1901 501 Pacific St, Vancouver, BC, MLS^® R3073539

Welcome to 1901 501 Pacific Street, Vancouver, BC. I'm thrilled to introduce you to this incredible property, currently listed as MLS^® R3073539. As your trusted realtor, I'll guide you through the features and benefits of this fantastic neighborhood.

Let's start with the schools. Elsie Roy Elementary School, with its rating of 6.1/10, is just a short 0.42 km away from this beautiful home. Families love this area because of the school's excellent reputation and the convenience of having top-notch education so close by. King George Secondary School is also nearby, at 1.86 km, offering a range of academic and extracurricular opportunities for your children.

As you explore the community, you'll notice that this neighborhood is close to a variety of independent schools, including Anchor Point Montessori, located just 0.39 km away, and Pattison School, at 0.76 km. These schools offer a unique learning experience and cater to different educational needs.

Now, let's talk about crime rates. According to the latest statistics from Statistics Canada (2020), the overall crime rate in this area is 7,470.82, which is considered Average compared to other Canadian cities. However, it's essential to note that the crime rate has decreased by 14.94% year-over-year. The neighborhood is generally a safe place to live, and residents can enjoy peace of mind knowing that the local authorities are working hard to maintain a low crime rate.

Regarding demographics, this area is known for its high level of education, with 47% of the population holding a university certificate or degree – a remarkable statistic that highlights the community's strong academic values. In contrast, only 4.8% of the population has no certificate or degree, which is significantly lower than the average in BC.

In terms of income, the median household income in this neighborhood is $55,936, which is Below Average compared to the British Columbia average. However, the median personal income is $40,817, which is Above Average. The percentage of households with a mortgage is 72.8%, indicating a high level of home ownership in the area.

Commuting is also a breeze with various public transportation options available. The closest Bus station, Westbound Pacific St @ Richards St, is just 0.07 km away from this property. You can easily access major highways and SkyTrain stations, making it convenient to get around the city.

As you explore this neighborhood, you'll discover a vibrant community with a mix of young professionals, families, and retirees. The area is known for its high population density, with 34,624.2 people per square kilometer – a testament to its popularity and desirability.

Average family size in the area is 2.2, which is lower than the regional average. However, the percentage of families with children is 24.4%, which is relatively low. The average age of the population is 38.6, which is Below Average compared to other BC cities.

In terms of housing, the average value of dwellings in this neighborhood is $705,201, which is significantly higher than the average in other areas of British Columbia. The average owner payments are also High, with owners spending an average of $1,746 per month. Tenants, on the other hand, pay an average of $1,369 per month, which is also High.

Interestingly, 65.6% of the population in this district are renters, which is higher than the average in other BC cities and areas. This suggests that the neighborhood has a diverse range of housing options, catering to different needs and preferences.

As you navigate the community, you'll notice that 26% of the population uses public transport, which is relatively High. On the other hand, 27.2% of the population uses cars, which is lower than the average. A significant number of residents, 3.2%, use bicycles, and 41.7% walk, indicating a strong emphasis on sustainability and environmentally friendly transportation.

In summary, 1901 501 Pacific Street, Vancouver, BC (MLS^® R3073539) is a unique and desirable property in a vibrant neighborhood. With its excellent schools, low crime rate, and high level of education, this area is perfect for families and professionals alike. Come and experience the best of Vancouver living at this fantastic property!