7048 140a St, Surrey, BC, MLS^® R3069386

Imagine you're walking through the charming East Newton neighborhood in Surrey, BC, accompanied by the stunning natural beauty of the Fraser Valley. As we stroll down the picturesque streets, let's start with the local schools that make this community a haven for families.

Just down the road, you'll find Georges Vanier Elementary School, conveniently located 0.25 km from the property at 7048 140a Street, MLS^® R3069386. This school has a rating of No Rating, but what families appreciate most is its proximity and the sense of community that comes with it.

As we continue our walk, we'll also pass by Frank Hurt Secondary School, situated 1.3 km from the property. Like Georges Vanier Elementary, Frank Hurt Secondary School also has a rating of No Rating, but its close proximity to the neighborhood makes it an attractive option for families.

If you're considering an independent school for your child, we have two excellent options nearby. Surrey Muslim School, located 1.47 km from the property at 7048 140a Street, MLS^® R3069386, boasts a rating of 7.7/10, while Regent Christian Academy, situated 2.32 km away, has a stellar rating of 8.1/10.

Now, let's talk about the safety of our neighborhood. According to the latest crime statistics from Statistics Canada (2020), the area surrounding 7048 140a Street, Surrey, BC, has an overall crime rate of 7,512.73, which is Average compared to other Canadian cities. While there were 44,976 reported disturbances in the neighborhood, the year-over-year change in the total crime rate is a reassuring -12.05%.

When it comes to specific types of crime, we see that the property crime rate is Average, with a rating of 3,746.17 and 22,427 reported incidents in 2020. The year-over-year change in the property misconduct rate is -16.98%. Conversely, the drug crime rate is Above Average, with a rating of 390.7 and 2,339 reported incidents in 2020.

The violent crime rate is particularly noteworthy, with a rating of 1,310.25 and 7,844 reported incidents in 2020. This rate is Below Average compared to other BC municipalities, and the year-over-year change is a welcome -11.37%.

As we explore the neighborhood, you'll appreciate the ease of getting around. The closest bus station, Eastbound 72 Ave @ 140 St, is just 0.31 km away from the property at 7048 140a Street, MLS^® R3069386.

Now, let's dive into the demographics of our neighborhood. We see that 13.1% of the population holds a university certificate or degree, which is Below Average compared to other BC neighborhoods. Conversely, 23.1% of the population has no certificate or degree, making this neighborhood an Above Average hotspot for those seeking education and career opportunities.

In terms of household income, the median household income near the property at 7048 140a Street, Surrey, BC, is $62,541, which is Below Average compared to the BC average. The median personal income is $27,229, also Below Average. However, 53.8% of households in the neighborhood have a mortgage, which is Below Average.

Unemployment rates in the area are a concern, with 9.8% of the population affected, making it an Above Average rate compared to other province neighborhoods.

As we explore the community's growth and development, we see that the population change between 2011 and 2016 was 7.8%, which is Above Average in comparison to average growth rates in the region. Population density per square kilometer is 4,121.5, making it a High-density community.

Family dynamics are a key aspect of our neighborhood. The average size of families is 3, which is Above Average compared to the whole region. Moreover, 66.2% of families in the area have children, making it an Above Average family-friendly neighborhood. However, 56.1% of the population is married or living common law, which is Below Average.

Demographically, the average age of the population is 42.5, making it an Average age in comparison to other BC cities.

Now, let's talk about the real estate market in our neighborhood. The average value of dwellings in the area surrounding 7048 140a Street, Surrey, BC, is $499,391, which is Above Average compared to other areas in British Columbia. Average owner payments are Average, with $1,256 spent on average for dwellings. Tenants, on the other hand, pay $909 on average, making it a Below Average rate compared to other cities.

Interestingly,