1103 8850 University Cres, Burnaby, BC, MLS^® R3038565

Welcome to 1103 8850 University Crescent, a stunning property located in the heart of Burnaby, BC!

As we step into this beautiful home, you'll notice its prime location within the University Crescent community, a vibrant neighborhood that offers the perfect blend of urban convenience and natural beauty. As your trusted realtor, I'm excited to share with you the unique features and benefits of this property, as well as the surrounding neighborhood.

Education

When it comes to education, the University Crescent community has plenty to offer. Our property at 1103 8850 University Crescent is serviced by the highly-rated University Highlands Elementary School, which is just a short 0.25 km away. This school boasts a rating of 7.1/10, making it an excellent choice for families with young children. Additionally, Burnaby Mountain Secondary School is located 2.83 km from our property, offering a range of academic programs and extracurricular activities for students of all ages.

Crime

According to the latest crime statistics from Statistics Canada (2020), the University Crescent neighborhood has a Below Average crime rate, with 15,851 reported incidents per 100,000 population. This translates to an overall crime rate of 6,145.56, which is significantly lower than the national average. In terms of specific crime types, the neighborhood has a Below Average rate of drug-related crimes, with 126.78 incidents per 100,000 population. Property crimes, on the other hand, are Average, with 3,691.76 incidents per 100,000 population.

Demographics

The University Crescent neighborhood is a diverse and vibrant community, with a range of demographics to suit all lifestyles. According to the latest census data, 36.8% of residents hold a university certificate or degree, which is High compared to other BC neighborhoods. Meanwhile, 7.4% of the population has no certificate or degree, which is Low compared to the average in BC. In terms of household income, the median household income in the neighborhood is $71,834, which is Average compared to the British Columbia average.

Transit

As you can see, our property at 1103 8850 University Crescent is strategically located near several major transit hubs. The closest bus station, SFU Transit Exchange @ Bay 4, is just 0.32 km away, making it easy to get around the city without a car. In fact, 23.2% of the population in the neighborhood uses public transport, which is Above Average compared to other BC cities.

Lifestyle Amenities

The University Crescent neighborhood is surrounded by a range of lifestyle amenities that cater to all interests and ages. From the beautiful Burnaby Mountain Park to the nearby Simon Fraser University, there's no shortage of opportunities to explore and enjoy the great outdoors. Additionally, the neighborhood is home to a range of shopping centers, restaurants, and cafes, making it easy to find something to suit every taste and budget.

Real Estate Context

In terms of real estate, the University Crescent neighborhood is known for its high-quality homes and properties. The average value of dwellings in the neighborhood is $793,873, which is High compared to other areas in British Columbia. Meanwhile, the average owner payments are Above Average, with homeowners spending an average of $1,562 per month on their properties. Tenants, on the other hand, are paying an average of $1,393 per month, which is High compared to other cities.

Uniqueness of this Property

As a unique and special property, 1103 8850 University Crescent offers a range of features and benefits that set it apart from other homes in the neighborhood. From its prime location to its high-quality finishes and fixtures, this property is sure to impress even the most discerning buyers. Whether you're a first-time buyer or a seasoned investor, this property is an excellent choice for anyone looking to invest in a solid and secure future.

Conclusion

In conclusion, 1103 8850 University Crescent is a stunning property located in the heart of Burnaby, BC. With its prime location, high-quality finishes, and range of lifestyle amenities, this property is sure to appeal to buyers of all ages and backgrounds. As your trusted realtor, I'm excited to help you explore this property and all it has to offer. MLS^® R3038565.