609 7117 Elmbridge Way, Richmond, BC, MLS^® R3039567

Welcome to 609 7117 Elmbridge Way, a stunning property in the heart of Richmond, BC

As we walk through the beautiful neighborhood surrounding 609 7117 Elmbridge Way, I want to highlight the excellent schools in the area. The property is serviced by Samuel Brighouse Elementary School, which has a rating of 6.5/10 and is located just 0.81 km away. Families love this area because of the excellent education system, and Samuel Brighouse Elementary School is one of the top-rated schools in the district.

Just down the road, you'll find Richmond Secondary School, which is located 1.22 km from this home for sale. Although it doesn't have a rating, it's a well-regarded school in the area. Additionally, for families looking for independent school options, Pythagoras Academy is the closest elementary school, located 1.6 km from this property, and City Vancouver Academy is the closest secondary independent school, located 1.81 km away.

A Safe and Family-Friendly Community

When it comes to safety, the data from Statistics Canada's 2020 report shows that the neighborhood surrounding 609 7117 Elmbridge Way has an average crime rate of 7,826.57, which is typical of urban areas. In fact, the year-by-year change in the total crime rate is -3.39%, indicating a decrease in crime over the years. However, it's essential to note that there are areas with higher crime rates, and it's always a good idea to exercise caution.

As for property crimes, the rate adjacent to MLS^® R3039567 is average, with a rating of 3,238.66. There were 6,997 property-related incidents in the neighborhood in 2020, and the year-by-year change in the property misconduct rate is -14.19%, showing a decrease in property-related crimes.

Affordable and Family-Oriented Community

Demographically, 609 7117 Elmbridge Way is located in a community with a high percentage of university-educated residents, at 33.8%, which is above average compared to other BC neighborhoods. However, 13% of the population in this neighborhood has no certificate or degree, which is below average compared to the BC average.

In terms of income, the median household income near this dwelling is $36,759, which is low compared to the British Columbia average. The median personal income is $18,514, which is also low compared to the BC average. Interestingly, 55% of households in this census subdivision have a mortgage, which is below average.

Convenient Location and Amenities

This property is conveniently located near public transportation, with the closest bus station being Westbound Elmbridge Way @ Alderbridge Way, just 0.02 km away from MLS^® R3039567. The neighborhood is also close to parks, beaches, and shopping malls, making it an ideal location for families.

Growing Community with a Strong Economy

The population change between 2011 and 2016 in this community was 37.3%, which is high compared to the average growth rate of this region. The average size of families in the area is 2.6, which is low compared to the whole region. However, 54.5% of families in this neighborhood have children, which is below average.

In terms of population density, the area surrounding 609 7117 Elmbridge Way has a high population density per square kilometer, at 4,066.2. The average age of the population in this area is 42.9, which is above average compared to other BC cities.

A Great Investment Opportunity

As for the real estate market, the average value of dwellings in this neighborhood is $711,643, which is high compared to other areas in British Columbia. The average owner payments are also above average, with owners spending an average of $1,392 per month. Tenants in the area pay an average of $1,363 per month, which is also high compared to other cities.

A Diverse and Vibrant Community

In terms of language, 79.7% of the population in this area speaks only English, which is below average. However, 27.6% of the population uses public transportation, which is high. 57.9% of the population uses cars, which is low. Interestingly, 13.1% of the population walks, which is high.

Conclusion

In conclusion, 609 7117 Elmbridge Way is a fantastic property in a beautiful neighborhood with excellent schools, a safe community, and convenient amenities. Whether you're looking for a family-friendly community or a great investment opportunity, this property is definitely worth considering.

MLS^® R3039567