2 5304 Elgin St, Vancouver, BC, MLS^® R3045988

Welcome to 2 5304 Elgin Street, a charming property situated in the heart of Vancouver, BC (MLS^® R3045988).

As we stroll through this vibrant neighborhood, let's start with the excellent schools in the area. Your children will thrive in the nearby Sir Alexander Mackenzie Elementary School, which boasts a rating of 5.8/10 and is within a short 0.32 km distance from the property (MLS^® R3045988). This school is a gem, offering a nurturing environment for young minds to grow.

Just down the road, your family will also have access to John Oliver Secondary School, with a rating of No Rating, and located 0.88 km from the property. This school provides a comprehensive education, ensuring your children receive a well-rounded education.

For families who prefer independent schools, St. Andrew's Elementary School is the closest option, with a rating of No Rating, and situated 1.41 km from the property. Meanwhile, Stratford Hall School, a reputable secondary school, boasts a rating of 8.7/10 and is located 2.5 km from the property.

A Safe and Thriving Community

Now, let's talk about the safety of the neighborhood. According to the latest crime data from Statistics Canada (2020), this area has an average crime rate of 7,470.82 incidents per 100,000 population, which is in line with other Canadian cities. However, it's heartening to know that the neighborhood has seen a decrease in crime rates, with a year-over-year change of -14.94%. This indicates a stable and secure environment for you and your family.

Regarding property crimes, the neighborhood has an above-average rate, with 5,020.27 incidents per 100,000 population. Nevertheless, the rate has decreased by 20.80% over the past year. This suggests that the neighborhood is taking proactive measures to address property crimes and maintain a safe community.

Demographics and Lifestyle

Now, let's dive into the demographics and lifestyle of the neighborhood. This area is home to a diverse population, with 28.3% of residents holding a university certificate or degree, which is above average compared to other BC neighborhoods. On the other hand, 18.1% of the population has no certificate or degree, which is average compared to the BC average.

In terms of income, the median household income in this neighborhood is $74,752, which is average compared to the British Columbia average. However, the median personal income is $28,443, which is below average. Additionally, 53% of households in this area have a mortgage, which is below average.

Unemployment and Population Growth

The unemployment rate in this area is 6.1%, which is below average compared to other province neighborhoods. Furthermore, the population change between 2011 and 2016 was 0.1%, which is average compared to the average growth rate of this region.

Transportation and Commuting

Now, let's talk about transportation and commuting in the area. The closest bus station is the Eastbound E 33 Ave @ Somerville St, which is a convenient 0.39 km away from the property (MLS^® R3045988). This makes it easy for you to get around without a car.

Average Home Value and Owner/Tenant Ratio

The average value of dwellings in this neighborhood is $1,336,745, which is high compared to other areas in British Columbia. Additionally, the average owner payments are high, with owners spending $1,689 on average for their dwelling. Tenants, on the other hand, pay $1,213, which is above average.

Language and Transportation

In terms of language, 6.9% of the population speaks English and French, which is average compared to other BC cities. However, 85.6% of the population speaks only English, which is below average. Furthermore, 7.5% of the population speaks neither English nor French, which is high compared to other BC cities.

Transportation Preferences

Regarding transportation preferences, 33.6% of the population uses public transportation, which is high. On the other hand, 58.6% of the population uses cars, which is low. Additionally, 5% of the population uses bicycles, which is high, and 2.2% of the population walks, which is below average.

In Conclusion

2 5304 Elgin Street, Vancouver, BC (MLS^® R3045988) is a wonderful property that offers a safe, diverse, and convenient lifestyle. With excellent schools, a stable community, and easy access to public transportation, this property is a great investment for you and your family. Contact me today to schedule a viewing and make this property your home.