5380 Cambridge St, Burnaby, BC, MLS^® R3059362

Welcome to Capitol Hill, a vibrant community in the heart of Burnaby, BC!

As we step into the charming neighborhood of Capitol Hill, you'll discover a perfect blend of tranquility and convenience. Let's start our tour at the esteemed Capitol Hill Elementary School, which boasts a rating of 7.6/10. This fantastic school is just a short 0.64 km from the property with MLS^® R3059362 at 5380 Cambridge Street.

In addition to Capitol Hill Elementary, the area is also serviced by Burnaby North Secondary School, located 1.29 km from the property. With its rich history and commitment to academic excellence, Burnaby North Secondary School has earned a reputation as one of the top secondary schools in the region. This wonderful school is a significant draw for families looking for a supportive community with access to quality education.

For parents seeking alternative education options, there are two excellent independent schools nearby. The closest elementary independent school is Holy Cross Elementary School, with a stellar rating of 10/10. Located 1.77 km from the property, Holy Cross Elementary School offers a nurturing environment and rigorous academic programs.

As for secondary independent schools, the closest option is Lions Gate Christian Academy, boasting a rating of 9.2/10. This esteemed school is situated 3.1 km from the property, providing students with a faith-based education and a strong foundation for future success.

A Safe and Supportive Community

Now, let's talk about the safety and security of the neighborhood. According to Statistics Canada's 2020 report, the area around 5380 Cambridge Street, Burnaby, BC has a crime rate of 6,145.56 incidents per 100,000 population. This is below the national average, giving residents peace of mind and a sense of security. In fact, the overall crime rate in this area has decreased by 11.13% over the past year, making it an even safer and more desirable place to live.

Demographics and Lifestyle

Capitol Hill is a diverse and thriving community, with a mix of young professionals, families, and retirees. According to the latest census data, 29.9% of residents in this area hold a university certificate or degree, which is above the provincial average. On the other hand, 11.5% of the population has no certificate or degree, which is lower than the average in British Columbia.

In terms of household income, the median household income in this area is $68,324, which is average compared to other neighborhoods in British Columbia. However, the median personal income is $31,462, which is below the provincial average. Furthermore, 49.1% of households in this area have a mortgage, which is below the average in the region.

Convenience and Accessibility

One of the standout features of Capitol Hill is its excellent transportation network. The closest bus station is Eastbound Cambridge St @ N Ranelagh Ave, located just 0.03 km from the property with MLS^® R3059362. With frequent bus services and easy access to major highways, residents can easily commute to nearby cities or explore the surrounding region.

Real Estate Context

The property at 5380 Cambridge Street, Burnaby, BC (MLS^® R3059362) is a fantastic opportunity for those seeking a comfortable and convenient lifestyle. With an average value of dwellings in the area at $1,397,929, this neighborhood offers a range of housing options to suit different budgets and preferences. In terms of costs, average owner payments are high in this area, with homeowners spending approximately $1,638 per month on their properties. Tenants, on the other hand, pay an average of $1,143 per month, which is above the average in the region.

Language and Transportation

In terms of language, 87.8% of residents in this area speak only English, which is below the average in British Columbia. However, 6.6% of the population speaks both English and French, which is average compared to other neighborhoods in the region.

As for transportation, 21.7% of residents in this area use public transport, which is above the average in the region. On the other hand, 73.6% of residents rely on cars, which is below the average. Only 0.7% of residents use bicycles, and 2.7% walk, both of which are below the average in the region.

Conclusion

In conclusion, Capitol Hill is a wonderful neighborhood in Burnaby, BC, offering a unique blend of tranquility, convenience, and community spirit. With its excellent schools, safe and supportive atmosphere, diverse demographics, and easy access to transportation, this area is an attractive option for families, young professionals, and retirees alike. If you're looking for a comfortable and convenient lifestyle, consider visiting the property at 5380 Cambridge