7957 Elwell St, Burnaby, BC | MLS^® R2990162 Property Details

12.4% price reduction

RARE OPPORTUNITY - R1 Zoned Multi-Unit Housing in a highly desirable Burnaby Lake/Buckingham district in Burnaby South. This property offers 50 x 207 with lane access. 10,350sqft lot. Zoning allows for 4 residential units. 4 stories high. Rarely available brand new City of Burnaby zoning regulations as of 2024. Perfect to Build, Hold or Invest. This original family home offers 4 bdrms/1 bath, huge loft/attic and unfinished basement at 1863sqft. First time on the market. Amazing location, close to parks, schools, transit and recreation. Please call to book your private showing. PROPERTY SOLD AS IS WHERE IS

General Info

Price $1,839,000

Total Bedrooms 4

Total Bathrooms 1

Half Bathrooms 0

Floor Area Total (sqft) 1863

Lot Size 10350

Lot Size Depth Feet

Lot Size Frontage 50

Basement Partially Finished

Basement Features BasementFeatures

Property Metrics

Year Built -

Age Of Building 999

Building Type Single Family Residence

Property Type Residential

Stories 3

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS^® # R2990162

Area Burnaby South

Neighbourhood Burnaby Lake

City Burnaby

Gross Taxes $5,592.66

Ownership Type Freehold NonStrata

Maintenance Fee -

Community Features Shopping Nearby

Heating & Cooling

Fireplace 0

Heating Type Forced Air, Hot Water

Utilities

Utility Type Community, Electricity Connected

Utility Sewer Public Sewer

Water (WaterSource) Public

Parking

Parking Type Additional Parking, Carport Single, Front Access, Gravel

Total Parking Spaces 3

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Strata Restrictions -

Rental Restrictions -

Zoning R1

Rental Suites None

Laundry In Unit

# of Kitchens 1

Flooring Wall/Wall/Mixed

Foundation Concrete Perimeter

Interior Features Storage

Locker -

View Description -

Units In Development -

Exterior Features Balcony

Sewer Public Sewer

Roof Asphalt

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	21'7 x 21'7 ft
Main Level	Foyer	4'8 x 4'8 ft
Main Level	Kitchen	14'5 x 14'5 ft
Main Level	Dining Room	9'10 x 9'10 ft
Main Level	Bedroom	10'0 x 10'0 ft
Main Level	Bedroom	9'11 x 9'11 ft
Main Level	Bedroom	10'6 x 10'6 ft
Above Level	Attic	32'0 x 32'0 ft
Below	Bedroom	19'4 x 19'4 ft
Below	Other	25'7 x 25'7 ft
Below	Storage	9'11 x 9'11 ft
Below	Storage	10'11 x 10'11 ft
Below	Other	13'1 x 13'1 ft
Below	Laundry	11'7 x 11'7 ft

Listed by: Grand Central 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

Secondary

Burnaby Central Secondary School

3.08 km

Elementary

Lakeview Elementary School

Average

0.52 km

6.2/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary

John Knox Christian School

1.36 km

9.2/10

Excellent

Secondary

St.Thomas More Collegiate

1.64 km

Closest Transit

Bus Stop

Eastbound Edmonds St @ 6th St

0.49 km

Skytrain

Skytrain @ Edmonds Stn

2.52 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 7957 Elwell Street, a stunning property in the heart of Burnaby, BC!

Located on this beautiful street, you'll find the fantastic Lakeview Elementary School, rated 6.2/10. This highly-rated school is just a short 0.52 km stroll from the property, making it an ideal choice for families with young children.

As you explore the area, you'll also discover Burnaby Central Secondary School, a mere 3.08 km away from this lovely home. This school, while not rated, offers a great education and is a testament to the area's commitment to education.

If you're looking for an independent school option, you'll be pleased to know that John Knox Christian School is just 1.36 km from this property. With a stellar rating of 9.2/10, this school is a top choice for families seeking a faith-based education.

For secondary independent school options, St.Thomas More Collegiate is just 1.64 km away, offering a unique educational experience.

Safety First

Let's talk about safety. The 2020 crime data from Statistics Canada reveals that the neighbourhood around 7957 Elwell Street, Burnaby, BC has a below-average crime rate of 6,145.56 incidents per 100,000 population. This is a testament to the area's commitment to keeping its residents safe. Compared to other Canadian cities, the crime rate in this area is indeed below average.

Breaking it down further, the neighbourhood has a below-average drug crime rate, with a rating of 126.78 incidents per 100,000 population. The year-over-year change in illegal substances offences is a mere 2.35%.

Property crimes in the area are also average, with a rating of 3,691.76 incidents per 100,000 population. The year-over-year change in property misconduct rate is -17.54%.

Violent crimes, however, are low in the area, with a rating of 893.28 incidents per 100,000 population. This is a reassuring statistic for anyone looking for a safe community.

Getting Around

Convenience is key when it comes to transportation. The closest bus station, Eastbound Edmonds St @ 6th St, is just 0.49 km away from this property. With easy access to public transportation, you'll be able to get around Burnaby and beyond with ease.

Demographics

Let's take a look at the demographics of the area. The neighbourhood around 7957 Elwell Street, Burnaby, BC has a high percentage of university certificate/degree holders, with 27.9% of the population boasting this level of education. This is above average compared to other BC neighbourhoods.

On the other hand, 14.4% of the population in this area has no certificate or degree, which is below average compared to the average in BC.

Income and Employment

The median household income in the area is a respectable $86,827, which is above average compared to the British Columbia average. However, the median personal income is $28,736, which is below average compared to the BC average.

The unemployment rate in the area is a low 5.2%, making it an attractive choice for job seekers.

Community

This real estate is located in the Burnaby Lake area, which experienced a population change of -1.6% between 2011 and 2016. This is below average compared to the average growth rate of the region.

The population density per square kilometre in the area is 1,115.2, which is average compared to other BC neighbourhoods.

Family and Age

The average size of families in the area is 3, which is above average compared to the whole region. A whopping 68.2% of families in the area have children, making it an ideal choice for families.

The average age of the population in the area is 41.6, which is average compared to other BC cities.

Real Estate

The average value of dwellings in the area is a staggering $1,453,497, making it a high-end neighbourhood in British Columbia.

The average owner payments are above average in the area, with owners spending an average of $1,406 per month. Tenants, on the other hand, pay an average of $1,257 per month, which is also above average.

Language and Transportation

The area around 7957 Elwell Street, Burnaby, BC has a unique linguistic profile, with 5% of the population speaking neither English nor French. This is below average compared to other BC cities.

However, 89% of the population speaks only English, which is average compared to other BC cities.

When it comes to transportation, 21.5% of the population uses public transportation, which is above average. On the other hand