702 8725 University Cres, Burnaby, BC, MLS^® R3070283

Welcome to 702 8725 University Crescent, Burnaby, BC, a beautiful home nestled in a thriving community.

As we walk through the neighborhood, you'll notice the excellent schools that make this area a top choice for families. The property at 702 8725 University Crescent, Burnaby, BC, is serviced by University Highlands Elementary School, which is just a 0.18-kilometer stroll away. This school boasts a 7.1/10 rating, making it a popular choice among families. With Burnaby Mountain Secondary School also nearby, at a distance of 2.74 kilometers, your children will have access to top-notch education from elementary to high school.

In addition to these public schools, the closest elementary independent school to 702 8725 University Crescent, Burnaby, BC, is the Mediated Learning Academy, with a rating of No Rating, located 1.89 kilometers from this home. For secondary independent schooling, the same school is just 1.89 kilometers away, offering your children a range of educational options.

A Safe and Welcoming Community

According to the freshest crime data from Statistics Canada (2020), the neighborhood around 702 8725 University Crescent, Burnaby, BC, has a crime rate of 6,145.56, which is considered Below Average compared to other Canadian cities. This means you can enjoy peace of mind knowing your family is safe in this community. The rate of violent crimes is particularly low, at 893.28, making it an excellent choice for families. Year-by-year, the crime rate has decreased by -11.13%, demonstrating a strong commitment to maintaining a safe environment.

Excellent Commuting Options

The closest bus station to this property, Southbound Tower Rd @ University High Street, is just 0.26 kilometers away. With easy access to public transportation, commuting to work or school is a breeze. Plus, the proximity to major highways ensures that you can easily explore the surrounding areas or travel further afield.

Vibrant Community

The neighborhood around 702 8725 University Crescent, Burnaby, BC, is home to a diverse and vibrant community. With 36.8% of the population holding a university certificate or degree, this area is known for its high level of education. In contrast, only 7.4% of the population has no certificate or degree, making it an excellent choice for those seeking a strong sense of community values. The median household income is $71,834, which is Average compared to other British Columbia neighborhoods. Meanwhile, the median personal income is $29,798, which is Below Average. However, 63% of households in this area have a mortgage, which is Above Average.

Unemployment and Growth

The unemployment rate in this area is 8.3%, which is Average compared to other province neighborhoods. Interestingly, the population change between 2011 and 2016 was 4.4%, which is Above Average in this region. This growth is likely driven by the area's strong economy and excellent quality of life.

Lifestyle and Amenities

The property at 702 8725 University Crescent, Burnaby, BC, is located near Simon Fraser Univer., where the population density per square kilometer is 637.5, which is Average. The average size of families in this area is 2.9, which is Average compared to the whole region. A notable 67.6% of families in this neighborhood have children, making it an excellent choice for families. However, the percentage of married or living common law couples is 54.1%, which is Below Average.

Real Estate Context

The average value of dwellings in this neighborhood is $793,873, which is High compared to other areas in British Columbia. With an average owner payment of $1,562, this area is Above Average. Meanwhile, tenants pay an average of $1,393, which is High compared to other cities. Interestingly, 45.1% of the population in this area are renters, which is Above Average compared to other BC cities and areas.

Language and Transportation

The neighborhood around 702 8725 University Crescent, Burnaby, BC, has a mix of languages spoken, with 8.3% of the population speaking both English and French, which is Average. However, 88.6% speak only English, which is Below Average. Meanwhile, 0.1% speak only French, which is Low. Interestingly, 3.2% of the population speak neither English nor French, which is Above Average compared to other BC cities.

Transportation Options

With 23.2% of the population using public transportation, this area is Above Average. Meanwhile, 65% of the population use cars, which is Low. Interestingly, 1.3% of the population use bicycles,