301 240 Francis Way, New Westminster, BC, MLS^® R3064206

Welcome to 301 240 Francis Way, a stunning property in the heart of New Westminster, BC!

As your trusted realtor, I'm excited to share with you the unique features and benefits of this incredible home, located in the MLS listing R3064206. Let's start with the essentials.

Education:

The property is serviced by École Qayqayt Elementary, a highly-rated school with a 7.2/10 rating, located just 0.89 km away. If you're looking for an independent elementary school, Urban Academy is just a 0.92 km stroll away, boasting an impressive 8.9/10 rating. For secondary education, Urban Academy is also your closest option, with the same impressive rating and distance.

Safety:

According to the latest crime data from Statistics Canada (2020), this neighbourhood has an average crime rate of 6,761.11, which is comparable to other Canadian cities. In fact, the year-over-year change in the total crime rate is a notable -10.42%. When it comes to drug-related crimes, the rate is below average, with a rating of 134.4 and a decrease of -5.34% in the past year. Property crimes are also average, with a rating of 3,807.97 and a decrease of -11.79%. Lastly, the violent crime rate is average, with 1,383.94 incidents in 2020, a decrease of -5.91%.

Demographics:

This neighbourhood is a hub of young professionals and families. With 33.6% of residents holding a university certificate or degree, this is a high percentage compared to other BC neighbourhoods. On the other hand, only 9.3% of the population has no certificate or degree, which is low compared to the average in BC. The median household income is $84,130, which is above average in comparison to the British Columbia average. The median personal income is $43,799, also high compared to the BC average. A significant 62.7% of households in this neighbourhood have a mortgage, which is above average.

Transit and Commuting:

You'll love the convenient location of 301 240 Francis Way, with the Northbound Ross Dr @ 200 Block bus station just 0.1 km away. In fact, 21.3% of the population in this area uses public transport, which is above average. For those who prefer to drive, 71.3% of the population uses cars, which is below average. Bicycles are used by 0.9% of the population, and walking is enjoyed by 4.9%.

Lifestyle Amenities:

This neighbourhood offers a range of lifestyle amenities, including parks, beaches, trails, and shopping malls. You'll find plenty of grocery stores, restaurants, and coffee shops nearby. For families, there are several excellent schools in the area, including École Qayqayt Elementary and Urban Academy. The average size of families in this area is 2.7, which is below average. However, a significant 52.2% of families in this area have children, which is below average. % of Married or living common law is around 58.9%, which is average.

Real Estate Context:

The average value of dwellings in this neighbourhood is $669,254, which is high compared to other areas in British Columbia. The average owner payments are above average in this area, with owners spending an average of $1,487 per month. Tenants, on the other hand, pay an average of $1,302 per month, which is also above average. Only 21% of the population in this area are renters, which is average compared to other BC cities.

Conclusion:

301 240 Francis Way is a fantastic property in a thriving neighbourhood in New Westminster, BC. With its excellent schools, safe environment, and convenient location, this home is perfect for families and young professionals alike. Whether you're looking for a place to raise your children or a comfortable spot to enjoy your retirement, this property has something for everyone. Contact me today to schedule a viewing and make this incredible home yours!