305 535 Smithe St, Vancouver, BC, MLS^® R3062961

Welcome to 305 535 Smithe Street, Vancouver, BC, a prime location in the heart of Downtown Vancouver!

As a trusted realtor with extensive knowledge of the area, I'm excited to share with you the features and amenities that make this property a gem. Located at 305 535 Smithe Street, this stunning property boasts a unique blend of modern comfort and urban convenience.

Education

When it comes to education, families in this neighborhood have access to some of the best schools in the city. Lord Strathcona Community Elementary School, located just 0.63 km from the property, is a highly-rated institution that offers a well-rounded education to its students. Additionally, King George Secondary School, situated 1.67 km from the property, provides a comprehensive secondary education to students in the area.

For parents seeking alternative educational options, The Westside School, an independent elementary school, is just 0.49 km from the property, while Lowell High School, a nearby independent secondary school, is a mere 0.34 km away.

Safety and Crime Rates

Safety is a top concern for any family, and I'm happy to report that the neighborhood surrounding 305 535 Smithe Street has an average crime rate compared to other Canadian cities, according to the 2020 statistics from Statistics Canada. With 52,217 incidents reported, the overall crime rate of 7,470.82 per 100,000 population is relatively low. However, it's essential to note that property crimes in the area are above average, with a rating of 5,020.27 and 35,089 incidents reported in 2020. Fortunately, violent crime rates in the area are below average, with 1,311.69 incidents reported in 2020.

Demographics

The demographics of the neighborhood surrounding 305 535 Smithe Street are diverse and vibrant. With 58.5% of the population holding a university certificate or degree, this area is a hub of intellectual activity. Conversely, only 2.4% of the population has no certificate or degree, making it an excellent choice for families seeking a supportive community.

Transit and Commuting

Convenience is key when it comes to daily commutes, and 305 535 Smithe Street is perfectly positioned for easy access to public transportation. The Northbound Granville St @ Smithe St bus station is just 0.16 km away, making it an ideal choice for those who prefer to use public transport.

Lifestyle Amenities

This property is surrounded by a wealth of lifestyle amenities that cater to diverse interests and preferences. The neighborhood features numerous parks, beaches, and trails, including the picturesque Stanley Park, which is just a short walk away. For shopping enthusiasts, the nearby Granville Island Public Market offers a unique shopping experience, while the trendy boutiques and restaurants along Davie Street are just a short stroll away.

Real Estate Context

The real estate market in this area is characterized by high demand and limited supply, making it an attractive choice for investors and homeowners alike. With an average dwelling value of $745,989, this neighborhood is one of the most expensive in British Columbia. However, the high average owner payments of $1,792 and tenant payments of $1,723 suggest that the area is worth the investment.

Community Statistics

The community surrounding 305 535 Smithe Street is a diverse and vibrant one, with 61.7% of the population renting their homes, which is high compared to other BC cities. The median household income in the area is $65,920, which is average compared to the British Columbia average. However, the median personal income of $42,581 is high compared to the BC average.

Language and Transportation

Language diversity is a hallmark of this community, with 10.5% of the population speaking both English and French, 87.2% speaking only English, and 0.1% speaking only French. Additionally, 18.7% of the population uses public transport, 24.5% use cars, 1.7% use bicycles, and 53.4% walk, making it an excellent choice for those who prioritize sustainability.

Investment Potential

With its high average dwelling value, high owner payments, and high tenant payments, 305 535 Smithe Street is an attractive choice for investors seeking a stable and lucrative investment opportunity.

In conclusion, 305 535 Smithe Street, Vancouver, BC, MLS^® R3062961, is a stunning property that offers the perfect blend of modern comfort, urban convenience, and community amenities. Whether you're a family, investor, or homeowner, this property is an excellent choice for those seeking a unique and rewarding living experience.

Contact me today to schedule a viewing and make 305 535 Smithe Street your