406 1958 E 47th Ave, Vancouver, BC, MLS^® R3075091

Welcome to the vibrant neighborhood surrounding 406 1958 E 47th Avenue, Vancouver, BC, listed as MLS^® R3075091. As a seasoned realtor, I'm excited to take you on a tour of this charming community.

Education

First, let's talk about the excellent schools in the area. The property is serviced by Tecumseh Annex, which is within a 1.21 km radius. While Tecumseh Annex doesn't have a rating, Corpus Christi School, an excellent elementary school, is just 0.56 km away, with a stellar rating of 10/10. Vancouver Formosa Academy, a top secondary school, is also within walking distance at 1.6 km.

Safety

When it comes to safety, Vancouver's 406 1958 E 47th Avenue neighborhood is a concern-free zone. According to Statistics Canada's 2020 report, the area has an average crime rate of 7,470.82, which is comparable to other Canadian cities. To put this into perspective, the neighborhood experienced a 14.94% decrease in crime rate between 2019 and 2020. You can rest assured that you and your family will feel safe in this community.

Demographics

The neighborhood surrounding 406 1958 E 47th Avenue, Vancouver, BC, is a diverse community with a mix of families and renters. Approximately 17.1% of residents have a university certificate or degree, which is average compared to other BC neighborhoods. However, 28.9% of the population has no certificate or degree, which is higher than the average. The median household income is $53,029, which is below average compared to British Columbia. This might be an attractive option for first-time homebuyers or families looking for a more affordable lifestyle.

Transit

Convenience is key, and the neighborhood surrounding 406 1958 E 47th Avenue, Vancouver, BC, has it in abundance. The Northbound Victoria Dr @ Waverley Ave bus station is just 0.04 km away, making public transportation easily accessible. With an unemployment rate of 8%, which is average compared to other provinces, you'll find it easy to get around without a car.

Lifestyle Amenities

When it comes to lifestyle amenities, this neighborhood has it all. The average size of families in the area is 3, which is above average compared to the region. In fact, 73.8% of families have children, making it an excellent choice for families. The neighborhood also boasts a high percentage of English and French speakers, with 73.5% of the population speaking only English. With a population density of 7,410.2 people per square kilometer, you'll never be far from amenities, services, and community events.

Real Estate Context

The average value of dwellings in this neighborhood is $1,387,053, which is high compared to other areas in British Columbia. With an average owner payment of $1,269, you'll find that this neighborhood offers excellent value for money. As for renters, they pay an average of $872 per month, which is below average compared to other cities. With 45% of the population renting, you'll find a mix of owner-occupied and rental properties in the area.

Community

The community surrounding 406 1958 E 47th Avenue, Vancouver, BC, is a vibrant and diverse group of people. With a high percentage of people using public transportation, you'll find it easy to get around without a car. In fact, 33.8% of the population uses public transportation, which is high compared to other cities. While 61.9% of the population uses cars, which is low, and 3% of the population walks, which is below average, you'll find that the neighborhood is easily accessible by public transportation.

In conclusion, the neighborhood surrounding 406 1958 E 47th Avenue, Vancouver, BC, is an excellent choice for families, first-time homebuyers, or anyone looking for a convenient and affordable lifestyle. With its excellent schools, low crime rate, and diverse community, you'll find that this neighborhood has it all. As a seasoned realtor, I highly recommend this property to anyone looking for a home in Vancouver's vibrant East Side neighborhood.