2504 1111 Richards St, Vancouver, BC, MLS^® R3080895

Welcome to the vibrant Downtown Vancouver neighborhood, where the urban lifestyle meets convenience and charm. Let me guide you through the features of this fantastic property located at 2504 1111 Richards Street, Vancouver, BC, and listed with MLS^® R3080895.

As we step into this fantastic community, you'll find yourself surrounded by excellent educational institutions. Your children will thrive at Lord Strathcona Community Elementary School, just a 1.03 km stroll away from this property. With a rating of No Rating (we'll keep an eye on this one!), this school is an excellent choice for families. Additionally, King George Secondary School is only 1.73 km from this home, catering to your kids' secondary education needs.

If you're considering alternative education options, there are excellent choices in the vicinity. Anchor Point Montessori, an Elementary independent school, is just 0.54 km away from this home, while Pattison School, a Secondary independent school, is a mere 0.46 km from this property.

Now, let's talk about safety. According to the latest crime statistics from Statistics Canada (2020), this neighborhood has an overall crime rate of 7,470.82, which is considered Average compared to other Canadian cities. While there were 52,217 incidents in the area, the rate per 100,000 population is a reassuring 7,470.82. It's worth noting that the crime rate has decreased by 14.94% over the years, making this a relatively safe area to live in.

Drugs and property crimes are also a concern in any community. Fortunately, the rates in this neighborhood are Average and Above Average, respectively. The illegal substances offenses rate is 229.49, and property misconduct is 5,020.27. These numbers are slightly higher than the provincial averages, but the overall crime rate remains relatively low.

As you navigate the neighborhood, you'll find public transportation options convenient and accessible. The closest bus station, Northbound Seymour St @ Davie St, is just 0.11 km away from this property, making it an excellent choice for commuters.

Now, let's talk about demographics. This community is known for having a highly educated population, with 52% of residents holding a university certificate or degree – a High percentage compared to other BC neighborhoods. On the other hand, only 5.5% of the population has no certificate or degree, which is Low compared to the provincial average.

In terms of household income, the median household income near this property 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. Moreover, 73.7% of households in this census subdivision own their homes, which is a High percentage.

Unemployment rates in this area are also relatively low, at 4.3%, making it an attractive choice for job seekers. Population growth in this community has been significant, with a 21.5% increase between 2011 and 2016 – a High growth rate compared to the average.

As we explore this neighborhood, you'll notice a high population density of 31,632.3 people per square kilometer, which is High compared to other areas. The average family size in this community is 2.3 people, which is Low compared to the regional average. Moreover, 27.3% of families in this area have children, which is Low, while 40.6% of residents are married or living common law, also Low.

In terms of age demographics, the average age of the population in this area is 38.8 years, which is Below Average compared to other BC cities. The average value of dwellings in this neighborhood is $651,930, which is High compared to other areas in British Columbia.

As for housing costs, owners in this area spend an average of $1,621 per month, while tenants pay $1,478, both of which are High compared to other cities.

Lastly, 58% of the population in this area are renters, which is High compared to other BC cities and areas. Language diversity is also notable, with 11.4% of the population speaking both English and French, 86.8% speaking only English, and 0.1% speaking only French.

As for transportation, 22% of the population in this area use public transportation, which is Above Average. On the other hand, 28% of residents use cars, which is Low. 2% of people use bicycles, which is Above Average, while 45.8% of the population walk, which is High.

In conclusion, this property at 2504 1111 Richards Street, Vancouver, BC, listed with MLS^® R3080895, offers an excellent balance of convenience, safety, and community amenities.