1103 777 Richards St, Vancouver, BC, MLS^® R3077971

Welcome to the vibrant Downtown Vancouver neighborhood, where you'll find the sought-after property at 1103 777 Richards Street, MLS^® R3077971. As we take a stroll through this charming community, let's explore the excellent schools, safe environment, and modern amenities that make this location a dream come true for families and professionals alike.

First, let's talk about the local schools. Lord Strathcona Community Elementary School, rated No Rating, is conveniently located just 0.45 km from this property, making it a perfect choice for families with young children. Just down the road, you'll find King George Secondary School, also rated No Rating, situated 1.69 km away, providing a seamless transition to secondary education. For those seeking independent schools, The Westside School, rated No Rating, is just 0.45 km away, while Lowell High School, rated No Rating, is a mere 0.27 km from your doorstep.

Now, let's discuss the safety of the neighborhood. According to the latest crime data from Statistics Canada (2020), this area has an average crime rate of 7,470.82, which is comparable to other Canadian cities. The rate of drug-related crimes is also average, with a rating of 229.49 and 1,604 incidents in 2020. Property crimes are slightly above average, with a rating of 5,020.27 and 35,089 incidents in 2020. On the other hand, violent crime rates are below average, with a rate of 1,311.69 and 9,168 incidents in 2020.

As we make our way through the neighborhood, you'll notice the abundance of local amenities. Just a short 0.07 km from your doorstep, you'll find the Northbound Seymour St @ Robson St bus station, providing easy access to Vancouver's public transportation system.

Now, let's dive into the demographics of the area. This neighborhood boasts a high percentage of university-educated residents, with 58.5% holding a university certificate or degree, which is significantly higher than the BC average. On the other hand, only 2.4% of the population has no certificate or degree, making it a unique and vibrant community.

In terms of household income, the median household income in this area is $65,920, which is average compared to the BC average. However, the median personal income is $42,581, which is higher than the BC average. Notably, 72.4% of households in this area have a mortgage, which is a high percentage compared to other neighborhoods.

As we explore the local economy, we find that the unemployment rate in this area is 4.3%, which is low compared to other provinces. The population growth in this area between 2011 and 2016 was 13.9%, which is high compared to the average growth rate of this region.

The neighborhood is also characterized by a high population density, with 9,296.6 people per square kilometer, making it one of the most densely populated areas in Vancouver. The average family size in this area is 2.2, which is lower than the average family size in this region. Furthermore, 25.3% of families in this area have children, which is lower than the average in this region.

In terms of age, the average age of the population in this area is 37.3, which is lower than the average age in this region. Finally, the average value of dwellings in this neighborhood is $745,989, which is higher than the average in other areas of British Columbia.

As we wrap up our tour of this fantastic neighborhood, let's talk about the local real estate market. The average owner payments in this area are high, with owners spending an average of $1,792 per month. On the other hand, tenants are paying an average of $1,723 per month, which is also high compared to other cities.

In conclusion, 1103 777 Richards Street, MLS^® R3077971, is an exceptional property in a vibrant and desirable neighborhood in downtown Vancouver. With its excellent schools, safe environment, and modern amenities, this property is a dream come true for families and professionals alike.