707 950 Drake St, Vancouver, BC, MLS^® R3063420

Welcome to 707 950 Drake Street, a stunning property nestled in the heart of Vancouver, BC. As your trusted realtor, I'm excited to guide you through the community and highlight the unique features that make this home a sought-after gem.

Education

Just a short stroll from 707 950 Drake Street, you'll find the highly-rated Elsie Roy Elementary School, with a 6.1/10 rating. This school is a mere 0.83 km away, making it an ideal choice for families with young children. Furthermore, King George Secondary School is also within close proximity, offering students a wide range of academic and extracurricular opportunities. With its strong reputation and convenient location, this property is a haven for families who value quality education.

Safety

According to Statistics Canada's 2020 report, this neighbourhood boasts an average crime rate, with 7,470.82 incidents per 100,000 population. This is a reassuring statistic, especially for families who prioritize a safe living environment. What's more, the crime rate in this area has seen a notable decrease of 14.94% year-over-year, indicating a stable and secure community.

Demographics

This vibrant neighbourhood is home to a diverse population, with an impressive 47% of residents holding a university certificate or degree. This is a significant advantage, as it contributes to a highly educated and informed community. Furthermore, the median household income in this area is $55,936, which is slightly below the BC average. However, the median personal income stands at $40,817, which is above average, providing a sense of financial stability.

Lifestyle Amenities

As a resident of 707 950 Drake Street, you'll have access to a wide range of lifestyle amenities, including:

• Southbound Burrard St @ Harwood St Bus Station, located a mere 0.06 km away
• Panoramic views of the city skyline and surrounding mountains
• Proximity to trendy cafes, restaurants, and shopping malls
• Easy access to public transportation, making it an ideal choice for commuters
• Nearby parks and green spaces, perfect for outdoor enthusiasts

Real Estate Context

The average dwelling value in this neighbourhood is a staggering $705,201, making it one of the most expensive areas in BC. However, the average owner payments are high, with owners spending an average of $1,746 per month. Tenants, on the other hand, pay an average of $1,369 per month, which is also relatively high. Despite this, the property market in this area remains strong, with 65.6% of residents being renters, which is higher than the BC average.

Community Insights

This neighbourhood is an exciting and dynamic community, with a population density of 34,624.2 people per square kilometre. The average family size is 2.2, which is lower than the regional average. Furthermore, 24.4% of families with children reside in this area, making it an excellent choice for families with young children. The average age of the population is 38.6, which is below the BC average, indicating a youthful and vibrant community.

Transit

As a resident of 707 950 Drake Street, you'll have easy access to public transportation, with 26% of the population using public transport to get around. While 27.2% of residents use cars, this is relatively low compared to other areas. What's more, 3.2% of residents use bicycles, which is a high percentage, indicating a strong cycling culture.

Conclusion

In conclusion, 707 950 Drake Street is a truly unique property that offers a blend of quality education, safety, and lifestyle amenities. With its strong real estate market, diverse community, and convenient location, this home is an ideal choice for families, commuters, and individuals seeking a vibrant and dynamic lifestyle. As your trusted realtor, I invite you to experience the best of Vancouver living at 707 950 Drake Street, MLS^® R3063420.