1503 565 Smithe St, Vancouver, BC, Vancouver, BC, V6B 0E4, MLS® R3048543

Welcome to 1503 565 Smithe Street, a stunning property located in the heart of Vancouver's vibrant Downtown neighborhood. As a seasoned realtor, I'm excited to share with you the unique features and advantages of this incredible home, with MLS listing number R3048543.

Surrounded by Top-Rated Schools

This beautiful home is serviced by Lord Strathcona Community Elementary School, a highly-regarded institution with a rating of No Rating, located just 0.65 km away. For older students, King George Secondary School, also rated No Rating, is just 1.65 km from the property. Additionally, The Westside School, an Elementary independent school, is a mere 0.51 km away, offering a unique learning experience for students. Lowell High School, a Secondary independent school, is even closer, just 0.37 km from the property.

Safe and Secure Community

According to the latest crime statistics from Statistics Canada (2020), this neighborhood boasts an Average crime rate of 7,470.82, indicating a safe and secure community for residents. Compared to other Canadian cities, this rate is Average, providing peace of mind for families and individuals alike. The year-over-year change in the total crime rate is a notable -14.94%, demonstrating a downward trend in crime.

Drug Crime and Property Misconduct Rates

The drug crime rate in this area is Average, with a rating of 229.49, indicating a moderate level of illicit substance-related offenses. In contrast, property crimes are Above Average, with a rating of 5,020.27, indicating a higher incidence of property-related misconduct. However, it's worth noting that the year-over-year change in the property misconduct rate is a significant -20.80%, suggesting a decline in property-related crimes.

Violent Crime Rate

The violent crime rate in this neighborhood is Below Average, with a rating of 1,311.69, indicating a relatively low level of violent offenses. The year-over-year change in the violent crime rate is a modest 3.53%, demonstrating a stable trend.

Convenient Public Transit

The closest Bus station, Northbound Seymour St @ Nelson St, is just 0.15 km away from this property, offering easy access to public transportation and connecting residents to the wider city.

Demographics and Lifestyle

This neighborhood is home to a diverse population, with 58.5% of residents holding a university certificate or degree, which is High compared to other BC neighborhoods. However, 2.4% of the population has no certificate or degree, which is Low compared to the average in BC. The median household income is $65,920, which is Average in comparison to the British Columbia average. Meanwhile, the median personal income is $42,581, which is High compared to the BC average. A significant 72.4% of households in this area are owner-occupied, which is High.

Unemployment Rate and Population Growth

The unemployment rate in this area is a low 4.3%, indicating a strong and stable economy. The population change between 2011 and 2016 was a notable 13.9%, which is High compared to average growth rates in this region.

Community Amenities and Lifestyle

This property is situated in a vibrant neighborhood with a high population density of 9,296.6 people per square kilometer, indicating a lively and dynamic community. The average family size is 2.2, which is Low compared to the whole region. A significant 25.3% of families in this area have children, which is Low. However, 42.4% of residents are married or living common law, which is Low.

Real Estate Context

The average value of dwellings in this neighborhood is a high $74,589, which is High compared to other areas in British Columbia. The average owner payments are High, with owners spending $1,792 on average for the dwelling. Tenants are paying $1,723 in this district, which is also High compared to other cities.

Renters and Language Spoken

A significant 61.7% of the population in this district are renters, which is High compared to other BC cities and areas. The language spoken in this area is diverse, with 10.5% of residents speaking English and French, 87.2% speaking English only, and 0.1% speaking French only. However, 2.2% of residents speak neither English nor French, which is Above Average.

Transportation and Commuting

A notable 18.7% of the population in this area use public transportation, which is Above Average. In contrast, 24.5% of residents use cars, which is Low. 1.7% of residents use bicycles, which is Above Average. Finally, 53.4% of residents