702 8725 University Cres, Burnaby, BC, MLS^® R3070283

Welcome to 702 8725 University Crescent, a beautiful home in the heart of Burnaby, BC!

As we step into this stunning residence, you'll find yourself surrounded by the charm and character of this vibrant neighborhood. With its prime location and proximity to top-notch schools, amenities, and transportation, this property is the perfect haven for families and professionals alike.

Education: A Top Priority

Let's start with the educational institutions that make this area shine. University Highlands Elementary School, located just 0.18 km from this property, boasts a rating of 7.1/10. This school is a top choice for families, offering a well-rounded curriculum and a safe, supportive learning environment. Plus, Burnaby Mountain Secondary School is just a short 2.74 km away, providing students with access to top-notch secondary education. With Mediated Learning Academy, an independent school, also nearby, you'll have a range of options to suit your child's needs.

Safety First

When it comes to safety, this neighborhood excels. According to Statistics Canada's 2020 report, the crime rate in this area is Below Average, with 6,145.56 incidents per 100,000 population. To put this in perspective, this is significantly lower than the national average. Additionally, the property crime rate is Average, with 3,691.76 incidents per 100,000 population, and the violent crime rate is Low, with 893.28 incidents per 100,000 population. You can rest assured that your family will feel safe and secure in this community.

Demographics: A Thriving Community

This neighborhood is a melting pot of cultures, with a diverse population that reflects the best of Burnaby's cosmopolitan vibe. With 36.8% of residents holding a university certificate or degree, this area is home to a highly educated and motivated community. Furthermore, the median household income is $71,834, which is Average compared to other areas in BC. You'll find a mix of families, professionals, and renters living in this vibrant neighborhood.

Convenience and Amenities

Imagine being just a short walk or drive from top amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. This neighborhood offers the perfect blend of convenience and lifestyle. Plus, with the Southbound Tower Rd @ University High Street bus station just 0.26 km away, getting around Burnaby and beyond is a breeze.

Real Estate Market: A Prime Opportunity

With an average dwelling value of $793,873, this neighborhood is a prime location for investors and homeowners alike. The average owner payments are Above Average, with $1,562 spent on average for dwellings. Tenants, on the other hand, pay $1,393 in average rent, which is also High compared to other areas in BC. With 45.1% of the population renting, this area offers a unique opportunity for investors and homeowners to capitalize on the thriving rental market.

Lifestyle and Transportation

This neighborhood is designed for those who value convenience and lifestyle. With 23.2% of residents using public transport, 65% using cars, 1.3% using bicycles, and 9.5% walking, you'll find a range of transportation options to suit your needs. Plus, with the Simon Fraser University campus nearby, this area is perfect for students and professionals alike.

Experience the Best of Burnaby

At 702 8725 University Crescent, Burnaby, BC, you'll experience the best of this vibrant city. With its top-notch schools, safety, demographics, convenience, and real estate market, this property is the perfect haven for families and professionals alike. Don't miss out on this incredible opportunity to own a piece of Burnaby's thriving community.

MLS^® R3070283 | 702 8725 University Crescent, Burnaby, BC | Your Dream Home Awaits!