801 5848 Olive Ave, Burnaby, BC, MLS^® R3083021

Welcome to 801 5848 Olive Avenue, a stunning property located in the heart of Burnaby, BC. As we walk through this beautiful neighborhood, I'd like to share with you the wonderful amenities and opportunities that make this area a great place to call home.

Excellent Education Options

Let's start with the schools. Chaffey-Burke Elementary School is just 0.42 km from this property, with a rating of 7.2/10. Families love this area because of its strong educational system, and this school is no exception. As you walk your kids to school, you'll notice the vibrant community of parents and kids enjoying the outdoors.

Burnaby South Secondary School is also nearby, located 2.49 km from this property. While it doesn't have a rating, it's a great option for students looking for a comprehensive education. Plus, with the Metrotown area's rich history and cultural attractions, there's always something new to explore.

Safe and Family-Friendly Neighborhood

Now, let's talk about safety. According to Statistics Canada's 2020 report, this neighborhood has a crime rate of 6,145.56, which is below average compared to other Canadian cities. In fact, it's 11.13% lower than the previous year, making it an excellent choice for families.

You'll also appreciate the low rate of property crimes, which is 3,691.76, and the low rate of violent crimes, which is 893.28. These statistics give you peace of mind, knowing that your family will be safe and secure in this neighborhood.

Excellent Transit Options

Getting around is easy, thanks to the nearby Eastbound Kingsway @ Olive Ave bus station, just 0.03 km from this property. You can hop on the bus and be at Metrotown in no time, or explore the many shops, restaurants, and services in the area.

Demographics and Lifestyle

This neighborhood is home to a diverse community of people, with 41.1% of residents holding a university certificate or degree. You'll also appreciate the low percentage of residents without a certificate or degree, which is 8.3%. This makes it an excellent choice for professionals and families looking for a supportive and educated community.

The median household income is $47,531, which is lower than the British Columbia average. However, with a median personal income of $23,644, you'll find that the cost of living is relatively affordable. Plus, with 38.9% of households owning their homes, you'll have the opportunity to build equity and enjoy the benefits of homeownership.

Unemployment and Population Growth

According to the latest statistics, the unemployment rate in this area is 8.7%, which is average compared to other provincial neighborhoods. You'll also appreciate the average population growth of 0.5% between 2011 and 2016, which is a sign of a stable and growing community.

Lifestyle Amenities

This neighborhood offers a wide range of lifestyle amenities, including:

• Metrotown, a vibrant shopping and entertainment hub
• Chaffey-Burke Park, a beautiful green space for outdoor activities
• Deer Lake Park, a popular spot for hiking and birdwatching
• Burnaby Public Library, a hub for knowledge and community events
• A variety of restaurants, cafes, and shops along Kingsway and other major streets

Real Estate Context

The average value of dwellings in this neighborhood is $523,380, which is above average compared to other areas in British Columbia. You'll also appreciate the relatively low average owner payments of $1,037 per month.

In contrast, tenants are paying $1,255 per month, which is above average compared to other cities. However, with 66.4% of the population renting, you'll find a diverse range of housing options to suit your needs and budget.

Language and Transportation

This neighborhood is a hub of diversity, with 5.6% of residents speaking English and French, and 86.3% speaking English only. You'll also appreciate the high percentage of residents using public transportation, with 49.3% of the population relying on buses and other modes of public transportation.

Overall, 801 5848 Olive Avenue is an excellent choice for anyone looking for a safe, family-friendly neighborhood with excellent education options, a diverse community, and a range of lifestyle amenities. With its above-average real estate values and relatively low cost of living, this property is an excellent investment opportunity for anyone looking to buy or rent in Burnaby, BC.

This property is listed for sale as MLS^® R3083021. Don't miss out on this incredible opportunity to own a piece of Burnaby's vibrant community!