Whether you’re looking for a starter home or an investment property with great potential growth opportunities, there’s something for everyone in Big Bend real estate market. So why not explore what this vibrant community has to offer?
Overview Of Big Bend
Big Bend is a thriving community located in Burnaby, BC that boasts an abundance of natural features and community amenities. With transportation options aplenty, residents can easily access the surrounding areas for work or leisure.
Local businesses are also plentiful, providing ample opportunities for shopping and dining. Additionally, Big Bend has exciting development plans on the horizon that promise to enhance the area even further.
From its stunning parks to its bustling commercial districts, Big Bend truly offers something for everyone.
Commute
The infrastructure for cycling is not very extensive in Big Bend, and the typically sloping terrain makes it strenuous to ride a bicycle. It is also difficult for pedestrians to get around as most daily needs are challenging to carry out on foot. However, it is easy to find a place to park and there is reasonably good public transit access with a few nearby bus lines, making Big Bend car friendly.
Amenities
Residents of this part of Burnaby benefit from a short walk to the nearest grocery store, as well as around 20 restaurants and coffee shops. Unfortunately, Big Bend does not have any high schools or primary schools, and daycares are limited in number and require a long walk to get to.
Characteristics
Residents of Big Bend have a variety of public green spaces to relax in, as there are about 10 nearby. This neighbourhood is a great choice for those looking for a peaceful environment, since it is usually quite quiet with low levels of traffic noise. However, this may not be the case near one of the railway lines. Buying a house here can provide an ideal place for anyone wanting a relaxed atmosphere.
Average Home Prices
The average home prices in Big Bend, Burnaby BC have been a topic of discussion among real estate enthusiasts. Market trends indicate that the prices are on an upward trajectory due to various affordability factors such as low-interest rates and high demand from buyers. Future projections show that this trend is likely to continue with no significant drop anticipated in the near future.
In 2023, average home price is $3,458,500 CAD.
Renting vs buying real estate in Big Bend?
In Big Bend, Burnaby, BC 63.5% of people own their homes while 36.5% rent them. The median monthly mortgage in the area is $11,700, compared to the median rental price of $3,600 per month.
How many properties are for sale in Big Bend?
The housing inventory in Big Bend currently consists of 3 detached houses, 1 townhome, and 0 condos. On average, homes stay on the market for 12 days with a 94% selling to listing price ratio. In total, there are 10 homes for sale in Big Bend at this time.
How fast are homes selling in Big Bend?
In Burnaby, the city average for homes selling above asking price is mirrored in Big Bend’s real estate trends, with 0% of homes selling over the original listing and 0% being sold within 10 days.
Buyer demographics have also contributed significantly to the current market state, with young families seeking affordable homes being the primary target group for sellers. Additionally, seller motivations vary but commonly include downsizing or relocating. This creates a steady stream of available homes on the market.
Average Townhome Prices
As we’ve explored the average home prices in Burnaby’s Big Bend real estate, it’s time to shift our focus towards townhomes.
Imagine yourself coming home from a long day at work and being greeted by beautiful landscaping and amenities such as community gardens or outdoor pools – this is what you can expect when owning a townhome in Big Bend.
Average cost of a townhouse is $1,180,000 CAD in 2023.
Market trends show that demand for these properties has been steadily increasing over the years, with buyer demographics ranging from young families to empty nesters looking for low maintenance living.
The future developments planned for Big Bend will only enhance its already desirable location, making it an even more attractive option for those seeking investment potential.
With all of these factors considered, it’s clear that investing in a townhome in Big Bend could be a wise decision for both current residents and newcomers alike.
The housing inventory in Big Bend currently consists of 3 detached houses, 1 townhome, and 0 condos. On average, homes stay on the market for 12 days with a 94% selling to listing price ratio. In total, there are 10 homes for sale in Big Bend at this time.
Nearby Neighbourhoods
As the saying goes, ‘location is everything,’ and Big Bend Real Estate in Burnaby BC certainly has a prime location with many nearby neighbourhoods worth exploring.
Transportation options are abundant, making it easy to get around and explore all that these neighbouring communities have to offer.
Local schools provide excellent education opportunities for families with children, while parks and recreation areas offer endless hours of outdoor activities ranging from hiking trails to playgrounds.
For those seeking shopping and dining experiences, there are numerous options available within close proximity. And lastly, community events bring residents together to celebrate local traditions and culture throughout the year.
With so much to see and do just beyond Big Bend’s borders, this area truly offers a well-rounded lifestyle for any resident looking for more than just a place to call home.
Ranking Among Other Burnaby Areas
After exploring the nearby neighbourhoods of Big Bend, it’s time to delve into its ranking among other Burnaby areas.
Real estate trends in this area have been promising, with steady growth over the past few years. A market analysis shows that properties in Big Bend are a solid investment opportunity for both homeowners and investors alike.
With access to numerous community amenities such as parks, shopping centres, and restaurants, residents can enjoy the best of both worlds – suburban living with urban conveniences. Transportation options are also abundant with easy access to major highways and public transit routes.
Overall, Big Bend is proving itself to be one of Burnaby’s most desirable areas with plenty of potential for future development and growth opportunities.
Frequently Asked Questions
What Are The Most Popular Amenities In The Big Bend Area?
When it comes to finding the perfect location for your dream home, amenities are always a top priority. In Big Bend, you won’t have to settle because this area has everything that you need and more. Recreation options abound with parks like Fraser Foreshore Park offering spectacular views of the mountains and river.
Shopping venues in Burnaby South include Metropolis at Metrotown which boasts over 400 shops and services.
Dining choices range from casual eateries like White Spot to fine dining restaurants like Hart House Restaurant. Outdoor activities such as hiking on Burnaby Mountain or cycling along Central Valley Greenway offer endless opportunities to explore nature’s beauty. Lastly, community events like Canada Day celebrations bring locals together making Big Bend an excellent place to call home.
Are There Any Schools Or Universities Located In Or Near Big Bend?
If you’re considering moving to the Big Bend area, one important factor to consider is access to education.Fortunately, there are several schools and universities located near this Burnaby neighborhood.
Simon Fraser University is just a short drive away, while Douglas College and BCIT offer additional options for higher learning in nearby cities.
For families with school-aged children, there are also several elementary and secondary schools within a reasonable distance of Big Bend.
Schools in Big Bend, Burnaby BC:
Burnaby South Secondary School, Burnaby Central Secondary School, Moscrop Secondary School and Alpha Secondary School are all located in Big Bend, Burnaby BC.
With such accessibility to educational opportunities, it’s no wonder that many individuals and families choose to make their home in this vibrant community.
What Types Of Businesses And Industries Are Prevalent In The Big Bend Area?
The Big Bend area boasts a diverse industrial mix that has contributed to its steady economic growth over the years.The presence of various businesses and industries in the locality provides ample job opportunities for residents, attracting young professionals and skilled workers alike.This unique blend of local demographics creates an environment conducive to real estate trends that cater to both commercial and residential needs. As a result, there is sustained development in the region as more investors take advantage of the growing demand for quality properties in this thriving community.
Jobs in demand in Big Bend, Burnaby BC:
- Warehouse Associate
- Retail Manager
- Delivery Driver
- Cashier
- Sales Associate
- Food Service Worker
- Bookkeeper
- Customer Service Representative
- Cleaner
- Security Guard
Is There Public Transportation Available In Big Bend? If So, What Are The Options?
Are you curious about the transportation options available in Big Bend? Look no further! Commuting to and from this vibrant area is a breeze with multiple bus routes, taxi services, and carpooling options readily available. For those who enjoy an active commute, cycling routes and walking paths are also conveniently accessible. Whether you’re headed downtown or just across town, getting around has never been easier.
The nearest bus stop to Big Bend, Burnaby is located at the intersection of Gilley Avenue and Canada Way. The following routes service this area:
-Bus #135 – Lougheed Station/Edmonds Station
-Bus #143 – Metrotown Station/New Westminster Station
-Bus #144 – Edmonds Station/Metrotown Station
The nearest Skytrain station to Big Bend, Burnaby is Edmonds Station which is approximately 1.5 km away from the neighbourhood.
Buy And Sell With Us!
If you’re looking for a bustling, yet peaceful neighborhood in Burnaby, Big Bend should be at the top of your list.
The area offers plenty of amenities that cater to both families and young professionals alike. From parks and recreational facilities to shopping centers and restaurants, there’s something for everyone.
In terms of education, Big Bend is home to several schools ranging from elementary to high school levels. For those seeking higher education, nearby institutions include Simon Fraser University and British Columbia Institute of Technology.
Additionally, with its proximity to major highways and industrial areas, Big Bend boasts a diverse mix of businesses and industries.
Public transportation options such as buses and trains are readily available in the area, making it easy for residents to commute within Burnaby or travel further into Vancouver.
Despite being located near industrial zones, crime rates in Big Bend are relatively low compared to other areas in Burnaby.
With all these factors combined, it’s no wonder why real estate demand in this area continues to rise steadily every year.
