316 55 Eighth Ave, New Westminster, BC, MLS^® R3079567

Welcome to 316 55 Eighth Avenue, a beautiful home nestled in the heart of New Westminster, BC. As your trusted realtor, I'm excited to take you on a tour of this fantastic community and highlight the many features that make it a great place to call home.

First, let's talk about the schools in the area. This property is serviced by Herbert Spencer Elementary School, which is just a 0.46 km stroll away. With a rating of 6.6/10, Herbert Spencer Elementary is a great choice for families looking for a solid education. If you're interested in independent schooling, John Knox Christian School is just 0.71 km from this home, with a impressive rating of 9.2/10. For secondary education, Vancouver International College is within a 1.1 km radius, offering a range of programs and courses.

Now, let's talk about safety. According to the latest crime data from Statistics Canada (2020), this neighborhood has an average crime rate of 6,761.11, which is comparable to other Canadian cities. To put this into perspective, the average crime rate in Canada is around 5,800 incidents per 100,000 population. What's more, the year-over-year change in the total crime rate is a impressive -10.42%. When it comes to specific types of crime, the drug crime rate is below average, with a rating of 134.4 and a decrease of 5.34% year over year. Property crimes are also average, with a rating of 3,807.97 and a decrease of 11.79% year over year. Violent crimes are also relatively low, with a rate of 1,383.94 and a decrease of 5.91% year over year.

Now, let's talk about the community itself. This neighborhood is close to public transportation, with the Eastbound 8th Ave @ Park Cres bus station just 0.09 km away. In fact, 20.6% of the population in this area uses public transportation, which is above average.

The community is also highly educated, with 31.3% of the population holding a university certificate or degree, which is above average in comparison to other BC neighborhoods. On the other hand, 11.9% of the population has no certificate or degree, which is considered low.

In terms of income, the median household income in this area is $74,176, which is average compared to the British Columbia average. However, the median personal income is $40,096, which is above average. Additionally, 64.2% of households in this area have a mortgage, which is above average.

Unemployment rates in this area are also low, at 4.1%, which is lower than the average in other provinces.

This home is located in the GlenBrooke North neighborhood, where the population has grown by 5.2% between 2011 and 2016, which is above average. The population density in this area is 3,705.6 people per square kilometer, which is high.

The average size of families in this area is 2.9, which is average. However, 62.6% of families in this area have children, which is above average. The average age of the population in this area is 42.9, which is above average.

In terms of real estate, the average value of dwellings in this neighborhood is $1,004,360, which is high compared to other areas in British Columbia. Average owner payments are also high in this area, at $1,795 per month.

Finally, 41.4% of the population in this area are renters, which is above average compared to other BC cities and areas. However, 86.2% of the population speaks only English, which is below average. 12.1% of the population speaks both English and French, which is above average.

As you can see, 316 55 Eighth Avenue is a fantastic home in a wonderful community. With its proximity to public transportation, highly educated population, and low crime rate, this neighborhood is a great place to call home. If you're looking for a home with character and charm, I highly recommend taking a closer look at this property.