401 988 Richards St, Vancouver, BC, MLS^® R3060551

Imagine you're walking through the vibrant streets of Yaletown, a charming neighborhood in the heart of Vancouver, BC. Let's explore the community surrounding 401 988 Richards Street, a beautiful home listed for sale with MLS^® R3060551.

As we stroll through the area, you'll find that 401 988 Richards Street is serviced by the highly-rated Lord Strathcona Community Elementary School, just 0.82 km away. This school is a beloved institution in the community, offering a nurturing environment for young minds to grow. Nearby King George Secondary School, with a rating of No Rating, is also within a short distance of 1.73 km, providing students with access to quality education.

In addition to these schools, we have The Westside School, a highly-regarded independent elementary school with a rating of No Rating, located just 0.53 km from this home. For secondary school students, Pattison School, also with a rating of No Rating, is conveniently located 0.43 km away.

Now, let's talk about safety. According to Statistics Canada's 2020 report, the area surrounding 401 988 Richards Street, Vancouver, BC has an overall crime rate of 7,470.82, which is classified as Average compared to other Canadian cities. The crime rate in this neighborhood has actually decreased by 14.94% over the years, making it a desirable place to live.

Breaking down the crime statistics further, we see that the drug crime rate is Average, with a rating of 229.49 and 1,604 incidents in 2020. The property crime rate is Above Average, with a rating of 5,020.27 and 35,089 incidents in 2020. However, the violent crime rate is Below Average, with a rating of 1,311.69 and 9,168 incidents in 2020.

As we head towards the nearest public transportation hub, we find the Northbound Seymour St @ Nelson St bus station just 0.11 km away from this listing with MLS^® R3060551. Staying connected to the city has never been easier.

Now, let's talk about the residents of this charming neighborhood. According to the latest census data, 58.5% of people in this area hold a university certificate or degree, which is High compared to other BC neighborhoods. On the other hand, only 2.4% of the population has no certificate or degree, making it a Low percentage compared to the average in BC.

In terms of income, the median household income near this dwelling is $65,920, which is Average compared to the BC average. However, the median personal income is $42,581, which is High compared to the BC average. Moreover, 72.4% of households in this area have a mortgage, which is High compared to other neighborhoods.

Unemployment rates in this area are also low, with a rate of 4.3% compared to other province neighborhoods. This is a testament to the economic stability of the community.

As we explore the demographics of this area, we find that the population change between 2011 and 2016 was 13.9%, which is High compared to average growth rates in this region. The population density per square kilometer is 9,296.6, which is High compared to other neighborhoods.

Families in this area tend to be smaller, with an average family size of 2.2, which is Low compared to the whole region. However, 25.3% of families in this area have children, which is Low. Moreover, 42.4% of the population is married or living common law, which is Low compared to other neighborhoods.

In terms of age, the average age of the population is 37.3, which is Low compared to other BC cities.

Now, let's talk about real estate in this area. The average value of dwellings in this neighborhood is $745,989, which is High compared to other areas in British Columbia. The average owner payments are also High, with owners spending $1,792 on average for their dwelling. Tenants, on the other hand, pay $1,723 on average, which is also High.

Finally, 61.7% of the population in this area are renters, which is High compared to other BC cities and areas.

As we conclude our tour of the 401 988 Richards Street neighborhood, we hope you've gained a better understanding of the community and its amenities. This home, listed with MLS^® R3060551, is a hidden gem in the heart of Yaletown, offering a unique blend of safety, education, and lifestyle amenities. Whether you're a first-time buyer or a seasoned investor, this property is definitely worth considering.