234 Eighth Ave, New Westminster, BC V3L 1Y2, New Westminster, BC, V3L 1Y2, MLS® R3049209

Welcome to 234 Eighth Avenue, a beautiful home nestled in the heart of New Westminster, BC, V3L 1Y2. As a seasoned realtor, I'm excited to share with you the wonderful features of this property, listed under MLS® R3049209. Let's start with the excellent educational options available in the area.

Just a short stroll from your front door, you'll find Herbert Spencer Elementary School, rated 6.6/10. This school is conveniently located 0.41-kilometer away from 234 Eighth Avenue, making it an ideal choice for families. If you're looking for an alternative, John Knox Christian School is a fantastic option, with a rating of 9.2/10 and located 0.91 kilometers from this home. For secondary education, Vancouver International College is nearby, with a rating of No Rating and situated 0.65 kilometers from your new home.

Now, let's talk about the safety and tranquility of the area. According to the latest crime statistics from Statistics Canada (2020), the neighbourhood surrounding 234 Eighth Avenue has an average crime rate of 6,761.11, which is typical of urban areas. However, the rate has seen a decrease of -10.42% year-over-year, making it a peaceful and secure community to live in. Furthermore, the drug crime rate is below average, with a rating of 134.4 and 111 incidents in 2020, indicating a low risk of illicit activities.

In terms of property crimes, the area is average, with a rating of 3,807.97 and 3,145 incidents in 2020. The violent crime rate is also average, with 1,143 incidents in 2020 and a rate of 1,383.94, which is typical of many BC municipalities.

As we explore the area, you'll find the Eastbound 8th Ave @ 4th St bus station just 0.12 kilometers away from 234 Eighth Avenue, making it easy to get around without a car.

Now, let's dive into the demographics of the area. You'll find that 31.3% of the population in this neighbourhood has a university certificate or degree, which is above average compared to other BC neighbourhoods. On the other hand, 11.9% of the population has no certificate or degree, which is low compared to the average in BC.

In terms of income, the median household income in the area is $74,176, which is average compared to the British Columbia average. However, the median personal income is $40,096, which is above average. Furthermore, 64.2% of households in this census subdivision have a mortgage, which is above average.

The unemployment rate in the area is 4.1%, which is low compared to other province neighbourhoods. This indicates a strong and stable economy, making it an attractive choice for families and professionals.

As we explore the growth and development of the area, you'll find that the population change between 2011 and 2016 was 5.2%, which is above average compared to the average growth rate of this region. The population density per square kilometre is 3,705.6, which is high.

In terms of family dynamics, the average size of families in the area is 2.9, which is average compared to the whole region. However, 62.6% of families in the area have children, which is above average. On the other hand, 54.3% of the population is married or living common law, which is below average.

The average age of the population in the area is 42.9, which is above average compared to other BC cities. This indicates a mature and established community with a good balance of age groups.

In terms of real estate, the average value of dwellings in the area is $1,004,360, which is high compared to other areas in British Columbia. The average owner payments are also high, with owners spending an average of $1,795 per month. Tenants, on the other hand, pay an average of $823 per month, which is below average.

Finally, 41.4% of the population in the area are renters, which is above average compared to other BC cities and areas. However, 86.2% of the population speaks only English, which is below average. On the other hand, 12.1% of the population speaks both English and French, which is above average.

In terms of transportation, 20.6% of the population in the area uses public transport, which is above average. On the other hand, 66.2% of the population uses cars, which is low. 2.2% of the population uses bicycles, which is above average, and 9.4% of the population