296 W 1st Ave, Vancouver, BC, MLS^® R3084956

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Welcome to 296 W 1st Avenue in the heart of Vancouver, BC - a thriving neighborhood with a vibrant community. This exceptional home for sale, listed as MLS^® R3084956, presents an unparalleled opportunity to experience the best of urban living.

Let's start with the schools. Your children will thrive at Simon Fraser Elementary School, just a 1.35 km stroll away from this property. With a respectable rating of 5.9/10, this school is a great choice for families. If you're looking for an independent school option, The Westside School is just 0.95 km away, offering a unique educational experience. Alternatively, St. John's International Secondary School is within a 0.64 km radius, providing a comprehensive education for your child.

Regarding crime rates, our neighborhood has made significant strides in recent years. According to the latest data from Statistics Canada (2020), this area boasts an average crime rate of 7,470.82 incidents per 100,000 population, which is well within the typical urban range. While there were 52,217 disturbances in the neighborhood, the overall trend is a downward spiral, with a year-over-year change of -14.94%. When it comes to specific types of crime, we see that the drug crime rate is average, with a rating of 229.49 and 1,604 incidents in 2020, showing a slight increase of 1.58%. Property crimes, however, are a concern, with a rating of 5,020.27 and 35,089 incidents in 2020, but a notable decrease of -20.80% year over year. Lastly, the violent crime rate stands at 1,311.69, which is below average, with 9,168 incidents in 2020 and a 3.53% year-over-year increase.

Now, let's talk about transportation. The closest bus station is Westbound W 2nd Ave @ Crowe St, just a 0.1 km walk from this property, making it an ideal location for commuters.

Demographically, this neighborhood is a hub of intellectual pursuits, with 58.9% of the population holding a university certificate or degree, which is significantly higher than the average in British Columbia. Conversely, only 2.8% of the population have no certificate or degree, which is relatively low. The median household income in this area is a respectable $89,971, outpacing the provincial average. Furthermore, the median personal income is $57,280, also above average. Notably, 72.3% of households in this area have a mortgage, indicating a high level of homeownership.

The unemployment rate in this area is a mere 4.2%, which is exceptionally low compared to other neighborhoods in the province. This is likely due to the area's thriving economy and high demand for skilled professionals.

In terms of population growth, this neighborhood has experienced a remarkable 69.4% increase between 2011 and 2016, outpacing the average growth rate in this region. With a population density of 8,935.3 people per square kilometer, this area is quite densely populated. On average, families in this area consist of 2.4 members, which is relatively low. Furthermore, 33% of families in this area have children, and 58% of the population is married or living common law, which is average.

The average age of the population in this area is 39, which is below average compared to other cities in British Columbia. Lastly, the average value of dwellings in this neighborhood is a staggering $814,643, which is significantly higher than the average in British Columbia.

In terms of housing costs, owners in this area spend an average of $1,860 per month, while tenants pay an average of $1,709. Notably, 45.7% of the population in this area are renters, which is above average compared to other cities in British Columbia.

In conclusion, 296 W 1st Avenue in Vancouver, BC (MLS^® R3084956) offers an exceptional opportunity to live in a vibrant, diverse neighborhood with a strong sense of community. With its excellent schools, low crime rates, and high median income, this property is a dream come true for many families. Whether you're a young professional or a growing family, this home for sale has something for everyone.