7520 Balaclava St, Vancouver, BC, MLS^® R3057605

Welcome to 7520 Balaclava Street, a stunning property in Vancouver's Southlands neighborhood, listed as MLS^® R3057605

As we walk through the charming streets of Southlands, you'll notice the beautiful homes and tree-lined sidewalks. Our first stop is Kerrisdale Elementary School, a highly-rated institution with a 7.6/10 rating, conveniently located just 2.15 km from 7520 Balaclava Street. Families love this area because of the excellent educational opportunities.

Just down the road, you'll find Point Grey Secondary School, another highly-regarded institution, with a rating of No Rating, situated 2.89 km from this property. The proximity to top-notch schools is a major draw for families.

If you're looking for an independent school option, Crofton House is the closest elementary school, with a rating of No Rating, located just 1.99 km from 7520 Balaclava Street. This school is a great option for families seeking a smaller, more personalized educational experience.

Safety and Crime

Now, let's talk about safety. According to the latest crime statistics from Statistics Canada (2020), this neighborhood has an average crime rate of 7,470.82, which is comparable to other Canadian cities. The year-over-year change in the total crime rate is -14.94%, indicating a decrease in crime over time.

When it comes to drug-related crimes, this area has an average rating, with 1,604 illegal substances lawbreaking disturbances in 2020. The year-over-year change in the illegal substances offences ranking is 1.58%.

Property crimes in this neighborhood are above average, with a rating of 5,020.27, and 35,089 property misconduct incidents in 2020. However, the year-over-year change in the property misconduct rate is -20.80%, indicating a decline in property-related crimes.

Violent crimes in this area are below average, with 1,311.69 incidents per 100,000 population in 2020. The year-over-year change in the violent crime rate is 3.53%, indicating a slight increase in violent crimes.

Community and Lifestyle

Now, let's talk about the community and lifestyle. The closest Bus station is Eastbound W 49 Ave @ McCleery St, just 1.34 km away from this property. With easy access to public transportation, you'll have no problem getting around Vancouver.

This neighborhood is home to a highly educated population, with 52.6% of residents holding a university certificate or degree, which is high compared to other BC neighborhoods. Additionally, 6.8% of the population in this area have no certificate or degree, which is low compared to the average in BC.

The median household income in this area is $125,184, which is high compared to the British Columbia average. The median personal income is $45,210, also high compared to the BC average. However, the percentage of households with a mortgage is 38.8%, which is low.

The unemployment rate in this area is 8.6%, which is average compared to other province neighborhoods.

Demographics and Population Growth

This area has experienced a population change of -2% between 2011 and 2016, which is below average compared to the average growth rate of this region.

The population density per square kilometer in this community is 1,184.3, which is average. The average size of families in this area is 3, which is above average compared to the whole region.

The percentage of families with children in this area is 65.6%, which is above average. The percentage of married or living common law is 61.8%, also above average.

The average age of the population in this area is 42.7, which is above average compared to other BC cities.

Real Estate and Housing

The average value of dwellings in this neighborhood is $2,968,823, which is high compared to other areas in British Columbia.

The average owner payments are high in this area, with owners spending an average of $2,308 per month on their dwellings. Tenants in this area pay an average of $2,069 per month, also high compared to other cities.

Only 11.4% of the population in this area are renters, which is below average compared to other BC cities and areas.

Language and Transportation

The percentage of English and French speakers in this area is 11.3%, which is above average. The percentage of English speakers only is 83.6%, which is below average.

The percentage of neither English nor French speakers in this area is 5%, which is high compared to other BC cities.

The percentage of population using public transportation in this area is 13.5%, which is average. The percentage