Developers have responded to the demand of downsizing baby boomers and now offer luxury towers with 2 bedroom and den and 3 bedroom suites with sliding wall balconies for those looking to buy.
Local recreation amenities such as tennis courts, an outdoor swimming pool, pitch and putt golf course, and Swangard Stadium can be found in the tall-timber green escape of Central Park on the western edge of the Metrotown neighbourhood, enjoyed by both young and old. Burnaby School District 41 includes three primary grade schools in the Metrotown area: Nelson Elementary School, South Slope Elementary School and Maywood Elementary School. For grades 8 to 12, Burnaby South Secondary is the school of choice, and it also includes the British Columbia Provincial School for the Deaf.
In Metro Vancouver, the area near Metrotown Skytrain Station has the highest percentage of residents commuting to work by public transit, as indicated by a recent census: over 53%. Additionally, the Patterson and Royal Oak Skytrain stations, as well as Kingsway, provide bus services in all directions. Historic Kingsway, the traditional link between New Westminster and Vancouver waterfronts, is also available for drivers, granting access to other parts of Burnaby and beyond.
Over 53% of residents living near Metrotown Skytrain Station, the highest in Metro Vancouver, use it as their primary form of transport to work. Public transit commuters are also served by Patterson, Royal Oak and Kingsway Skytrain stations which provide bus links heading in all directions. Historic Kingsway is the connection between Vancouver’s waterfront and New Westminster and offers drivers access to other parts of Burnaby and beyond.
This neighbourhood located in Metrotown-Central Park offers mainly one bedroom and two bedroom homes. Around 55% of dwellings are large apartment buildings, and the rest are mainly small apartment buildings. The proportions of homeowners and renters are about equal. Approximately one fourth of dwellings in the area were constructed in the 1960s and 1970s, while a majority of the remaining buildings were built in the 1980s and 1990s.
Metrotown Real Estate, Burnaby
Metrotown Real Estate in Burnaby is one of Greater Vancouver’s hottest markets. Metrotown attracts property investors due to its proximity to downtown Vancouver and easy access to major highways. We’ll discuss Metrotown’s investment appeal and why so many people are moving there in this article.
Metrotown has developed greatly. From its quiet suburb days to its current commercial hub, this city knows how to draw attention. Metrotown is one of the hottest real estate markets in the region due to its growing retail sector and condo construction. This is an exciting investment opportunity.
Metrotown Real Estate offers starter homes and luxury penthouses. This area is perfect for short- and long-term investments due to its vibrant culture and great amenities. Metrotown is a great investment opportunity!
Real Estate & MLS® Listings In Metrotown, Burnaby
Metrotown, Burnaby is a popular Greater Vancouver real estate market. There’s a home for everyone—starter or investment. The area offers affordable condos, townhouses, and single-family homes. Shopping centres, restaurants, and parks surround it.
Metrotown MLS® listings are updated frequently, so you can always find the right home for your budget and lifestyle. Search by price, number of bedrooms, bathrooms, neighbourhood amenities, and more. You can also trust your next real estate investment because local realtors are ready to help you buy or sell.
Contact an experienced realtor today to buy a Metrotown, Burnaby home. A professional can help you navigate the process and ensure its success. They’ll negotiate the best deal on your new home using their local market knowledge and negotiation skills!
What Is The Average Home Price In Metrotown, Burnaby, BC?
Metrotown, Burnaby’s average home price reflects its strong real estate market. Consistently ranked as one of Canada’s most desirable places to live. Its proximity to Vancouver and the North Shore, good transit, and many amenities make it attractive.
In April 2021, the median Metrotown single-family detached home listing price was $1,354,750. This is much higher than the median listing price for homes in Canada ($520,000) and Burnaby ($1,195,000). Metrotown’s real estate market is expensive, but budget-friendly options are available. Townhouses cost $650K and condos $400K.
Metrotown real estate agents say buyers must move fast to get their dream home. Demand outstrips supply in Metro Vancouver’s hottest neighbourhoods.
How Much Does A Condo Cost In Metrotown?
Size, location, and amenities determine Metrotown, Burnaby condo prices. Metrotown condos cost $400,000–$1 million.
One-bedroom apartments start at $400,000 and can go up to $550,000. Depending on location and features, two-bedroom condos cost $600,000–$800,000. Three-bedroom units cost $750,000 to millions.
Luxury condos with large balconies, granite countertops, and hardwood floors can cost over a million dollars. Condos near parks and shopping malls cost more. Metrotown condo prices depend on buyer preferences for size and features.
How Much Does A Townhouse Cost In Metrotown?
Metrotown townhouses cost differently depending on size and location. For larger townhouses with more amenities, prices range from $1 million to $2 million. Two-bedroom townhouses cost $850,000–$950,000. Depending on features and layout, three-bedroom townhouses can cost $1.2 million to $2 million.
Metrotown’s shopping malls, restaurants, and entertainment venues can also affect townhouse prices. Townhouses near these attractions cost more. Older buildings may need more repairs or renovations before they can be sold, which will also affect their price.
Thus, before buying a Metrotown townhouse, consider all factors that could affect its value. In addition to budget and home condition, research local market trends to see if you’re getting good value. The right choices can help you find a cheap but attractive property that meets your needs.
What Are Nearby Neighbourhoods To Metrotown, Burnaby, BC?
Metrotown, Burnaby is surrounded by neighbourhoods with many activities and amenities. British Properties, with Tudor-style houses and luxury view properties, is north of Metrotown. Highgate Village, south of Highway 1, has cozy condos and great shopping.
Central Park, a large green space bordered by commercial and residential areas, is east of Metrotown. Trails, playgrounds, tennis courts, and more are in this natural setting. Edmonds Town Centre, a restaurant, shopping, and service district, is east.
Deer Lake Park, west, has a beautiful lake and gardens. Visit Burnaby Village Museum or kayak or canoe on the lake. Metrotown is a great place to live with all these nearby neighbourhoods to explore!
How Many People Rent Versus Buy Real Estate In Metrotown?
Many renters and buyers live in Metrotown, Burnaby, BC. Due to its proximity to downtown Vancouver, buyers and renters prefer this area. Metrotown has office buildings, retail stores, and residential neighbourhoods.
Many residents buy rather than rent due to its popularity and growing population. Metrotown residents own over half of their homes, according to Statistics Canada. Most local homes and condos are owned rather than rented.
Metrotown real estate prices are high due to competition from other buyers. However, the neighborhood’s parks and shopping centres explain why so many people buy property here. Property prices rise as more people buy rather than rent.
How Many Homes Are For Sale In Metrotown?
Many Burnaby homebuyers choose Metrotown. Single-family homes, condos, and townhouses are available. Metrotown has 167 for-sale homes. Residential, commercial, multi-family, and vacant land are included.
Nearly half of the listings are single-family homes. 58 detached homes are for sale, averaging $1.4 million. Metrotown has 30 semi-detached houses for sale, most of which cost $1 million.
These single-family homes are joined by 77 condos, from studios to three-bedrooms. These condos average $400K–$700K. Townhomes and duplexes in Metrotown start at $600K and go up.
Buyers have many Metrotown real estate options. With so many homes available, it’s easy to find one that fits your needs and budget.
How Quickly Are Homes Selling In Metrotown?
Metrotown homes sell fast. In fact, homes in the area often sell within days of being listed. Shopping centres, restaurants, and entertainment venues are nearby. Its proximity to public transportation makes it appealing to urbanites.
Metrotown home listings average two weeks. Buyers must act quickly to get a good deal on a local home. Buyers must research to choose the right property.
Metrotown is an affordable option for first-time homebuyers and those looking to upgrade in Burnaby and Greater Vancouver. Metrotown is ideal for affordable homebuyers due to its convenient location and competitive housing market.
Where Does Metrotown Rank Among Other Burnaby Neighbourhoods?
Burnaby’s Metrotown is desirable. It has great amenities, schools, parks, and downtown Vancouver access. It’s ideal for homebuyers and investors. Due to young professionals and families moving into the area, demand is skyrocketing.
Metrotown properties sell fast and often above asking price. Buyers must act quickly to buy in this desirable neighbourhood. Metrotown has many affordable options for all budgets.
Metrotown is a top Burnaby real estate neighbourhood for affordability and convenience. It remains a popular place for Burnaby residents and investors. Metrotown’s diverse housing, parks, and amenities continue to attract downtown Vancouver homebuyers.
Buy And Sell With Us !
Real estate beginners should consider Metrotown, Burnaby. It’s a diverse neighbourhood with homes for every budget. Metrotown has condos, townhouses, and detached homes. Many people rent or buy here because the average home price is low compared to other Burnaby neighbourhoods.
New buyers should start their search in Metrotown because there are many homes for sale. Metrotown also sells homes quickly. Residents enjoy living near downtown Vancouver, parks, and public transit.
Metrotown is an affordable, convenient, and amenity-rich neighbourhood. This area has rental and buying options for everyone entering the real estate market.
