2038 E 40th Ave, Vancouver, BC, MLS^® R3068623

Welcome to 2038 E 40th Avenue, a beautiful property located in the heart of Vancouver, BC. As your trusted realtor, I'm excited to share with you the unique features and characteristics of this amazing home, listed as MLS^® R3068623.

Let's start with the schools, a top priority for many families. G.T. Cunningham Elementary School, rated 5.8/10, is just a 0.6 km stroll from this property. This school is highly regarded in the community, and families love its welcoming atmosphere and commitment to academic excellence. In addition, Gladstone Secondary School, with a rating of No Rating, is a 1.67 km drive from this home, offering a range of programs and opportunities for students.

For families looking for an independent school option, Corpus Christi School, with a stellar rating of 10/10, is just 0.91 km from this property. This school is known for its strong values and commitment to Catholic education. Alternatively, Vancouver Formosa Academy, with a rating of No Rating, is a 1.32 km drive from this home, offering a unique cultural and educational experience.

Now, let's talk about safety. According to the latest statistics from Statistics Canada (2020), this neighbourhood has an average crime rate of 7,470.82, with a decrease of 14.94% in the total crime rate year-over-year. While there were 52,217 reported incidents, the overall crime rate is considered Average compared to other Canadian cities. To put your mind at ease, the property crimes in this neighbourhood are Above Average, but the rate has decreased by 20.80% year-over-year.

In terms of transit, you'll appreciate the proximity to the Northbound Victoria Dr @ E 41 Ave bus station, just 0.08 km away from this property. This makes it easy to get around the city, whether you're commuting to work or running errands.

Now, let's dive into the demographics of this wonderful neighbourhood. With 22.1% of residents holding a university certificate or degree, this area is Above Average compared to other BC neighbourhoods. However, 26.7% of the population lacks a certificate or degree, which is also Above Average. The median household income is $65,609, which is Average compared to the British Columbia average. On the other hand, the median personal income is $24,312, which is Low compared to the BC average. Interestingly, 43.2% of households in this area have a mortgage, which is Low compared to other neighbourhoods.

Unemployment rates in this area are a mere 6.9%, which is Below Average compared to other province neighbourhoods. Population growth between 2011 and 2016 was -1.5%, which is Below Average in comparison to the average growth rate of this region. With a population density of 7,680.3 people per square kilometre, this area is considered High.

Families with children make up 72.2% of the population, which is High. The average family size is 3, which is Above Average. However, the percentage of married or living common law couples is 53.3%, which is Below Average. The average age of the population is 41.5, which is Average compared to other BC cities.

Now, let's talk about the real estate context. The average value of dwellings in this neighbourhood is $1,330,325, which is High compared to other areas in British Columbia. Average owner payments are Above Average, with owners spending $1,331 per month on their dwellings. Tenants, on the other hand, pay $1,118 per month, which is also Above Average.

43.8% of the population in this area are renters, which is Above Average compared to other BC cities and areas. Interestingly, 34.3% of the population uses public transport, which is High. In contrast, 59.3% of residents use cars, which is Low. 2.6% of people use bicycles, which is Above Average, and 3.3% of the population walks, which is Average.

In conclusion, 2038 E 40th Avenue, Vancouver, BC (MLS^® R3068623) is a fantastic property that offers a unique blend of education, safety, and lifestyle amenities. With its proximity to top-rated schools, public transport, and community facilities, this property is an excellent choice for families, professionals, and retirees alike. Come and experience it for yourself – schedule a viewing today!