504 789 Drake St, Vancouver, BC, MLS^® R3078747

Welcome to 504 789 Drake Street, a stunning property in the heart of Vancouver, BC. As we step inside, I want to share with you the unique features that make this home stand out. With its prime location, this property offers unparalleled access to top-notch schools, a thriving community, and endless amenities.

Let's start with the educational institutions that serve this area. Elsie Roy Elementary School is just a short 0.65 km away, with a rating of 6.1/10. This school is a testament to the community's commitment to providing quality education, with families praising its engaging teachers and supportive environment. King George Secondary School is also nearby, located 1.57 km from this property, and offers a diverse range of academic programs and extracurricular activities.

But it's not just about the schools; the community itself is a vibrant and diverse neighborhood, with a mix of families and young professionals. According to Statistics Canada's 2020 report, the neighborhood surrounding 504 789 Drake Street has a relatively high population density, with 34,624.2 people per square kilometer. This makes it an ideal location for those who value convenience and accessibility.

Now, let's talk about safety. As you may be aware, crime statistics can be a concern for many homebuyers. However, the data suggests that this neighborhood is relatively safe, with an overall crime rate of 7,470.82 per 100,000 population. While this is above average compared to other Canadian cities, it's still a more desirable option for families and individuals looking for a secure community. Property crimes, in particular, are a concern in this area, with a rating of Above Average. However, the violent crime rate is significantly lower, at 1,311.69 per 100,000 population, which is considered Below Average.

One of the things that sets this neighborhood apart is its proximity to public transportation. The Northbound Granville St @ Drake St bus station is just 0.09 km away, making it an ideal location for those who rely on public transportation or prefer not to own a car. In fact, 26% of the population in this area uses public transportation, which is significantly higher than the provincial average.

Now, let's talk about the demographics of this neighborhood. According to the latest census data, 47% of the population has a university certificate or degree, which is high compared to other BC neighborhoods. Additionally, the median household income is $55,936, which is below average compared to the British Columbia average. However, the median personal income is $40,817, which is above average.

The area surrounding 504 789 Drake Street is also known for its high percentage of renters, with 65.6% of the population renting their homes. This is significantly higher than the provincial average, making it an ideal location for those who prefer not to own a home.

In terms of transportation, 27.2% of the population uses cars, which is relatively low compared to other areas. However, 26% of the population uses public transportation, and 3.2% uses bicycles, which is higher than average. Walking is also a popular mode of transportation, with 41.7% of the population using this method.

As we walk through the neighborhood, you'll notice the abundance of lifestyle amenities that make this area so desirable. There are numerous parks, beaches, and trails nearby, as well as shopping malls, grocery stores, restaurants, coffee shops, and hospitals. This, combined with the neighborhood's proximity to public transportation, makes it an ideal location for those who value convenience and accessibility.

In terms of real estate, the average value of dwellings in this neighborhood is $705,201, which is higher than average compared to other areas in British Columbia. The average owner payments are also relatively high, at $1,746 per month. However, the average renter payments are $1,369 per month, which is relatively high compared to other areas.

Overall, 504 789 Drake Street is a unique and desirable property that offers unparalleled access to top-notch schools, a thriving community, and endless amenities. With its prime location, this property is an ideal choice for families, young professionals, and anyone looking for a secure and convenient place to call home.

MLS^® R3078747