402 220 Salter St, New Westminster, BC, MLS^® R3062337

Welcome to 402 220 Salter Street, a stunning property in the heart of New Westminster, BC!

As your trusted realtor, I'm excited to guide you through the community, highlighting the best features and amenities that make this area truly special.

Education

First, let's talk about the excellent schools in the area. Your children will thrive at Queen Elizabeth Elementary School, which is just 1.86 km from our property at 402 220 Salter Street. This school has a rating of 6.1/10, making it a great choice for families. If you're looking for an alternative, the Urban Academy (rating 8.9/10) is just 1.95 km away, offering a unique and supportive learning environment. For secondary education, Purpose Independent Secondary School (no rating) is just 1.2 km from our property, providing a personalized approach to learning.

Safety

When it comes to safety, you'll feel at ease in this neighborhood. According to the latest crime data from Statistics Canada (2020), our community has an average crime rate of 6,761.11, which is comparable to other Canadian cities. The rate of volation disturbances is 5,584, and the year-by-year change in the total crime rate is -10.42%. Additionally, the drug crime rate is below average, with a rating of 134.4, and the property crimes are average, with a rating of 3,807.97. You can rest assured that you and your family will feel safe and secure in this community.

Demographics

This neighborhood is a vibrant and diverse community, with a population that's growing rapidly. As of 2020, 28% of the population holds a university certificate or degree, which is above average compared to other BC neighborhoods. On the other hand, 14.6% of the population has no certificate or degree, which is below average. The median household income is $94,805, which is high compared to the British Columbia average. The median personal income is $37,865, also above average. Furthermore, 82.9% of households have a mortgage, which is high in comparison to other areas.

Transit

Convenience is key when it comes to transportation. The Southbound Furness St @ Ewen Ave bus station is just 0.35 km away from our property at 402 220 Salter Street. With numerous public transportation options available, you'll have easy access to the surrounding area and beyond.

Lifestyle Amenities

Our community boasts a range of lifestyle amenities that make it an ideal place to call home. With a population density of 2,609.3 people per square kilometer, you'll be surrounded by a diverse and vibrant community. The average family size is 3, which is above average, and 66.9% of families have children, making it an excellent choice for families. Additionally, the average age of the population is 36.4, which is low compared to other BC cities.

Real Estate Context

As for the real estate market, our property at 402 220 Salter Street is located in a highly sought-after area. The average value of dwellings in this neighborhood is $725,290,

which is high compared to other areas in British Columbia. The average owner payments are also high, with an average of $1,958 per month. Tenants, on the other hand, pay an average of $1,214 per month, which is above average. With 27.6% of the population being renters, this neighborhood offers a mix of homeownership and rental options.

Unemployment and Population Growth

In terms of unemployment, our community has a rate of 6.5%, which is below average compared to other province neighborhoods. The population growth between 2011 and 2016 was 22.5%, which is high compared to average growth rates in the region. This makes our community an attractive choice for those looking for a dynamic and growing area.

Language and Transportation

When it comes to language, 4.1% of the population speaks English and French, which is low compared to other BC cities. However, 90.7% of the population speaks only English, which is average. Only 0.1% of the population speaks only French, which is low. Additionally, 5.1% of the population speaks neither English nor French, which is high compared to other BC cities.

Transportation

For transportation, 21.5% of the population uses public transport, which is above average. On the other hand, 73.8% of the population uses cars, which is below average. 1.1% of the population uses bicycles, which is average, and 2.9% of the population walks, which is below average.

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