404 5535 Hastings St, Burnaby, BC, MLS^® R3025839

Welcome to this stunning property located at 404 5535 Hastings Street in the heart of Burnaby, BC! As an experienced realtor, I'm excited to share with you the unique features and benefits of this incredible home, listed with MLS^® R3025839.

Let's start with the educational institutions in the area. Families love this area because of its proximity to excellent schools. Capitol Hill Elementary School, rated 7.6/10, is just a short 0.19 km from this property, making it an ideal choice for families with young children. Burnaby North Secondary School, with a rating of No Rating, is also nearby, located at 0.78 km from the property. Additionally, there are several independent schools in the area, including Holy Cross Elementary School, with a rating of 10/10, located 1.26 km from this home, and Lions Gate Christian Academy, with a rating of 9.2/10, located 3.75 km from the property.

Now, let's talk about the safety and security of the area. According to the latest crime statistics from Statistics Canada, the overall crime rate near this property is 6,145.56, which is considered Below Average compared to other Canadian cities. In 2020, there were 15,851 reported disturbances in the neighbourhood, and the rate of incidents per 100,000 population is 6,145.56. This is reassuring for families and individuals looking for a safe and peaceful living environment.

When it comes to transportation, this property is strategically located near several public transportation options. The Eastbound Hastings St @ Howard Ave bus station is just 0.05 km away from the property, making it easy to commute to work, school, or other destinations.

Now, let's take a closer look at the demographics of the area. According to the latest census data, 29.9% of the population in this neighbourhood has a university certificate or degree, which is Above Average compared to other BC neighbourhoods. Additionally, 11.5% of the population in this area have no certificate or degree, which is Low compared to the average in BC.

In terms of housing affordability, the median household income near this property is $68,324, which is Average compared to the British Columbia average. The median personal income in the area is $31,462, which is Below Average compared to the BC average. However, 49.1% of households in this area have a mortgage, which is Below Average.

Unemployment rates in the area are also worth noting. According to the latest data, the unemployment rate in this area is 6.6%, which is Below Average compared to other province neighbourhoods.

This property is located in a vibrant community with a growing population. Between 2011 and 2016, the population change in this area was 1.7%, which is Average compared to average growth rate of this region. The population density per square kilometre in this area is 1,601.8, which is Average.

In terms of family dynamics, the average size of families in this area is 2.9, which is Average compared to the whole region. Additionally, 63.9% of families in this area have children, which is Above Average. However, 55.9% of the population in this area are married or living common law, which is Below Average.

The average age of the population in this area is 41.8, which is Average compared to other BC cities. And, with an average value of dwellings in this neighbourhood being $1,397,929, this is considered a High compared to other areas in British Columbia.

Finally, let's talk about the ownership and rental dynamics in this area. 36.7% of the population in this area are renters, which is Above Average compared to other BC cities and areas. Additionally, the average owner payments in this area are High, with owners spending $1,638 on average for their dwellings. Tenants, on the other hand, are paying $1,143 on average, which is Above Average compared to other cities.

In conclusion, this property at 404 5535 Hastings Street in Burnaby, BC, listed with MLS^® R3025839, offers a unique combination of excellent schools, safe and secure living environment, and convenient transportation options. If you're looking for a home that offers a great balance of lifestyle, education, and affordability, this property is definitely worth considering.