419 55 Eighth Ave, New Westminster, BC, MLS^® R3075830

Welcome to 419 55 Eighth Avenue, a beautiful property in the heart of New Westminster, BC, listed as MLS^® R3075830. I'm your trusted realtor, excited to guide you through this stunning home and its surrounding community.

Let's start with the local schools. Herbert Spencer Elementary School is just a 0.46 km stroll from this property, with a rating of 6.6/10. Families love this area because of the strong educational foundation it provides. If you're looking for an independent elementary school, John Knox Christian School is right down the road, boasting a 9.2/10 rating and a 0.71 km proximity to this home. For secondary education, Vancouver International College is a short 1.1 km away, offering a unique learning experience.

Now, let's talk about the safety of the neighborhood. According to the latest crime data from Statistics Canada (2020), the area surrounding 419 55 Eighth Avenue, New Westminster, BC, has an average crime rate of 6,761.11 incidents per 100,000 population, which is comparable to other Canadian cities. However, it's essential to note that the overall crime rate has decreased by 10.42% year-over-year. Specifically, the rate of property crimes is average, with 3,807.97 incidents in 2020, a decrease of 11.79% from the previous year. Violent crime rates are also average, with 1,143 incidents in 2020, a decrease of 5.91% from the previous year.

Getting around is a breeze from this property. The Eastbound 8th Ave @ Park Cres bus station is just 0.09 km away, providing convenient access to public transportation.

Now, let's dive into the demographics of the area. Approximately 31.3% of residents in this neighborhood hold a university certificate or degree, which is above average compared to other BC neighborhoods. On the other hand, 11.9% of the population has no certificate or degree, which is lower than the average in BC. The median household income in this area is $74,176, which is average compared to the British Columbia average. However, the median personal income is $40,096, which is above average in comparison to the BC average. Notably, 64.2% of households in this area have a mortgage, which is above average.

In terms of employment, the unemployment rate in this area is 4.1%, which is low compared to other province neighborhoods.

This property is located in the GlenBrooke North neighborhood, where the population change between 2011 and 2016 was 5.2%, which is above average compared to the average growth rate of this region. The population density per square kilometre in this area is 3,705.6, which is high.

The average family size in this area is 2.9, which is average compared to the whole region. Notably, 62.6% of families in this area have children, which is above average. However, 54.3% of residents are married or living common law, which is below average.

The average age of the population in this area is 42.9, which is above average compared to other BC cities. The average value of dwellings in this neighborhood is $1,004,360, which is high compared to other areas in British Columbia.

In terms of housing costs, average owner payments are high in this area, at $1,795 per month. On the other hand, tenants are paying $823 per month, which is below average compared to other cities.

Approximately 41.4% of the population in this area are renters, which is above average compared to other BC cities and areas. The percentage of English and French speakers in this area is 12.1%, which is above average. However, the percentage of English speakers only is 86.2%, which is below average. The percentage of French speakers only is 0.1%, which is low. Notably, 1.6% of the population in this area speak neither English nor French, which is above average.

Finally, 20.6% of the population in this area use public transportation, which is above average. However, 66.2% of residents use cars, which is low. 2.2% of residents use bicycles, which is above average, and 9.4% of residents walk, which is also above average.

In conclusion, 419 55 Eighth Avenue, New Westminster, BC, MLS^® R3075830, is a wonderful property in a safe and convenient location. With its proximity to excellent schools, public transportation, and amenities, this home offers an excellent quality of life. Don't miss out on this incredible opportunity to make this property your dream home!