403 988 Richards St, Vancouver, BC, MLS^® R3073696

Welcome to the vibrant neighborhood of Yaletown, where the urban charm and convenience meet the ultimate living experience. Located at 403 988 Richards Street, Vancouver, BC, this stunning property boasts an incredible blend of lifestyle amenities, excellent education options, and unbeatable connectivity.

As we explore the community, you'll discover that this home with the MLS listing number R3073696 is serviced by two exceptional schools: Lord Strathcona Community Elementary School, rated No Rating, and located just 0.82 km away; and King George Secondary School, also rated No Rating, situated 1.73 km from the property. For those seeking an independent educational experience, The Westside School is just 0.53 km away, offering a No Rating. Additionally, Pattison School, a secondary independent school, is within a short 0.44 km distance, also with a No Rating.

Now, let's take a closer look at the neighborhood's safety and crime statistics. According to the latest data from Statistics Canada (2020), this area boasts an average crime rate of 7,470.82 incidents per 100,000 population, which is typical for Canadian cities. Notably, the year-over-year change in the total crime rate is a remarkable -14.94%. When it comes to drug crime, the rate is average, with 1,604 illegal substances lawbreaking disturbances in 2020. Property crimes in the area are above average, with 35,089 incidents reported in 2020. However, the violent crime rate is below average, with 9,168 violent lawbreaking disorders in 2020.

As we explore the neighborhood's lifestyle amenities, you'll find that the closest bus station, Northbound Seymour St @ Nelson St, is just 0.11 km away from the property with the MLS listing number R3073696. This convenient location makes it easy to get around the city or explore nearby attractions.

Now, let's dive into the demographics of this vibrant neighborhood. With 58.5% of the population holding a university certificate or degree, this area is considered high in comparison to other BC neighborhoods. On the other hand, 2.4% of the population in this area have no certificate or degree, which is low compared to the average in BC. The median household income is $65,920, which is average in comparison to the British Columbia average. However, the median personal income is $42,581, which is high in comparison to the BC average. A significant 72.4% of households in this census subdivision have a mortgage, making it a desirable area for homebuyers.

In terms of employment, the unemployment rate in this area is an impressive 4.3%, which is low in comparison to other province neighborhoods. The population change between 2011 and 2016 was 13.9%, which is high in comparison to average growth rates in this region. With a population density of 9,296.6 people per square kilometer, this neighborhood is considered high in terms of population density.

As you explore the community, you'll notice that the average family size is 2.2, which is low compared to the whole region. Moreover, 25.3% of families in this area have children, which is low. The percentage of married or living common-law couples is 42.4%, also low. The average age of the population is 37.3, which is low in comparison to other BC cities.

When it comes to real estate, 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 dwellings. Tenants in this area are paying $1,723 on average, which is also high compared to other cities.

Lastly, 61.7% of the population in this area are renters, which is high compared to other BC cities and areas. In terms of languages spoken, 10.5% of the population speaks both English and French, which is above average. However, 87.2% of the population speaks only English, which is below average. A negligible 0.1% of the population speaks only French, while 2.2% speak neither English nor French.

As you can see, 403 988 Richards Street, Vancouver, BC, with MLS listing number R3073696, offers an incredible blend of lifestyle amenities, excellent education options, and unbeatable connectivity. This property is a must-see for anyone looking to experience the best of Vancouver's vibrant neighborhoods.