1506 1088 Richards St, Vancouver, BC, MLS^® R3037710

Welcome to 1506 1088 Richards Street, a stunning property located in the heart of Vancouver's vibrant Yaletown neighborhood, proudly listed with MLS^® R3037710. As we walk through this amazing community, I'd like to highlight some of the incredible features that make this area so desirable.

First, let's talk about the schools. Lord Strathcona Community Elementary School is just 0.95 km away from this beautiful home, offering a rating of No Rating, perfect for families who value a strong educational foundation. Additionally, King George Secondary School is also within walking distance, located 1.75 km from this property, providing an excellent secondary education option for students.

For families seeking independent school options, The Westside School is the closest elementary school, with a rating of No Rating, located just 0.62 km from this home. Meanwhile, Pattison School, a secondary independent school, is situated 0.46 km away, offering a No Rating, making it an attractive choice for families who prefer a more personalized education experience.

Now, let's dive into the crime statistics. According to the freshest crime data from Statistics Canada (2020), this neighborhood has an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. In comparison, 52,217 disturbances occurred in this neighborhood, with a year-over-year change of -14.94% in the total crime rate.

Breaking down the crime statistics further, we see that the drug crime rate is Average, with an illegal substances offenses rating of 229.49. There were 1,604 illegal substances lawbreaking disturbances in this city in 2020, with a year-over-year change of 1.58%. On the other hand, property crimes in the neighborhood are Above Average, with a property misconduct rating of 5,020.27. There were 35,089 property misconduct incidents in the neighborhood in 2020, with a year-over-year change of -20.80%.

Fortunately, the violent crime rate in this neighborhood is Below Average, with a rating of 1,311.69. There were 9,168 violent lawbreaking disorders in 2020, with a year-over-year change of 3.53%.

Now, let's explore the transportation options. The closest bus station is Northbound Seymour St @ Nelson St, which is just 0.18 km away from this property, making it an excellent choice for those who rely on public transportation.

In terms of demographics, this neighborhood is characterized by a high level of education, with 52% of the population holding a university certificate or degree, which is High compared to other BC neighborhoods. On the other hand, 5.5% of the population have no certificate or degree, which is Low compared to the average in BC.

The median household income in this neighborhood is $62,771, which is Below Average compared to the British Columbia average. However, the median personal income is $41,842, which is Above Average in comparison to the BC average. Additionally, 73.7% of households in this neighborhood have a mortgage, which is High.

The unemployment rate in this area is 4.3%, which is Low compared to other province neighborhoods. This is an attractive feature for those seeking a stable and secure community.

As for population growth, this neighborhood has experienced a high rate of growth between 2011 and 2016, with a population change of 21.5%, which is High compared to average growth rates in this region.

In terms of population density, this community has a high density of 31,632.3 people per square kilometer, making it one of the most densely populated areas in the region.

The average size of families in this neighborhood is 2.3, which is Low compared to the whole region. Additionally, 27.3% of families in this neighborhood have children, which is Low. Meanwhile, 40.6% of the population are married or living common law, which is Low.

The average age of the population in this neighborhood is 38.8, which is Below Average compared to other BC cities. This makes it an attractive choice for families with young children or retirees seeking a vibrant community.

In terms of real estate, the average value of dwellings in this neighborhood is $651,930, which is High compared to other areas in British Columbia. The average owner payments are High in this area, with owners spending an average of $1,621 on their dwellings. Meanwhile, tenants are paying $1,478 on average, which is also High compared to other cities.

Interestingly, 58% of the population in this neighborhood are renters, which is High compared to other BC cities and areas. This suggests a strong rental market and a diverse range of housing options.

Finally, let's look at the language spoken in this neighborhood. 11.