103 10788 No. 5 Rd, Richmond, BC, MLS^® R3061374

Welcome to 103 10788 No. 5 Road, a beautiful community in Richmond, BC!

As we explore this lovely neighborhood, you'll notice that it's serviced by the excellent Daniel Woodward Elementary School, located just 0.72 km away from our MLS listing, R3061374. With a rating of No Rating, this school is a great choice for families in the area. Just down the road, you'll also find Matthew McNair Secondary School, another fantastic option for students in the community.

But that's not all! The closest independent elementary school to this home for sale is Richmond Christian School, which boasts a stellar rating of 9.3/10 and is conveniently located just 0.43 km away. If you're looking for a secondary independent school, you'll be pleased to know that Richmond Christian School is also the closest option, with a similar rating and proximity.

A Safe and Welcoming Community

According to the latest crime statistics from Statistics Canada (2020), our neighborhood has a relatively low crime rate, with 7,826.57 incidents per 100,000 population. This is considered Average compared to other Canadian cities. While there were some instances of drug-related crimes, the overall rate of 2,081.96 is High compared to other neighborhoods. However, it's worth noting that the year-over-year change in this rate is 19.46%.

In terms of property crimes, our neighborhood has an Average rating of 3,238.66, with 6,997 incidents in 2020. However, the year-over-year change in this rate is -14.19%. Violent crimes are extremely low in our community, with a rate of 919.25, which is considered Low compared to other BC municipalities.

A Thriving Community with Plenty to Offer

As we explore the local amenities, you'll discover that our neighborhood is well-serviced by public transportation, with the closest bus station just 0.13 km away from our MLS listing, R3061374.

In terms of demographics, our neighborhood has a higher-than-average percentage of residents with a university certificate or degree, at 25.9%, which is Above Average compared to other BC neighborhoods. However, 16.6% of the population in our area has no certificate or degree, which is Average compared to the BC average.

The median household income in our neighborhood is $80,939, which is Above Average compared to the British Columbia average. Meanwhile, the median personal income is $30,619, which is Below Average compared to the BC average. Notably, 59.6% of households in our area have a mortgage, which is Average compared to other neighborhoods.

A Great Place to Live and Work

Unemployment rates in our area are extremely low, at just 5%, which is considered Low compared to other province neighborhoods. Population growth in our community has been steady, with a 5% increase between 2011 and 2016, which is Above Average compared to the average growth rate of this region.

In terms of family dynamics, the average size of families in our area is 3, which is Above Average compared to the whole region. A significant percentage of families in our neighborhood have children, at 68.8%, which is Above Average. Additionally, 59.9% of residents in our area are married or living common law, which is Average compared to other neighborhoods.

A Community with a Strong Sense of Community

The average age of the population in our area is 41.1, which is Average compared to other BC cities. Our neighborhood is also known for its high average dwelling value, at $987,082, which is High compared to other areas in British Columbia.

In terms of owner payments, the average owner spends $1,440 per month on their dwelling, which is Above Average in the area. Meanwhile, tenants in our neighborhood pay an average of $1,489 per month, which is High compared to other cities.

A Neighborhood with a Mix of Rentals and Ownership

A significant percentage of residents in our area are renters, at 27%, which is Average compared to other BC cities and areas. Notably, the average value of dwellings in our neighborhood is High compared to other areas in British Columbia.

Getting Around

Finally, it's worth noting that a significant percentage of residents in our area use public transportation, at 15.7%, which is Above Average. However, a larger percentage of residents use cars, at 78.9%, which is Below Average.