PRIME EAST VANCOUVER MULTI-FAMILY DEVELOPMENT OPPORTUNITY! A rare offering in a rapidly evolving neighborhood, this 7893 SQFT site strategically located just off Kingsway on Inverness St, well-positioned for potential rezoning, allowing for apartment developments with residential rental tenure at FSRs up to 2.40 (subject to city approval). This is an ideal opportunity for developers looking to invest in a highly sought-after East Vancouver location. Contact us today for more details on this exceptional investment opportunity!
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 16'0 x 16'0 ft |
| Main Level | Kitchen | 13'0 x 13'0 ft |
| Main Level | Primary Bedroom | 12'0 x 12'0 ft |
| Main Level | Bedroom | 10'0 x 10'0 ft |
| Basement Level | Recreation Room | 16'0 x 16'0 ft |
| Basement Level | Bedroom | 13'0 x 13'0 ft |
| Basement Level | Bedroom | 11'0 x 11'0 ft |
| Basement Level | Laundry | 13'0 x 13'0 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
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As we step into the vibrant community surrounding 3553 Inverness Street, you'll discover a perfect blend of family-friendly amenities, convenient transit options, and exciting lifestyle attractions. Let's explore the details that make this neighborhood shine.
Just steps from your new home at 3553 Inverness Street, you'll find Charles Dickens Elementary School, a highly-rated institution with a 5.2/10 rating. This excellent school is just 0.31 km away, perfect for families with children. For those seeking an independent school option, St. Joseph's School is nearby, boasting a 8/10 rating and located about 0.7 km from your home. For secondary education, Stratford Hall School is just 0.92 km away, with an impressive 8.7/10 rating.
According to the latest crime data from Statistics Canada (2020), this neighborhood has a relatively low crime rate of 7,470.82 incidents per 100,000 population. Compared to other Canadian cities, this rate is considered Average. Notably, the drug crime rate is also Average, with 229.49 incidents per 100,000 population, and a year-over-year change of 1.58%. Property crimes are slightly higher, with an Above Average rate of 5,020.27 incidents per 100,000 population, but still show a decrease of 20.80% year-over-year. Violent crime rates are Below Average, with 1,311.69 incidents per 100,000 population, and a year-over-year change of 3.53%.
Convenience is key when it comes to transportation. The Westbound Kingsway @ Inverness St bus station is just 0.07 km away from 3553 Inverness Street, making it easy to get around the city.
This neighborhood is a melting pot of cultures, with 35.5% of residents holding a university certificate or degree, which is High compared to other BC neighborhoods. On the other hand, 16.1% of the population has no certificate or degree, which is Below Average compared to the average in BC. The median household income is $72,802, which is Average compared to the British Columbia average. The median personal income is $32,998, also Average compared to BC. Notably, 64.7% of households in this area have a mortgage, which is Above Average.
Residents of 3553 Inverness Street enjoy a range of lifestyle amenities, including parks, beaches, and trails. The area is also home to several shopping malls, grocery stores, restaurants, and coffee shops, making it easy to find what you need. The nearby hospital provides convenient access to medical care.
The average value of dwellings in this neighborhood is $1,082,701, which is High compared to other areas in British Columbia. Average owner payments are also High, at $1,690 per month. Tenants, on the other hand, pay an average of $1,218 per month, which is Above Average. 44.8% of the population in this area are renters, which is Above Average compared to other BC cities.
The population density per square kilometer in this community is 7,324.1, which is High. The average size of families in the area is 2.9, which is Average. 64.3% of families with children live in this area, which is Above Average. The average age of the population is 38.7, which is Below Average compared to other BC cities. 32.2% of the population uses public transport, which is High. 52.7% use cars, which is Low. 8.8% use bicycles, which is High. 4.5% of the population walks, which is Average.
The unemployment rate in this area is 6.4%, which is Below Average compared to other province neighborhoods. The population change between 2011 and 2016 was 10.3%, which is High compared to average growth rate of this region.
In this diverse neighborhood, 10.2% of the population speaks both English and French, which is Above Average. 82.6% of the population speaks only English, which is Below Average. 0.1% of the population speaks only French, which is Below Average. 7.2% of the population speaks neither English nor French, which is High. 32.2% of the population uses public transport, which is High. 52
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