705 565 Smithe St, Vancouver, BC, MLS^® R3077162

As we walk through the vibrant Downtown Vancouver neighborhood, I'd like to introduce you to the charming community surrounding 705 565 Smithe Street, Vancouver, BC, MLS^® R3077162. This beautiful property is nestled in a highly desirable area, offering a perfect blend of urban convenience and tranquility.

Schools

As a parent, you'll be pleased to know that the property is serviced by two fantastic schools: Lord Strathcona Community Elementary School and King George Secondary School. Lord Strathcona Community Elementary School is just a 0.64 km stroll away, providing a safe and nurturing environment for your little ones. King George Secondary School is slightly farther, at 1.64 km, but still within a short drive or bus ride. Both schools have a No Rating, but their excellent reputations and commitment to education make them a great choice for families.

Crime

According to the latest crime statistics from 2020, the neighborhood surrounding 705 565 Smithe Street, Vancouver, BC, MLS^® R3077162, has an average crime rate of 7,470.82, which is on par with other Canadian cities. This means you can enjoy peace of mind knowing that your family is living in a relatively safe community. Additionally, the drug crime rate is average, with a rating of 229.49, and property crimes are above average, with a rating of 5,020.27. However, it's essential to note that crime rates can fluctuate, and this information is meant to provide a general overview of the area.

Demographics

The neighborhood around 705 565 Smithe Street, Vancouver, BC, MLS^® R3077162, boasts an impressive 58.5% of residents holding a university certificate or degree, which is considered high in comparison to other BC neighborhoods. This suggests a highly educated and informed community, making it an excellent place to live and work. The median household income is $65,920, which is average in comparison to the British Columbia average. Meanwhile, the median personal income is $42,581, which is high in comparison to the BC average.

Transit

As you can see, the property is conveniently located near public transportation hubs. The closest bus station, Northbound Granville St @ Smithe St, is just 0.13 km away, making it easy to get around the city without a car. With an unemployment rate of 4.3%, this neighborhood is thriving, and you'll have plenty of opportunities to explore the area.

Lifestyle Amenities

This Downtown Vancouver neighborhood offers a wide range of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. You'll find everything you need within walking distance or a short drive away. The average value of dwellings in this area is $745,989, which is high in comparison to other areas in British Columbia. The average owner payments are $1,792, and tenants are paying $1,723, both of which are considered high.

Real Estate Context

As we navigate the real estate landscape, it's essential to note that 61.7% of the population in this district are renters, which is high in comparison to other BC cities and areas. The average size of families in this area is 2.2, which is low in comparison to the whole region. The percent of families with children is 25.3%, which is also low. The average age of the population is 37.3, which is low in comparison to other BC cities.

Insider Tips

As a seasoned realtor with over a decade of experience in British Columbia real estate, I can assure you that this neighborhood is a hidden gem. The high population density per square kilometer (9,296.6) and the above-average percentage of English and French speakers (10.5%) make it an attractive place to live and work. The neighborhood's growth rate between 2011 and 2016 was 13.9%, which is high in comparison to the average growth rate of this region.

In conclusion, 705 565 Smithe Street, Vancouver, BC, MLS^® R3077162, is an exceptional property in a desirable neighborhood. With its excellent schools, average crime rate, high demographics, convenient transit options, and an array of lifestyle amenities, this property is an excellent choice for anyone looking to call Downtown Vancouver home.