3925 Wallace St, Vancouver, BC, MLS^® R3075048

Welcome to 3925 Wallace Street, a charming home for sale in the heart of Dunbar, Vancouver, BC. As your trusted realtor, I'm excited to guide you through the features and benefits of this property, MLS^® R3075048.

Education

Just down the road from this beautiful home is Queen Elizabeth Elementary School, rated 6.4/10, and conveniently located 0.97 km away. Families love this area because of its excellent schools, and Queen Elizabeth is no exception. For independent school options, Immaculate Conception School and St George's School are nearby, with ratings of 8.8/10 and 10/10, respectively.

Safety and Crime

According to Statistics Canada's 2020 report, this neighbourhood has an average crime rate of 7,470.82, which is typical for an urban area. However, with a -14.94% year-over-year change, we're seeing a decrease in crime rates, making this a safe and desirable community. Specifically, the drug crime rate is average, with a rating of 229.49, and property crimes are above average, with a rating of 5,020.27. Violent crime rates are below average, with a rating of 1,311.69.

Lifestyle and Amenities

Dunbar is a vibrant and family-friendly neighbourhood, with plenty of amenities to enjoy. The closest bus station is Northbound Dunbar St @ W King Edward Ave, just 0.43 km away from this property, making it easy to get around the city. This area is also close to many parks, beaches, and trails, perfect for outdoor enthusiasts.

Demographics

The community surrounding 3925 Wallace Street is diverse and educated, with 52.6% of residents holding a university certificate or degree, which is high compared to other BC neighbourhoods. The median household income is $92,818, above average, and the median personal income is $37,262, also above average. However, the percentage of households with a mortgage is low at 47.2%.

Unemployment and Population Growth

The unemployment rate in this area is 5.7%, below average, and the population growth between 2011 and 2016 was 0.1%, average for this region. The population density per square kilometre is high at 3,730.1, which is a desirable feature for those who value urban living.

Family Dynamics and Transportation

The average family size in this area is 3, above average, and 70.1% of families have children, making it a great community for families. The average age of the population is 40.9, average for BC cities. As for transportation, 22.5% of residents use public transport, 62.8% use cars, 6.7% use bicycles, and 5.7% walk, making it a relatively bike-friendly and walkable area.

Real Estate Context

The average value of dwellings in this area is $2,729,934, which is high compared to other areas in British Columbia. Average owner payments are high at $2,289, and tenants pay $1,693 on average. A significant 27.2% of the population are renters, which is average for BC cities.

Language and Transportation Habits

The community surrounding 3925 Wallace Street is multilingual, with 15% speaking both English and French, 79.7% speaking only English, and 5.1% speaking neither language. Transportation habits include a high percentage of bicycle users at 6.7% and a low percentage of car users at 62.8%.

In summary, 3925 Wallace Street, Vancouver, BC, MLS^® R3075048, is a fantastic property in a desirable neighbourhood with excellent schools, safety, and community amenities. As your trusted realtor, I'm here to guide you through the process and help you find your dream home.