5 6929 Balmoral St, Burnaby, BC, MLS^® R3067197

Welcome to 5 6929 Balmoral Street, a stunning property located in the heart of Burnaby, BC. As your trusted realtor, I'm excited to share with you the unique features and benefits of this incredible home.

Education

Let's start with the schools. 5 6929 Balmoral Street is proudly served by Morley Elementary School, just a short 0.69 km away. Morley Elementary has a rating of No Rating, but don't worry, this is a great opportunity for you to get to know the school and its community. Additionally, Byrne Creek Community School is located 1.58 km from this property, offering a range of educational options for your family. If you're interested in a more private education, St. Francis de Sales Elementary is just 0.43 km away, boasting a rating of 9/10. For secondary education, St. Thomas More Collegiate is 1.7 km from this property, offering a No Rating but a great opportunity for your child to grow and thrive.

Safety

As a parent, safety is always a top priority. The crime data from Statistics Canada (2020) shows that this area has a Below Average crime rate of 6,145.56, with a rate of incidents per 100,000 population. This is a testament to the safe and welcoming community that Burnaby, BC has to offer. With a low rate of violent lawbreaking disorders (893.28) and a decrease in crime rates over the years, you can feel confident that your family will thrive in this area.

Transit

Convenience is key when it comes to transportation. The closest Bus station is Southbound Griffiths Ave @ Elwell St, just 0.11 km away from this property. With a range of transportation options available, you'll be able to easily commute to work, school, or explore the surrounding area.

Demographics

So, who lives in this community? With a high percentage of university certificate/degree holders (32.1%), this area is a hub for educated and forward-thinking individuals. Additionally, with a median household income of $44,442, you'll find that this area offers a range of affordable options for families and individuals alike. The median personal income is $24,236, which is Low compared to the BC average.

Unemployment Rate

Unemployment rates are an important consideration for any community. With a rate of 6.9% in this area, you can feel confident that the local economy is thriving.

Growth and Development

Burnaby, BC is a city that's constantly growing and developing. With a population change of -1.1% between 2011 and 2016, this area is stable and secure. The population density per square kilometre is 14,193.3, making it a vibrant and diverse community.

Family Dynamics

Families are at the heart of this community. With an average family size of 2.7, you'll find that this area is perfect for families with children. Additionally, with 57.8% of families having children, you'll be surrounded by like-minded individuals who are passionate about raising their families in a safe and supportive environment.

Age and Education

The average age of the population in this area is 42.1, making it a great spot for families and professionals alike. With a range of educational options available, you'll be able to pursue your passions and achieve your goals.

Real Estate

If you're interested in investing in real estate, this area is a great opportunity. With an average value of dwellings of $481,607, you'll find that this area offers a range of affordable options for buyers and investors alike. Additionally, with an average owner payment of $1,256 and a tenant payment of $914, you'll be able to find a property that fits your budget and meets your needs.

Renters and Owners

52.7% of the population in this area are renters, making it a great spot for individuals and families who are looking for affordable housing options. With a range of rental properties available, you'll be able to find a place that fits your budget and meets your needs.

Language and Culture

The language and culture of this area are diverse and vibrant. With 4% of the population speaking English and French, and 87.1% speaking English only, you'll find that this area is a hub for individuals from all walks of life. Additionally, with 9% of the population speaking neither English nor French, you'll find that this area is a great spot for individuals who are looking to connect with others who share their language and cultural background.

Transportation and Commuting

With 37.3% of the population using public transportation, and 56.6% using cars, you'll find that this area offers a range