8340 No. 3 Rd, Richmond, BC, MLS^® R3079664

Welcome to the vibrant neighborhood of 8340 No. 3 Road in Richmond, BC. As your trusted realtor, I'm excited to share with you the unique features of this beautiful community.

Education

Let's start with the schools. Our home, MLS^® R3079664, is proudly served by the esteemed Garden City Elementary School, just a short 0.75 km away. This highly-rated school boasts a 7.7/10 rating, making it a top choice for families. Just down the road, you'll also find R C Palmer Secondary School, located 0.52 km from this property, offering a well-rounded education to students in the area. For parents seeking an independent school education, St.Paul School is an excellent option, situated 0.36 km from this home, with a notable 10/10 rating. City Vancouver Academy, another independent secondary school, is approximately 3.51 km away, offering students a unique educational experience.

Safety and Crime

According to the latest crime statistics from Statistics Canada (2020), this neighborhood is considered Average in terms of overall crime rate, with 7,826.57 incidents per 100,000 population. Compared to other Canadian cities, this rate is Average. Notably, the year-over-year change in total crime rate is a positive -3.39%. When it comes to specific types of crime, property crimes are Average, with a rating of 3,238.66, while drug crime rates are considered High, with a rating of 2,081.96. However, violent crime rates are Low, with 919.25 incidents per 100,000 population, a notable 0.06% change from the previous year.

Community and Lifestyle

This community is known for its diverse demographics, with 36.2% of residents holding a university certificate/degree, ranking High in comparison to other BC neighborhoods. On the other hand, 13.2% of the population has no certificate or degree, which is Below Average. The median household income is $63,898, Average when compared to the British Columbia average. Meanwhile, the median personal income is $20,875, which is Low compared to the BC average. Homeownership rates are Lower in this area, with 53.1% of households owning their homes, Below Average compared to other provinces.

Transportation and Commuting

Traveling is a breeze in this neighborhood, with the Northbound No. 3 Rd @ Lucas Rd bus station just 0.03 km away from this listing, MLS^® R3079664. If you prefer to drive, major highways are easily accessible, making commuting to work or school convenient. Unemployment rates in this area are Low, at 5.1%, making it an attractive location for professionals and families alike.

Demographics and Housing

The population density in this community is High, with 3,300.9 people per square kilometer, Above Average compared to other regions. Families with children are well-represented in this area, with 71.9% of households containing minors, making it a great choice for families. The average family size is 3, Above Average in comparison to the whole region. The average age of the population is 42.5, which is Average in comparison to other BC cities.

Real Estate and Investment

The average value of dwellings in this neighborhood is $1,562,970, which is High compared to other areas in British Columbia. Average owner payments are High in this area, with homeowners spending $1,900 per month on their properties. Tenants, on the other hand, pay $1,666 per month, also High compared to other cities. Only 10.6% of the population in this area are renters, which is Below Average when compared to other BC cities.

Language and Transportation

Interestingly, the percentage of Neither English nor French speakers in this community is High, at 15.2%, compared to other BC cities. However, 80.7% of residents speak only English, which is Below Average. The most common mode of transportation in this area is driving, with 78% of residents using cars, which is Below Average.

In conclusion, 8340 No. 3 Road, Richmond, BC, MLS^® R3079664, is a unique and vibrant community that offers a blend of education, safety, and community amenities. With its diverse demographics, convenient transportation options, and attractive real estate market, this neighborhood is an excellent choice for families and professionals alike. Contact me today to schedule a viewing and experience the charm of this wonderful community for yourself.