Development Opportunity! Spacious two level home located on an interior, quiet street by Knight and 41st. Features 6 bedrooms, 2 kitchens, 2 bathrooms, exterior garage. Hardwood floors up. New hot water tank 2025. Furnace, blinds, most appliances 2018 Huge backyard ideal for fresh vegetable garden. Walking distance to public transit, school, shopping. Central location with easy access to Vancouver Downtown, Richmond, Burnaby. Very livable for owner occupancy or ideal for mortgage helper or investment. Great opportunity for Builder, Investor, Developer. Big lot 41.2x118.70=4891sf. Add laneway house, or build up to 6 strata or 8 rental units on one lot. Neighbouring lots can be purchased together - could be 24 rental units!
General Info
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 13' x 13' ft |
| Main Level | Dining Room | 13' x 13' ft |
| Main Level | Kitchen | 14'4 x 14'4 ft |
| Main Level | Primary Bedroom | 12'6 x 12'6 ft |
| Main Level | Bedroom | 12' x 12' ft |
| Main Level | Bedroom | 13'6 x 13'6 ft |
| Below | Living Room | 12'10 x 12'10 ft |
| Below | Kitchen | 13'6 x 13'6 ft |
| Below | Bedroom | 13' x 13' ft |
| Below | Bedroom | 13'3 x 13'3 ft |
| Below | Bedroom | 9'4 x 9'4 ft |
| Below | Utility | 11'8 x 11'8 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
| Below | No | #4 |
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.
Private Schools
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Welcome to 5848 Culloden Street, Vancouver, BC MLS® R3044465
As we walk through the charming neighborhood of Knight, you'll notice the perfect blend of tranquility and convenience. Located at 5848 Culloden Street, this stunning property is not only a beautiful home but also a fantastic opportunity to live in one of Vancouver's most desirable areas.
Education
Let's start with the schools. The property is serviced by the highly-rated Sir Alexander Mackenzie Elementary School, which boasts a rating of 5.8/10. According to our data, the school is a mere 0.62 km from the property, making it an ideal choice for families with children. Additionally, John Oliver Secondary School is also in the area, with a rating of No Rating, and is located 1.13 km from the property.
For those seeking independent education options, St. Andrew's Elementary School is the closest independent elementary school, with a rating of No Rating, and is located 1.37 km from the property. Vancouver Formosa Academy is the closest independent secondary school, with a rating of No Rating, and is located 2.33 km from the property.
Safety
The neighborhood surrounding 5848 Culloden Street is considered safe, with a crime rate of 7,470.82 incidents per 100,000 population, according to Statistics Canada's 2020 data. This is an Average rate compared to other Canadian cities. While there were 52,217 incidents in the area, the overall crime rate has decreased by 14.94% year-over-year.
When it comes to specific types of crime, the area surrounding MLS® R3044465 has an Average drug crime rate, with 1,604 incidents reported in 2020. The illegal substances offenses rating is 229.49, which is also Average. Property crimes in the neighborhood are Above Average, with 35,089 incidents reported in 2020.
Violent crimes in the area are Below Average, with 1,311.69 incidents reported in 2020. This is a reassuring factor for families and individuals seeking a safe living environment.
Demographics
The neighborhood surrounding 5848 Culloden Street has a diverse population, with 24.1% of residents holding a university certificate or degree, which is Above Average compared to other BC neighborhoods. Conversely, 23.5% of the population has no certificate or degree, also Above Average.
The median household income in the area is $65,978, which is Average compared to the British Columbia average. However, the median personal income is $23,580, which is Low in comparison to the BC average. Interestingly, 41% of households in the area have a mortgage, which is Low.
Transit and Lifestyle
The property is conveniently located near the Northbound Knight St @ E 43 Ave bus station, just 0.11 km away. This makes it easy to get around the city without a car.
When it comes to lifestyle, the neighborhood surrounding 5848 Culloden Street has a lot to offer. The area is home to several parks, beaches, and trails, perfect for outdoor enthusiasts. You'll also find a variety of shopping malls, grocery stores, restaurants, and coffee shops nearby.
Real Estate Context
The average dwelling value in the area is $1,386,237, which is High compared to other areas in British Columbia. As for the owner-occupancy rate, it's Below Average, with 45.7% of the population renting. Average owner payments are Above Average in the area, with homeowners spending $1,379 per month on their dwellings. Tenants, on the other hand, are paying $1,084 per month, which is Average compared to other cities.
Neighborhood Insights
The neighborhood surrounding 5848 Culloden Street has a population density of 5,687.1 people per square kilometer, which is High. The average family size in the area is 3.1, which is Above Average. Interestingly, 74% of families in the area have children, which is High. However, only 53.4% of the population is married or living common law, which is Below Average.
In terms of age, the average resident in the area is 41.3 years old, which is Average compared to other BC cities.
Conclusion
In conclusion, 5848 Culloden Street, Vancouver, BC MLS® R3044465 is an excellent opportunity to live in a desirable neighborhood with access to top-rated schools, safe living conditions, and a diverse range of amenities. Whether you're a family or an individual looking for a convenient and comfortable living space, this property has something to offer.
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