3802 1189 Melville St, Vancouver, BC, MLS^® R3057340

Welcome to 3802 1189 Melville Street, a stunning property located in the heart of Vancouver, BC. This exceptional home is listed under MLS^® R3057340 and boasts an unbeatable location that offers the perfect blend of lifestyle, convenience, and accessibility.

As we explore the neighborhood, one of the top priorities for families is excellent education. Lord Roberts Annex, just a short 0.68 km from this home, is a highly-rated elementary school that provides a solid foundation for young minds. This school, located near the address 3802 1189 Melville Street, Vancouver, BC, offers a nurturing environment that fosters growth and development. King George Secondary School, another esteemed institution, is also within close proximity, with a distance of 0.93 km from this property.

Beyond the classroom, the community around 3802 1189 Melville Street is known for its safety and security. According to Statistics Canada's 2020 report, this neighborhood has an average crime rate, with 7,470.82 incidents per 100,000 population. While there were 52,217 volation disturbances in the area, the overall trend indicates a decrease in crime rates over the years, with a year-by-year change of -14.94%. This is reassuring for families and individuals looking for a secure place to call home.

In terms of transportation, the closest Bus station is Eastbound W Pender St @ Bute St, situated just 0.06 km away from this property with MLS^® R3057340. This convenient location makes it easy to get around the city, whether you're commuting to work, running errands, or exploring the local attractions.

The community surrounding 3802 1189 Melville Street is diverse and vibrant, with a high percentage of residents holding university certificates or degrees. In fact, 57.4% of the population in this neighborhood has a university certificate or degree, which is high compared to other BC neighborhoods. This is a testament to the area's strong sense of community and commitment to education.

In terms of demographics, the median household income in this area is $71,774, which is average compared to other British Columbia neighborhoods. However, the median personal income is $39,381, which is above average. This suggests that the area is attractive to individuals and families with diverse backgrounds and income levels.

As we delve deeper into the statistics, we find that the unemployment rate in this area is 6.4%, which is below average compared to other province neighborhoods. This is a positive indicator for the local economy and job market.

The population density in this community is 16,333.9 people per square kilometer, which is high compared to other areas. This density is a reflection of the area's popularity and desirability, with many residents choosing to live and work in this vibrant neighborhood.

In terms of family dynamics, the average size of families in this area is 2.5, which is low compared to the whole region. However, 43.2% of families in this neighborhood have children, which is low, but still a significant presence. The percentage of married or living common law couples is 54.2%, which is below average.

The average age of the population in this area is 40.2 years, which is below average compared to other BC cities. This suggests that the area is attractive to younger residents and families.

As we examine the real estate context, we find that the average value of dwellings in this neighborhood is $1,325,746, which is high compared to other areas in British Columbia. This is a reflection of the area's desirability and popularity.

In terms of housing costs, the average owner payments are high in this area, with owners spending an average of $2,045 per month. Tenants are also paying high rents, with an average of $1,845 per month.

Finally, 55.8% of the population in this neighborhood are renters, which is high compared to other BC cities and areas. This suggests that the area is attractive to individuals and families who prefer to rent rather than own.

Overall, 3802 1189 Melville Street is an exceptional property that offers a unique blend of lifestyle, convenience, and accessibility. With its excellent education options, safe and secure community, and vibrant neighborhood, this home is an ideal choice for families and individuals looking for a place to call home.

As a trusted realtor with extensive knowledge of the Vancouver real estate market, I highly recommend this property to anyone looking for a dream home in the heart of the city.

MLS^® R3057340