305 739 Princess St, New Westminster, BC, MLS^® R3060892

Welcome to 305 739 Princess Street, a charming residence located in the heart of New Westminster, BC, listed under MLS^® R3060892

As we walk through the community, you'll notice that this beautiful home is serviced by the highly-rated Lord Kelvin Elementary School, just a 0.53 km walk away. With a rating of 5.2/10, Lord Kelvin Elementary School is a fantastic option for families looking for a well-rounded education. Another nearby elementary school, Our Lady of Mercy School, boasts an impressive 10/10 rating and is located just 0.93 km from this property. If you're looking for a secondary independent school, Vancouver International College is just a stone's throw away, with a location 0.17 km from this home.

Safety and Crime Statistics

New Westminster is a safe and welcoming community, with a crime rate that's Average compared to other Canadian cities. According to the latest data from Statistics Canada (2020), there were 5,584 reported disturbances in the neighbourhood surrounding 305 739 Princess Street. With an overall crime rate of 6,761.11 incidents per 100,000 population, residents can feel confident in their community. Additionally, the drug crime rate is Below Average, with a rating of 134.4, and a decrease in illegal substances lawbreaking disturbances by 5.34% year-over-year.

Demographics and Lifestyle

This neighbourhood is home to 27% of residents with a university certificate or degree, which is Above Average compared to other BC neighbourhoods. Conversely, 14.9% of the population has no certificate or degree, which is Below Average. The median household income in the area is $47,232, which is Low compared to the British Columbia average. However, the median personal income is $30,640, which is Below Average. The percentage of households with a mortgage is 48.1%, which is Below Average.

Transportation and Commuting

Residents of 305 739 Princess Street enjoy convenient access to public transportation, with the Southbound 8th St @ 7th Ave bus station just 0.13 km away. The area also boasts a high percentage of residents using public transportation (28.6%), which is a testament to the community's commitment to sustainability.

Real Estate and Community

The average value of dwellings in this neighbourhood is $444,053, which is Above Average compared to other areas in British Columbia. With 48% of the population renting, this neighbourhood offers a great balance of affordability and community spirit. The average owner payments are Below Average, with owners spending $1,103 on average for their dwellings. Tenants, on the other hand, pay an average of $953 per month, which is Average compared to other cities.

Amenities and Services

The community surrounding 305 739 Princess Street offers a range of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, coffee shops, and hospitals. With an average age of 51.1, this neighbourhood is home to a diverse and active population.

Investment Opportunities

As an investment opportunity, this property offers a unique combination of affordability, community spirit, and access to convenient amenities. With an average value of dwellings in the area, this property is a great option for investors looking to capitalize on the growing demand for housing in New Westminster.

Conclusion

305 739 Princess Street, listed under MLS^® R3060892, is a rare find in the heart of New Westminster, BC. With its convenient location, safe community, and range of lifestyle amenities, this property is the perfect solution for families, investors, and individuals looking for a welcoming and affordable place to call home.