5491 Cathay Rd, Richmond, BC, MLS^® R3085566

Welcome to the vibrant community of Richmond, BC, where you'll find the stunning property at 5491 Cathay Road, listed as MLS^® R3085566. As your trusted realtor, I'm excited to share with you the unique features and advantages of this neighborhood.

Education

Let's start with the excellent educational options in this area. Your children will attend Donald E McKay Elementary School, located just 0.7 km from this property. With a rating of No Rating, this school is a great foundation for your child's academic journey. Additionally, Hugh Boyd Secondary School is within a 1.41 km radius, providing a seamless transition to secondary education. For those seeking independent schooling, St. Joseph the Worker School is just 1.46 km away, while City Vancouver Academy, a secondary independent school, is approximately 4.27 km from this address.

Safety and Crime Rates

When it comes to safety, this neighborhood has a relatively low crime rate, with 7,826.57 incidents per 100,000 population in 2020, which is considered Average compared to other Canadian cities. According to Statistics Canada's 2020 report, there were 16,909 disturbances in this neighborhood. The overall crime rate near 5491 Cathay Road, Richmond, BC, is manageable, making this area a great choice for families.

Demographics

The area surrounding 5491 Cathay Road, Richmond, BC, is home to a diverse population. With 29.8% of residents holding a university certificate or degree, this neighborhood is Above Average in comparison to other BC municipalities. However, 16.2% of the population in this area have no certificate or degree, which is Below Average compared to the average in BC.

Lifestyle and Amenities

This property is close to various lifestyle amenities, including parks, beaches, and trails. The nearby Southbound No. 2 Rd @ Blundell Rd bus station is just 0.3 km away, providing easy access to public transportation. Additionally, the area is home to a mix of shopping malls, grocery stores, restaurants, and coffee shops, making it an ideal location for those who value convenience and community.

Real Estate Context

The average dwelling value in this neighborhood is $1,459,459, which is High compared to other areas in British Columbia. With 35.3% of the population renting, this area is Above Average in comparison to other BC cities and areas. The average owner payments are High in this area, with owners spending $1,827 on average for their dwellings. Tenants, on the other hand, pay an average of $983, which is Average compared to other cities.

Unemployment and Population Growth

The unemployment rate in this area is 9.7%, which is Above Average in comparison to other province neighborhoods. However, the population change between 2011 and 2016 was -0.5%, which is Below Average in comparison to average growth rates in this region.

Transportation and Commuting

This property is well-connected to major highways and public transportation. The Southbound No. 2 Rd @ Blundell Rd bus station is just 0.3 km away, making it easy to get around the city. With 75.2% of the population using cars, this area is Below Average in comparison to other neighborhoods. However, 18.5% of the population uses public transportation, which is Above Average.

In conclusion, 5491 Cathay Road, Richmond, BC, MLS^® R3085566, is an excellent choice for those seeking a safe, convenient, and connected community. With its excellent educational options, diverse population, and easy access to lifestyle amenities, this property is sure to please even the most discerning buyer.