408 503 W 16th Ave, Vancouver, BC, MLS^® R3070495

Welcome to this charming community in Vancouver's Fairview VW, where the address 408 503 W 16th Avenue is a perfect blend of convenience, amenities, and natural beauty. As a seasoned realtor, I'm excited to share with you the wonderful aspects of this area, and I'm confident that you'll fall in love with it just like I have.

Education

Let's start with the excellent schools in this area. Edith Cavell Elementary School, located just 0.49 km from 408 503 W 16th Avenue, is a highly-rated institution with a 7.1/10 rating. Families love this school because of its strong focus on academics and extracurricular activities. In fact, the school's rating is one of the highest in the region. If you're looking for an alternative, Blessed Sacrament School, an independent elementary school, is just 0.31 km away and boasts a 9.2/10 rating. For secondary education, St. John's International, an independent school, is nearby, with a rating of No Rating (for the moment).

Safety

As we all want to feel safe and secure in our community, let's take a look at the crime statistics. According to Statistics Canada's 2020 report, the overall crime rate near 408 503 W 16th Avenue, Vancouver, BC is 7,470.82, which is Average compared to other Canadian cities. The year-over-year change in the total crime rate is -14.94%, indicating a downward trend. To give you a better idea, let's break down the crime statistics into three categories: drug crime, property crime, and violent crime.

• Drug crime rate: Average, with a rating of 229.49, and 1,604 lawbreaking disturbances in 2020.
• Property crime rate: Above Average, with a rating of 5,020.27, and 35,089 lawbreaking disturbances in 2020.
• Violent crime rate: Below Average, with a rating of 1,311.69, and 9,168 lawbreaking disturbances in 2020.

Demographics

Now, let's take a closer look at the demographics of this area. The population near 408 503 W 16th Avenue, Vancouver, BC is diverse and educated. In fact, 58.4% of people with a university certificate or degree live in this neighborhood, which is High compared to other BC neighborhoods.

• Median household income: $70,459, which is Average in comparison to the British Columbia average.
• Median personal income: $46,750, which is High in comparison to the BC average.
• % of households with a mortgage: 54.7%, which is Below Average.

Transit and Mobility

The area around 408 503 W 16th Avenue, Vancouver, BC is well-connected to public transportation. The closest bus station is Westbound W 16 Ave @ Cambie St, just 0.01 km away from this listing with MLS^® R3070495.

• 30.5% of the population uses public transport.
• 40.2% uses cars.
• 8.5% uses bicycles.
• 19.5% of the population walks.

Lifestyle Amenities

This community offers a wide range of lifestyle amenities, making it an ideal place to live, work, and play. Some of the amenities include:

• Parks: There are several parks nearby, offering ample opportunities for outdoor recreation.
• Beaches: The nearby beaches provide a beautiful spot for relaxation and water activities.
• Trails: The area is surrounded by scenic trails, perfect for hiking and biking.
• Shopping malls: There are several shopping malls within walking distance, offering a range of retail options.
• Grocery stores: You'll find several grocery stores nearby, making it easy to stock up on essentials.
• Restaurants and coffee shops: The area is home to a variety of restaurants and coffee shops, catering to different tastes and preferences.
• Hospitals: There are several hospitals nearby, providing easy access to medical care.

Real Estate Context

As we explore the real estate context of this area, let's take a look at some key statistics.

• Average size of families: 2.5, which is Low in comparison to the whole region.
• Percent of families with children: 46.3%, which is Low.
• % of married or living common law: 50.6%, which is Below Average.
• Average age of the population: 43.1, which is Above Average in comparison to other BC cities.

Property Value and Affordability

The average value of dwellings in this neighborhood is $658,383, which is High compared to other areas in British Columbia. The average owner payments are Above Average in the area adjacent to 408 503 W