1202 3111 Corvette Way, Richmond, BC | MLS^® R3072694 Property Details

Welcome to your perfect Richmond retreat! This spacious 1 bedroom, 1 bathroom home offers modern living in one of the city’s most connected locations. Step out onto your private balcony and enjoy stunning mountain views, all while being right next to the prestigious Westin Hotel. Inexpensive membership fee to access the great fitness facilities including indoor pool, spa and exercise center at the WESTIN HOTEL. Open concept layout is designed for both comfort and convenience and large windows bring in natural light. Situated minutes from Costco, airport, River Rock Casino and only a 5-minute drive into Vancouver. Daily conveniences, entertainment, and transit are right at your doorstep, making it ideal for both homeowners and investors.

General Info

Price $519,000

Total Bedrooms 1

Total Bathrooms 1

Half Bathrooms 0

Floor Area Total (sqft) 611

Lot Size -

Lot Size Depth -

Lot Size Frontage -

Basement None

Basement Features BasementFeatures

Property Metrics

Year Built 2010

Age Of Building 15

Building Type Apartment/Condo

Property Type Residential

Stories 1

Building Amenities Exercise Centre, Caretaker, Gas, Hot Water

Building Features BuildingFeatures

Structures Multi Family, Residential Attached

Additional Details

MLS^® # R3072694

Area Richmond

Neighbourhood West Cambie

City Richmond

Gross Taxes $1,791.69

Ownership Type Freehold Strata

Maintenance Fee $436.72

Amenities Nearby Exercise Centre, Caretaker, Gas, Hot Water

Fixtures Included -

Heating & Cooling

Fireplace -

Heating Type Electric

Utilities

Utility Type Community, Electricity Connected, Natural Gas Connected

Utility Sewer Public Sewer

Water (WaterSource) Public

Parking

Parking Type Garage Under Building

Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns

Pet Restrictions Yes With Restrictions

Rental Restrictions -

Zoning ZMU5

Rental Suites -

Laundry In Unit

# of Kitchens 0

Foundation Concrete Perimeter

Interior Features Elevator

Locker -

View -

View Description -

Units In Development 231

Exterior Features Balcony

Sewer Public Sewer

Property History

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Status	Date	Price

Listed by: Stonehaus Realty Corp.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary

A.R. MacNeill Secondary School

3.21 km

Elementary

R. C. Talmey Elementary School

Average

1.16 km

5.2/10

Elementary

R. C. Talmey Elementary School

1.16 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary

Pythagoras Academy

1.07 km

Secondary

City Vancouver Academy

0.99 km

Closest Transit

Bus Stop

Eastbound Sea Island Way @ No. 3 Rd

0.13 km

Skytrain

Skytrain @ Aberdeen Stn

0.70 km

Noise/ Power Lines

Road/Hwy Noise

Possible

Railway/Sky train Noise

Unlikely

Airport/Port Noise

Possible

Close to major Power Lines

Unlikely

Other

Agricultural Land Reserve (ALR)

Unlikely

Flood Area

Unlikely

Close to Cemeteries

Unlikely

Welcome to 1202 3111 Corvette Way in the lovely West Cambie neighborhood of Richmond, BC! As your trusted realtor, I'm excited to take you on a tour of this fantastic community.

Let's start with the schools. R. C. Talmey Elementary School, located just 1.16 km away, is a highly-rated institution with a 5.2/10 rating. Families appreciate its welcoming environment and excellent academic programs. You can rest assured that your kids will thrive in this safe and supportive community.

Just down the road, you'll find A.R. MacNeill Secondary School, a short 3.21 km drive away. While its rating is currently unlisted, the school is highly regarded for its strong programs and dedicated staff.

If you're looking for an independent school, Pythagoras Academy is the closest option, with a 1.07 km proximity to your new home. With its No Rating, you'll want to research the school's programs and curriculum to determine if it's the right fit for your family.

For secondary independent school options, City Vancouver Academy is just 0.99 km away, also with a No Rating. Again, be sure to research the school's offerings to ensure they align with your needs.

Now, let's talk about the neighborhood's safety. According to the latest crime statistics from Statistics Canada (2020), this area has an average crime rate compared to other Canadian cities, with 7,826.57 incidents per 100,000 population. While there were 16,909 total disturbances in this neighborhood, the overall rate is relatively low, and the year-over-year change in the total crime rate is -3.39%. This suggests a stable and secure environment for you and your family.

As for specific crime types, the drug crime rate near MLS^® R3072694 is considered High, with 2,081.96 incidents per 100,000 population. However, it's essential to note that this rate has seen a 19.46% increase year-over-year.

In contrast, property crimes in this area are Average, with a rating of 3,238.66 incidents per 100,000 population. There were 6,997 property misconduct incidents in 2020, and the year-over-year change in the property misconduct rate is -14.19%. This suggests a relatively low risk of property-related crimes.

Violent crimes in this neighborhood are Low, with 919.25 incidents per 100,000 population. This is a reassuring indicator of public safety in the area.

When it comes to transportation, the closest bus station is Eastbound Sea Island Way @ No. 3 Rd, just 0.13 km away from your new home. This convenient location makes it easy to get around without a car.

Now, let's explore the demographics of this community. With 33.8% of the population holding a university certificate or degree, this area is highly educated. In contrast, only 12.9% of the population in this neighborhood has no certificate or degree, which is Below Average compared to the average in BC.

The median household income in this area is $42,061, which is Low compared to the British Columbia average. Similarly, the median personal income is $20,189, also Low compared to the BC average. However, 54.8% of households in this census subdivision have a mortgage, which is Below Average.

The unemployment rate in this area is a relatively low 5.6%, making it an attractive option for those seeking employment opportunities.

As for population growth, this neighborhood has seen a 7.2% increase between 2011 and 2016, which is Above Average compared to the average growth rate in this region. The population density per square kilometer is 1,200.9, which is Average.

Families in this area typically have an average size of 2.5 members, which is Low compared to the whole region. However, 52.2% of families have children, which is Below Average. Additionally, 50.2% of the population is married or living common law, also Below Average.

The average age of the population in this area is 46.7, which is High compared to other BC cities.

In terms of real estate, the average value of dwellings in this neighborhood is $524,288, which is Above Average compared to other areas in British Columbia. The average owner payments are Average, with $1,177 spent on dwellings. Tenants, however, are paying $1,418 in this area, which is High compared to other cities.

Interestingly, 35.9% of the population in this area are renters, which is Above Average compared to other BC cities and areas. The majority of residents, 83%, speak only English, which is Below Average.

Finally, 12.8% of the