408 2320 W 40th Ave, Vancouver, BC, MLS^® R3058340

Welcome to 408 2320 W 40th Avenue, a stunning property located in the heart of Vancouver, BC, and listed as MLS^® R3058340. As we walk through this beautiful neighborhood, you'll notice the vibrant community and excellent amenities that make it a perfect place to call home.

Schools are a top priority for families, and I'm happy to report that 408 2320 W 40th Avenue is serviced by the highly-rated Quilchena Elementary School, just 0.66 km away. With a rating of 6.1/10, Quilchena Elementary is a great choice for families who value a strong education. Plus, Point Grey Secondary School is also nearby, offering a comprehensive education for students in grades 8-12.

Just down the road, you'll find the charming Crofton House, an independent school that offers a unique and supportive learning environment for students. With a rating of No Rating, Crofton House is a great option for families who want a more personalized education.

Now, let's talk about safety. According to Statistics Canada's 2020 report, the neighborhood surrounding 408 2320 W 40th Avenue has an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. The year-by-year change in the total crime rate is -14.94%, indicating a decrease in crime over time.

When it comes to property crimes, the neighborhood is Above Average, with a rating of 5,020.27. However, the year-by-year change in property misconduct rate is -20.80%, showing a decrease in property-related crimes.

Violent crimes are also relatively low, with a rate of 1,311.69, which is Below Average compared to other BC municipalities. The year-by-year change in the violent crime rate is 3.53%, indicating a small increase.

Now, let's take a look at the demographics of the area. With 45.4% of the population holding a university certificate or degree, this neighborhood is High in terms of education. Additionally, 10% of the population has no certificate or degree, which is Low compared to the average in BC.

The median household income is $56,544, which is Below Average compared to the British Columbia average. However, the median personal income is $33,168, which is Average compared to the BC average. Furthermore, 31.4% of households in the area have a mortgage, which is Low.

Unemployment rates in the area are Above Average, at 10.5%. However, population growth in the area is relatively low, with a -3.6% change between 2011 and 2016.

The neighborhood is also relatively densely populated, with a population density of 9,592.7 people per square kilometer, which is High. Average family sizes in the area are 2.6, which is Low compared to the whole region. Furthermore, 55.5% of families in the area have children, which is Average.

The average age of the population in the area is 50.3, which is High compared to other BC cities. Additionally, the average value of dwellings in the neighborhood is $1,386,395, which is High compared to other areas in British Columbia.

As for transportation, the closest bus station is Westbound W 41 Ave @ Vine St, just 0.1 km away from 408 2320 W 40th Avenue. With a high percentage of residents using public transport (30.2%), this neighborhood is well-connected to the rest of Vancouver.

In terms of real estate, the average owner payments are Above Average in the area, with owners spending an average of $1,534 per month. Tenants, on the other hand, pay an average of $1,566 per month, which is High compared to other cities.

Lastly, 65.3% of the population in the area are renters, which is High compared to other BC cities and areas. The majority of residents speak English only, with 85.1% of the population speaking only English. However, 9.8% of the population speaks both English and French, which is Above Average.

Overall, 408 2320 W 40th Avenue is a great place to call home, with its excellent schools, low crime rates, and vibrant community. Whether you're a first-time buyer or a seasoned real estate investor, this property is sure to impress. Don't miss out on this opportunity to own a piece of Vancouver's thriving real estate market. Contact me today to schedule a viewing and make 408 2320 W 40th Avenue your dream home.