1603 388 Drake St, Vancouver, BC, MLS^® R3077820

Welcome to 1603 388 Drake Street, a stunning property located in the heart of Vancouver, BC. As a seasoned realtor, I'm excited to guide you through this incredible home and highlight its unique features.

Schools:

You'll be impressed by the top-notch schools in the area, including Elsie Roy Elementary School, which is just a 0.21 km stroll from the property. With a rating of 6.1/10, this school is a favorite among families, offering a nurturing environment that fosters academic excellence. Plus, your child will have access to King George Secondary School, just 2 km away, with a rating of No Rating. For those seeking independent education, Anchor Point Montessori is a 0.58 km walk, while Pattison School is a 0.8 km drive.

Crime:

According to the latest statistics from Statistics Canada (2020), this neighborhood boasts an average crime rate of 7,470.82, which is comparable to other Canadian cities. With a -14.94% year-over-year decrease in overall crime, this area is becoming increasingly safe. For example, the drug crime rate is average, with 229.49 incidents per 100,000 population, while property crimes are above average, with 5,020.27 incidents. However, violent crime rates are below average, with 1,311.69 incidents per 100,000 population.

Demographics:

This vibrant neighborhood is home to a diverse population, with 57% of residents holding a university certificate or degree. This is higher than the average in BC! You'll also find that 5.1% of the population has no certificate or degree, which is lower compared to other areas in the province. With a median household income of $88,789, this neighborhood is considered above average in comparison to other BC neighborhoods. Plus, the median personal income is $47,701, making it a great spot for professionals.

Transit:

Getting around is a breeze, thanks to the convenient proximity to public transportation. The Westbound Pacific Blvd @ Drake St bus station is just 0.03 km away, making it easy to hop on and off.

Lifestyle Amenities:

This property is surrounded by a wealth of amenities, including parks, beaches, trails, and dog parks. You'll be just a short walk from shopping malls, grocery stores, restaurants, and coffee shops. Plus, the nearby hospitals ensure that medical care is always within reach.

Real Estate Context:

As for the property itself, with an average dwelling value of $1,095,068, it's considered high compared to other areas in British Columbia. With a 44.6% renter population, this neighborhood is above average compared to other BC cities and areas. Plus, with an average owner payment of $1,964 and tenant payments of $1,910, this area is high compared to other cities.

Community:

This community is vibrant and diverse, with an average age of 43.8 years old. With a population density of 20,214.4 people per square kilometer, it's a bustling area with plenty of opportunities to connect with neighbors. Plus, with 48.4% of families with children, this area is a great spot for families.

Unemployment Rate:

With an unemployment rate of 4.5%, this area is considered low compared to other province neighborhoods.

Recent Developments:

Population growth in this neighborhood between 2011 and 2016 was 1.9%, which is average compared to this region. However, with a 22.8% population using public transportation, 45.1% using cars, 2.6% using bicycles, and 28.1% walking, this area is becoming increasingly pedestrian-friendly.

MLS Listing # R3077820:

This stunning property, located at 1603 388 Drake Street, Vancouver, BC, is listed with MLS listing # R3077820. Whether you're a first-time buyer or an experienced investor, this property is sure to impress.

Come and experience the best of Vancouver living at 1603 388 Drake Street. Contact me today to schedule a viewing and make this incredible property yours!