2503 4988 Bennett St, Burnaby, BC, MLS^® R3065646

Welcome to 2503 4988 Bennett Street, Burnaby, BC - MLS^® R3065646

As we walk through the charming community of Metrotown, I'm excited to share with you the unique features and advantages of this exceptional property. Located at 2503 4988 Bennett Street, Burnaby, BC, this stunning home is not only a haven for families but also a fantastic investment opportunity.

Education

Just down the road from our listing, you'll find Maywood Community School, a highly-rated institution with a 4.5/10 rating. This school is a short 0.55 km from our property, making it an ideal choice for families with young children. Additionally, Burnaby South Secondary School, with its No Rating, is just 1.09 km away, offering students a range of academic and extracurricular opportunities.

For those seeking a more independent educational experience, St. Francis de Sales Elementary School, rated 9/10, is a mere 1.99 km away, while Deer Lake School, with No Rating, is 2.04 km from our property.

Safety and Crime Rates

According to Statistics Canada's 2020 report, the area around 2503 4988 Bennett Street, Burnaby, BC has a crime rate of 6,145.56, which is Below Average compared to other Canadian cities. With a -11.13% year-over-year change in the total crime rate, this neighborhood is becoming increasingly safer. The drug crime rate is also Below Average, with a rating of 126.78, and a 2.35% year-over-year change in the illegal substances offenses ranking.

Demographics and Lifestyle

The community around our listing, MLS^® R3065646, is diverse and vibrant, with 38.9% of residents holding a university certificate or degree, which is High compared to other BC neighborhoods. However, 11.2% of the population in this area have no certificate or degree, which is Low compared to the average in BC.

The median household income near this property is $39,134, which is Low compared to the British Columbia average. The median personal income is $18,805, also Low compared to the BC average. Interestingly, 45.4% of households in this census subdivision have a mortgage, which is Low.

Transit and Commuting

Just 0.16 km away from our listing, the Northbound Nelson Ave @ Bennett St bus station offers convenient access to public transportation. The area around 2503 4988 Bennett Street, Burnaby, BC is also well-connected to major highways, making commuting a breeze.

Real Estate Context

The average value of dwellings in this neighborhood is $532,612, which is Above Average compared to other areas in British Columbia. Average owner payments are Average, with $1,164 spent on average for dwellings. Tenants, however, pay a relatively high $1,332 per month.

With 43.1% of the population in this district being renters, which is Above Average compared to other BC cities and areas, this property offers a unique investment opportunity for those looking to capitalize on the rental market.

Additional Amenities and Features

The community surrounding 2503 4988 Bennett Street, Burnaby, BC offers a range of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. With a population density of 10,461.6 people per square kilometer, this area is bustling with activity.

Families with children make up 55.1% of the population, which is Average. The average size of families in this area is 2.6, which is Low. Additionally, 53% of the population is married or living common law, which is Below Average.

Unemployment and Growth

The unemployment rate in this area is 7%, which is Below Average compared to other province neighborhoods. The population change between 2011 and 2016 was 18.9%, which is High compared to average growth rates in this region.

Language and Transportation

While 3.8% of the population speaks both English and French, which is Low, 82.8% of residents speak only English, which is Below Average. However, 13.4% of the population speaks neither English nor French, which is High compared to other BC cities.

In terms of transportation, 33.3% of the population uses public transport, which is High. 51.3% of residents use cars, which is Low. 0.5% of people use bicycles, which is Low, while 13.7% of the population walks, which is High.

Investment Opportunity

As you can see, 2503 4988 Bennett Street, Burnaby, BC - MLS