Our neighborhood is also home to a diverse range of residents, with 57.9% of households being married or living common law, which is Average compared to other BC cities. (9)

In terms of transportation, 27.4% of residents use public transport, which is High compared to other BC cities. However, 67.7% of residents use cars, which is Low. (10)

As for the real estate market, the average value of dwellings in our neighborhood is $1,439,747, which is High compared to other areas in British Columbia. The average owner payments are also High, with owners spending an average of $1,573 per month. Tenants are paying $1,138 per month, which is Above Average compared to other cities. (11)

Finally, 29.8% of our population are renters, which is Above Average compared to other BC cities and areas. (12)

As we conclude our tour of 5010 Lorraine Avenue, I hope you can see why this home is such a great option for anyone looking for a safe, convenient, and diverse community to call home. If you have any questions or would like to schedule a viewing, please don't hesitate to reach out.

MLS^® R3051449

5010 Lorraine Avenue, Burnaby, BC

(1) École Inman Elementary: 6.3/10 rating, 0.42 km from home

(2) Moscrop Secondary School: No Rating, 1.33 km fro home

(3) St. Mary's School: 9.4/10 rating, 0.87 km from home

(4) Crime rate: 6,145.56, Below Average compared to other Canadian cities

(5) Property crimes: Average, Drug crimes: Below Average, Violent crimes: Low

(6) Closest bus station: 0.16 km away

(7) University-educated residents: 32.1%, Above Average compared to other BC neighborhoods

(8) Median household income: $78,720, Above Average compared to the BC average

(9) Married or living common law: 57.9%, Average compared to other BC cities

(10) Public transport users: 27.4%, High compared to other BC cities

(11) Average owner payments: $1,573 per month, High compared to other areas in BC

(12) Renters: 29.8%, Above Average compared to other BC cities and areas.

5010 Lorraine Ave, Burnaby, BC, MLS^® R3051449