14.3% price reduction
Strata unit 3 is an exciting opportunity to purchase and hold until other strata owners in this owner occupied 4 units strata lot decide to sell. The strata windup for such a small strata is a simple process. It is located one block North of 4th Ave, at the top of the hill, on the West corner of W 3rd and Vine. Kitsilano Beach is only 4 blocks away. The lot is in a TOA zone, with potential rezoning and gorgeous views. The City of Vancouver's Broadway Development Plan extends to Vine St. and there are lots of buildings & towers coming to the area. Drive by and check out the redevelopment signs. This cute 4 bedrooms 1/2 duplex style town house was renovated with electrical and plumbing upgrades, updated drain tiles, cozy main floor, fully finished basement and fun finished upper floor.
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 15' x 15' ft |
| Main Level | Dining Room | 8'6 x 8'6 ft |
| Main Level | Kitchen | 10'7 x 10'7 ft |
| Main Level | Primary Bedroom | 10'1 x 10'1 ft |
| Below | Foyer | 12' x 12' ft |
| Below | Laundry | 7' x 7' ft |
| Below | Bedroom | 18' x 18' ft |
| Below | Bedroom | 16'16 x 16'16 ft |
| Above Level | Bedroom | 12'11 x 12'11 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
| Below | No | #3 |
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
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Welcome to 2305 W 3rd Avenue, a beautiful home located in the heart of Vancouver, BC. As we walk through the community, I'd like to share with you some of the exciting features and amenities that make this neighborhood so special.
Schools
Just a short distance from our home, you'll find Henry Hudson Elementary School, rated 6.2/10. This school is a fantastic option for families, with a diverse community and a strong focus on academic excellence. As a matter of fact, our home is located just 0.75 km from the school, making it an ideal choice for families with kids. In addition to Henry Hudson, we're also serviced by Kitsilano Secondary School, which is located just 0.91 km away.
If you're looking for an independent school option, St. Augustine's Elementary is just 0.54 km from our home, while St. John's School is a short 0.7 km away.
Safety
As a parent, one of your top concerns is likely the safety of your community. According to the latest crime statistics from Statistics Canada (2020), our neighborhood has an average crime rate of 7,470.82 incidents per 100,000 population. This is slightly above the national average, but still a reassuringly low number. In fact, our neighborhood has seen a decrease in crime over the past year, with a 14.94% drop in total crime rate.
If you're concerned about specific types of crime, you'll be pleased to know that our neighborhood has an average drug crime rate, with 229.49 incidents per 100,000 population. Property crime is also a relatively low concern, with an above-average rate of 5,020.27 incidents per 100,000 population.
Demographics
Our neighborhood is a vibrant and diverse community, with a high percentage of university-educated residents. In fact, 55.1% of people in our neighborhood hold a university certificate or degree, which is significantly higher than the provincial average. On the other hand, only 2% of residents in our neighborhood have no certificate or degree, which is a reassuringly low number.
In terms of income, the median household income in our neighborhood is $70,459, which is average compared to other areas in British Columbia. However, the median personal income is significantly higher, at $49,465, which is a testament to the high earning potential of our residents.
Transit
As you can see, our neighborhood is perfectly situated for commuters, with a range of public transportation options available. The closest bus station is just 0.17 km away, and we're also close to several major highways.
Lifestyle Amenities
Our neighborhood is home to a range of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. In fact, our neighborhood has a high percentage of residents who walk or bike to work, with 26.6% using public transport, 49.4% using cars, 11.5% using bicycles, and 11.1% walking.
Real Estate Context
As you'd expect from a neighborhood like ours, the average dwelling value is high, at $1,030,414. In fact, our neighborhood has one of the highest average dwelling values in all of British Columbia. However, the average owner payments are also relatively high, at $1,473 per month. On the other hand, tenants are paying an average of $1,421 per month, which is a testament to the high demand for housing in our area.
Overall, 2305 W 3rd Avenue is a fantastic option for anyone looking for a safe, diverse, and vibrant community with easy access to public transportation and a range of lifestyle amenities. With its high average dwelling value, high percentage of university-educated residents, and above-average income levels, our neighborhood is a great choice for anyone looking to invest in a property that will appreciate in value over time.
If you're interested in learning more about this property or would like to schedule a viewing, please don't hesitate to contact me. I'd be delighted to show you around and answer any questions you may have.
MLS® R3067479, 2305 W 3rd Avenue, Vancouver, BC
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